Shares of Enerplus (TSE:ERF) (NYSE:ERF) have been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$18.27.
A number of analysts recently commented on the company. CIBC dropped their price objective on Enerplus from C$19.00 to C$18.50 in a research report on Tuesday, March 20th. Raymond James Financial lifted their price objective on Enerplus from C$18.25 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Desjardins lifted their price objective on Enerplus from C$16.00 to C$17.50 in a research report on Monday, February 26th. Barclays lifted their price objective on Enerplus from C$16.00 to C$17.00 in a research report on Wednesday, January 17th. Finally, Canaccord Genuity lifted their price objective on Enerplus from C$16.50 to C$17.00 in a research report on Monday, February 26th.
Enerplus stock opened at C$14.07 on Thursday. Enerplus has a 52 week low of C$8.97 and a 52 week high of C$15.89.
The firm also recently declared a apr 18 dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 28th.
In other Enerplus news, insider Shaina Brianne Morihira sold 6,579 shares of Enerplus stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of C$14.04, for a total value of C$92,369.16. Also, insider David Mccoy sold 8,187 shares of Enerplus stock in a transaction dated Sunday, March 4th. The shares were sold at an average price of C$14.04, for a total value of C$114,945.48.
TRADEMARK VIOLATION WARNING: “Enerplus (ERF) Receives C$18.27 Average Target Price from Analysts” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3341031/enerplus-erf-receives-c18-27-average-target-price-from-analysts.html.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.