Enerplus (ERF) PT Raised to C$21.00

Enerplus (TSE:ERF) (NYSE:ERF) had its price target upped by analysts at National Bank Financial from C$15.00 to C$21.00 in a report issued on Tuesday, January 9th. The brokerage presently has an “outperform” rating on the oil and natural gas company’s stock. National Bank Financial’s price target indicates a potential upside of 54.75% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Barclays upped their price target on Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. TD Securities increased their price objective on Enerplus from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Friday, November 10th. BMO Capital Markets restated an “outperform” rating and set a C$16.00 price target on shares of Enerplus in a research note on Thursday, December 14th. Finally, Raymond James Financial upped their price target on Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$17.59.

Enerplus (TSE ERF) traded down C$0.28 during midday trading on Tuesday, reaching C$13.57. The company had a trading volume of 1,204,517 shares, compared to its average volume of 1,130,000. The firm has a market cap of $3,300.00, a PE ratio of 3.29 and a beta of 1.10. Enerplus has a 12 month low of C$8.97 and a 12 month high of C$14.54.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%.

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Enerplus Company Profile

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

Analyst Recommendations for Enerplus (TSE:ERF)

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