Analysts Set Enerplus Co. (TSE:ERF) PT at C$23.67

Enerplus Co. (TSE:ERFGet Free Report) (NYSE:ERF) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$23.67.

Several analysts have recently weighed in on ERF shares. ATB Capital decreased their price target on shares of Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. Scotiabank lifted their price objective on shares of Enerplus from C$24.00 to C$25.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus lowered their price objective on Enerplus from C$27.75 to C$27.25 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Desjardins increased their price objective on shares of Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a research report on Friday, March 22nd. Finally, National Bankshares lowered their price target on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a research report on Thursday, February 22nd.

Get Our Latest Stock Report on Enerplus

Enerplus Trading Up 0.7 %

Shares of TSE:ERF opened at C$28.47 on Friday. The company has a debt-to-equity ratio of 17.31, a quick ratio of 0.61 and a current ratio of 0.80. The stock has a market capitalization of C$5.79 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.25 and a beta of 2.65. The stock’s 50-day simple moving average is C$24.35 and its two-hundred day simple moving average is C$22.44. Enerplus has a 52-week low of C$18.23 and a 52-week high of C$28.84.

Enerplus (TSE:ERFGet Free Report) (NYSE:ERF) last posted its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. The business had revenue of C$595.12 million during the quarter. Analysts expect that Enerplus will post 3.001087 EPS for the current year.

Enerplus Announces Dividend

The company also recently announced a mar 24 dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, March 15th were issued a $0.065 dividend. The ex-dividend date was Friday, March 1st. Enerplus’s payout ratio is 12.32%.

Insider Buying and Selling

In other news, Senior Officer Ian Charles Dundas sold 104,537 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$24.13, for a total value of C$2,521,965.58. 0.29% of the stock is owned by insiders.

About Enerplus

(Get Free Report

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Enerplus (TSE:ERF)

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