Enerplus (TSE:ERF) Price Target Raised to C$20.00

Enerplus (TSE:ERF) (NYSE:ERF) had its price target boosted by Desjardins from C$19.25 to C$20.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have a tender rating on the oil and natural gas company’s stock.

Other analysts also recently issued reports about the stock. ATB Capital decreased their target price on shares of Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. National Bankshares decreased their price objective on shares of Enerplus from C$21.00 to C$18.85 and set an outperform rating for the company in a report on Thursday, February 22nd. Scotiabank upped their price objective on shares of Enerplus from C$24.00 to C$25.50 and gave the stock a sector perform rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Enerplus from C$27.25 to C$32.00 and gave the stock a buy rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Enerplus currently has a consensus rating of Moderate Buy and a consensus target price of C$24.36.

Enerplus Stock Performance

ERF stock opened at C$27.91 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.80 and a debt-to-equity ratio of 17.31. The company has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.25 and a beta of 2.65. Enerplus has a 12 month low of C$18.23 and a 12 month high of C$28.84. The firm has a 50 day moving average of C$25.65 and a two-hundred day moving average of C$22.74.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The company had revenue of C$595.12 million during the quarter. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. As a group, equities analysts anticipate that Enerplus will post 3.001087 EPS for the current fiscal year.

Enerplus Dividend Announcement

The company also recently disclosed a mar 24 dividend, which was paid on Monday, March 4th. Investors of record on Friday, March 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, March 1st. Enerplus’s dividend payout ratio is currently 12.32%.

Insider Buying and Selling

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. 0.29% of the stock is owned by insiders.

Enerplus Company Profile

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.