Enerplus (TSE:ERF) PT Raised to C$32.00

Enerplus (TSE:ERF) (NYSE:ERF) had its target price increased by investment analysts at Stifel Nicolaus from C$27.25 to C$32.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 15.03% from the company’s previous close.

Several other research firms also recently weighed in on ERF. Desjardins lifted their price target on shares of Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a research note on Friday, March 22nd. ATB Capital cut their price target on Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. National Bankshares lowered 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 research note on Thursday, February 22nd. Finally, Scotiabank raised their target price on shares of Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Enerplus has a consensus rating of “Moderate Buy” and a consensus target price of C$24.36.

Enerplus Stock Performance

ERF stock opened at C$27.82 on Tuesday. The firm has a market cap of C$5.65 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.25 and a beta of 2.65. Enerplus has a twelve month low of C$18.23 and a twelve month high of C$28.84. 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 business’s fifty day simple moving average is C$25.53 and its two-hundred day simple moving average is C$22.70.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly 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. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. The company had revenue of C$595.12 million for the quarter. Analysts predict that Enerplus will post 3.001087 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of the stock in a transaction that occurred 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. Company insiders own 0.29% of the company’s stock.

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.