Enerplus (ERF) Rating Reiterated by BMO Capital Markets

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BMO Capital Markets reaffirmed their outperform rating on shares of Enerplus (TSE:ERF) (NYSE:ERF) in a research note published on Monday. BMO Capital Markets currently has a C$17.00 price objective on the oil and natural gas company’s stock.

ERF has been the topic of several other reports. TD Securities cut their target price on Enerplus from C$16.50 to C$16.00 and set a buy rating on the stock in a report on Monday. Raymond James upgraded Enerplus from an outperform rating to a strong-buy rating and raised their target price for the company from C$24.50 to C$25.50 in a report on Monday, November 12th. National Bank Financial cut their target price on Enerplus from C$24.00 to C$23.00 in a report on Friday, October 5th. Canaccord Genuity cut their target price on Enerplus from C$21.00 to C$16.00 in a report on Thursday, January 10th. Finally, GMP Securities cut their target price on Enerplus from C$21.50 to C$20.00 in a report on Thursday, December 13th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Enerplus currently has an average rating of Buy and an average target price of C$18.36.

Shares of TSE:ERF opened at C$11.37 on Monday. Enerplus has a 1 year low of C$9.65 and a 1 year high of C$18.04. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 37.53.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its earnings results on Friday, November 9th. The oil and natural gas company reported C$0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.36 by C($0.01). The business had revenue of C$319.52 million during the quarter, compared to the consensus estimate of C$345.51 million. On average, sell-side analysts expect that Enerplus will post 1.37514519130054 EPS for the current year.

The business also recently announced a feb 19 dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a yield of 1.05%. Enerplus’s dividend payout ratio (DPR) is currently 20.62%.

In other Enerplus news, insider Glen Dawson Roane acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were acquired at an average cost of C$9.83 per share, for a total transaction of C$98,300.00. Following the completion of the purchase, the insider now owns 40,000 shares of the company’s stock, valued at approximately C$393,200.

Enerplus Company Profile

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.

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Analyst Recommendations for Enerplus (TSE:ERF)

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