Enerplus (ERF) Stock Price Up 0.1%

Enerplus Corp (TSE:ERF) (NYSE:ERF) rose 0.1% during trading on Wednesday . The company traded as high as C$11.15 and last traded at C$11.00. Approximately 716,708 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 1,125,865 shares. The stock had previously closed at C$10.99.

ERF has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a research report on Friday, November 10th. National Bank Financial increased their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Raymond James Financial increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays increased their price objective on shares of Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$15.69.

The business also recently announced a jan 18 dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 28th. Enerplus’s dividend payout ratio (DPR) is 2.91%.

WARNING: This piece was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/12/22/enerplus-erf-stock-price-up-0-1.html.

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).

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply