Enerplus (ERF) Receives C$18.27 Average Target Price from Analysts

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.

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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.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Friday, February 23rd. The oil and natural gas company reported C$0.34 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.23. The firm had revenue of C$271.10 million during the quarter, compared to analysts’ expectations of C$246.00 million. Enerplus had a return on equity of 3.85% and a net margin of 5.63%.

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.

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About Enerplus

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.

Analyst Recommendations for Enerplus (TSE:ERF)

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