Enerplus (TSE:ERF) Given New C$20.00 Price Target at Desjardins

Enerplus (TSE:ERF) (NYSE:ERF) had its price target boosted by Desjardins from C$19.25 to C$20.00 in a report issued on Tuesday morning, BayStreet.CA reports. Desjardins currently has a tender rating on the oil and natural gas company’s stock.

Several other equities analysts have also recently commented on ERF. ATB Capital cut their target price on shares of Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. Scotiabank increased their target price on shares of Enerplus from C$24.00 to C$25.50 and gave the company a sector perform rating in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their target price on Enerplus from C$27.25 to C$32.00 and gave the stock a buy rating in a research report on Tuesday. Finally, National Bankshares cut their price target on Enerplus from C$21.00 to C$18.85 and set an outperform rating for the company in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$24.36.

Enerplus Stock Performance

TSE:ERF opened at C$28.06 on Tuesday. The firm has a market capitalization of C$5.70 billion, a PE ratio of 9.88, a PEG ratio of 0.25 and a beta of 2.65. Enerplus has a 1 year low of C$18.23 and a 1 year high of C$28.84. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 17.31. The firm’s fifty day simple moving average is C$25.77 and its 200 day simple moving average is C$22.77.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share (EPS) for the quarter, beating 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 year.

Enerplus Announces Dividend

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

Insider Activity at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the 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. 0.29% of the stock is owned by insiders.

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.