Enerplus (TSE:ERF) (NYSE:ERF)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a research note issued to investors on Tuesday, BayStreet.CA reports. They presently have a C$11.00 price target on the oil and natural gas company’s stock. Raymond James’ target price indicates a potential upside of 30.64% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. Capital One Financial upgraded Enerplus from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 8th. Royal Bank of Canada decreased their target price on Enerplus from C$14.00 to C$13.00 in a research report on Friday, October 18th. National Bank Financial raised their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, CIBC raised their target price on Enerplus from C$14.00 to C$14.50 in a research report on Monday, August 12th. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$15.50.
ERF stock traded down C$0.21 during mid-day trading on Tuesday, reaching C$8.42. 697,993 shares of the company’s stock were exchanged, compared to its average volume of 1,019,954. The company has a market cap of $1.87 billion and a price-to-earnings ratio of 4.65. The stock’s 50 day moving average is C$8.75 and its 200 day moving average is C$9.45. The company has a debt-to-equity ratio of 34.72, a current ratio of 1.01 and a quick ratio of 0.87. Enerplus has a 12-month low of C$7.32 and a 12-month high of C$13.70.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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