Enerplus (TSE:ERF) (NYSE:ERF) had its target price boosted by equities research analysts at Raymond James from C$20.50 to C$21.50 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price objective indicates a potential upside of 82.51% from the company’s current price.
A number of other analysts also recently commented on ERF. TD Securities upped their target price on Enerplus from C$18.50 to C$19.50 and gave the stock a “buy” rating in a research note on Monday. GMP Securities lowered their target price on Enerplus from C$20.00 to C$18.00 in a research note on Tuesday, January 29th. Canaccord Genuity upped their target price on Enerplus from C$16.00 to C$18.00 in a research note on Tuesday, April 9th. National Bank Financial lowered their target price on Enerplus from C$18.50 to C$16.50 and set an “outperform” rating on the stock in a research note on Monday, January 28th. Finally, Capital One Financial downgraded Enerplus from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$19.13.
Enerplus stock opened at C$11.78 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.59 and a debt-to-equity ratio of 34.83. The stock has a market cap of $2.74 billion and a price-to-earnings ratio of 7.70. Enerplus has a fifty-two week low of C$9.65 and a fifty-two week high of C$18.04.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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