Enerplus Corp (ERF) Given New C$16.00 Price Target at Barclays PLC

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective raised by Barclays PLC from C$15.00 to C$16.00 in a research report sent to investors on Monday morning.

ERF has been the subject of several other research reports. BMO Capital Markets reiterated an outperform rating and issued a C$16.00 price objective on shares of Enerplus Corp in a research note on Friday, November 10th. National Bank Financial raised their price objective on shares of Enerplus Corp from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Friday, November 10th. Raymond James Financial, Inc. raised their price objective on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the company an outperform rating in a research note on Monday, August 14th. Finally, TD Securities raised their price objective on shares of Enerplus Corp from C$15.00 to C$15.50 and gave the company a buy rating in a research note on Friday, November 10th. Ten investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of C$15.77.

Shares of Enerplus Corp (TSE:ERF) opened at C$11.51 on Monday. Enerplus Corp has a fifty-two week low of C$8.97 and a fifty-two week high of C$13.55.

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The firm also recently announced a nov 17 dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th were given a dividend of $0.01 per share. This represents a yield of 1.12%. The ex-dividend date was Friday, October 27th. Enerplus Corp’s payout ratio is currently 2.91%.

In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of Enerplus Corp stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$11.92, for a total transaction of C$238,400.00.

About Enerplus Corp

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 Corp (TSE:ERF)

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