Enerplus (TSE:ERF) PT Raised to C$20.00

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective raised by stock analysts at Desjardins from C$19.25 to C$20.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “tender” rating on the oil and natural gas company’s stock. Desjardins’ target price would indicate a potential downside of 28.11% from the company’s current price.

Several other analysts have also weighed in on ERF. ATB Capital decreased their price target on Enerplus from C$27.00 to C$26.50 in a report on Tuesday, January 2nd. National Bankshares reduced their target price on shares of Enerplus from C$21.00 to C$18.85 and set an “outperform” rating on the stock in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price target on shares of Enerplus from C$27.25 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Scotiabank upped their price target on shares of Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$24.36.

Enerplus Stock Up 0.3 %

Shares of TSE ERF opened at C$27.82 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 17.31. Enerplus has a 12-month low of C$18.23 and a 12-month high of C$28.84. The firm’s 50-day moving average price is C$25.53 and its 200-day moving average price is C$22.70. The stock has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 0.25 and a beta of 2.65.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The company had revenue of C$595.12 million for the quarter. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. On average, equities research analysts anticipate that Enerplus will post 3.001087 EPS for the current fiscal year.

Insider Activity at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the company’s stock in a transaction dated 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 currently owned by company insiders.

About Enerplus

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.