Enerplus (TSE:ERF) Given New C$32.00 Price Target at Stifel Nicolaus

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective increased by Stifel Nicolaus from C$27.25 to C$32.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

Other equities research analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of Enerplus from C$24.00 to C$25.50 and gave the company a sector perform rating in a research note on Thursday, February 22nd. Desjardins upped their price target on shares of Enerplus from C$17.50 to C$19.25 and gave the stock a tender rating in a report on Friday, March 22nd. ATB Capital cut their price target on shares of Enerplus from C$27.00 to C$26.50 in a report on Tuesday, January 2nd. Finally, National Bankshares cut their price target on shares of Enerplus from C$21.00 to C$18.85 and set an outperform rating on the stock in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Enerplus has a consensus rating of Moderate Buy and an average price target of C$24.36.

Enerplus Trading Up 0.4 %

Shares of ERF opened at C$27.73 on Tuesday. Enerplus has a twelve month low of C$18.23 and a twelve month high of C$28.84. The company has a market cap of C$5.64 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.25 and a beta of 2.65. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 17.31. The company’s fifty day simple moving average is C$25.40 and its 200-day simple moving average is C$22.66.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, beating the consensus estimate 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 for the quarter. As a group, analysts expect that Enerplus will post 3.001087 EPS for the current year.

Enerplus Announces Dividend

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

Insider Buying and Selling at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. Insiders own 0.29% of the company’s stock.

Enerplus Company Profile

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.