Enerplus (TSE:ERF) (NYSE:ERF) had its price objective lifted by research analysts at Raymond James Financial from C$16.75 to C$18.25 in a research report issued on Wednesday, January 17th. The brokerage presently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James Financial’s target price points to a potential upside of 44.84% from the stock’s previous close.
ERF has been the topic of a number of other reports. Barclays lifted their price target on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a research report on Friday, November 10th. National Bank Financial lifted their price target on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities boosted their target price on Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Scotiabank lifted their price target on Enerplus from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$17.59.
Enerplus (ERF) traded down C$0.13 during mid-day trading on Wednesday, hitting C$12.60. The stock had a trading volume of 1,554,200 shares, compared to its average volume of 1,200,000. Enerplus has a 52 week low of C$8.97 and a 52 week high of C$14.54. The company has a market capitalization of $3,070.00, a price-to-earnings ratio of 3.05 and a beta of 1.10.
Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). The business had revenue of C$161.85 million for the quarter, compared to the consensus estimate of C$189.00 million. Enerplus had a return on equity of 4.05% and a net margin of 8.23%.
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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).
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