Enerplus (TSE:ERF) PT Raised to C$32.00

Enerplus (TSE:ERF) (NYSE:ERF) had its target price increased by Stifel Nicolaus from C$27.25 to C$32.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the oil and natural gas company’s stock.

ERF has been the topic of several other reports. Scotiabank boosted their target price on Enerplus from C$24.00 to C$25.50 and gave the stock a sector perform rating in a report on Thursday, February 22nd. National Bankshares cut their target price on Enerplus from C$21.00 to C$18.85 and set an outperform rating on the stock in a research report on Thursday, February 22nd. ATB Capital cut their target price on Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. Finally, Desjardins upped their price objective on Enerplus from C$17.50 to C$19.25 and gave the stock a tender rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$24.36.

Enerplus Trading Up 0.3 %

ERF stock opened at C$27.91 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 stock has a market cap of C$5.67 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.25 and a beta of 2.65. The business’s 50-day moving average is C$25.65 and its 200 day moving average is C$22.74.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share (EPS) 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, sell-side analysts anticipate that Enerplus will post 3.001087 EPS for the current fiscal year.

Enerplus Dividend Announcement

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

Insider Transactions at Enerplus

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