The Enerplus Corp (ERF) PT Raised to C$14.00

The Enerplus Corp (ERF) PT Raised to C$14.00

A number of other equities analysts have also recently commented on ERF. Raymond James Financial, Inc. lifted their price objective on shares of Enerplus Corp from C$15.50 to C$16.00 and gave the stock an outperform rating in a research report on Friday, February 24th. TD Securities reaffirmed a buy rating and set a C$15.50 price objective on shares of Enerplus Corp in a research report on Monday, February 27th. Scotiabank lifted their price objective on shares of Enerplus Corp from C$14.00 to C$16.50 and gave the stock an outperform rating in a research report on Monday, February 27th. Finally, BMO Capital Markets raised shares of Enerplus Corp from a market perform rating to an outperform rating in a research report on Friday, February 10th. Twelve investment analysts have rated the stock with a buy rating, Enerplus Corp presently has an average rating of Buy and a consensus target price of C$14.67.

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its target price upped by Royal Bank of Canada from C$13.00 to C$14.00 in a report published on Monday, May 15th, StockTargetPrices.com reports. They currently have an outperform rating on the oil and natural gas company’s stock.

The firm also recently declared a jun 17 dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be paid a $0.01 dividend. This represents a yield of 1.1%. The ex-dividend date is Wednesday, May 24th. In other Enerplus Corp news, insider Edward Mclaughlin purchased 3,240 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were purchased at an average cost of C$8.24 per share, with a total value of C$26,697.60. Over the last three months, insiders acquired 7,240 shares of company stock worth $69,628.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:ERF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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