Enerplus (TSE:ERF) (NYSE:ERF) had its price target raised by analysts at Raymond James from C$15.50 to C$19.00 in a report released on Wednesday, BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 33.52% from the company’s current price.
A number of other equities analysts have also commented on ERF. National Bankshares increased their price target on shares of Enerplus from C$17.00 to C$19.00 in a report on Thursday, January 6th. Scotiabank lowered shares of Enerplus from an “outperform” rating to a “hold” rating and increased their target price for the company from C$15.00 to C$16.00 in a report on Thursday, January 13th. BMO Capital Markets increased their target price on shares of Enerplus from C$14.00 to C$15.00 and gave the company a “na” rating in a report on Friday, November 5th. ATB Capital increased their target price on shares of Enerplus from C$12.25 to C$14.00 in a report on Tuesday, November 23rd. Finally, National Bank Financial increased their target price on shares of Enerplus from C$17.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Enerplus has an average rating of “Buy” and an average price target of C$15.55.
Shares of ERF stock opened at C$14.23 on Wednesday. The stock has a market capitalization of C$3.63 billion and a P/E ratio of -25.28. The company has a current ratio of 0.45, a quick ratio of 0.44 and a debt-to-equity ratio of 165.66. The firm’s 50 day moving average is C$13.14 and its 200 day moving average is C$10.41. Enerplus has a 12 month low of C$3.94 and a 12 month high of C$15.41.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its earnings results on Thursday, November 4th. The oil and natural gas company reported C$0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.07). The company had revenue of C$452.27 million for the quarter. On average, equities analysts predict that Enerplus will post 1.5499999 EPS for the current year.
In other Enerplus news, Senior Officer Ian Charles Dundas sold 117,814 shares of the firm’s stock in a transaction dated Friday, December 31st. The shares were sold at an average price of C$14.12, for a total transaction of C$1,663,486.55. Following the completion of the sale, the insider now directly owns 309,852 shares in the company, valued at approximately C$4,374,986.30.
Enerplus Company Profile
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.
Featured Article: What is a CD ladder?
Want More Great Investing Ideas?
