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

Enerplus (TSE:ERF) (NYSE:ERF) had its target price raised by stock analysts at Stifel Nicolaus from C$27.25 to C$32.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage 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 current price.

ERF has been the topic of several other reports. National Bankshares reduced their target price on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Desjardins increased their target price on Enerplus from C$17.50 to C$19.25 and gave the stock a “tender” rating in a report on Friday, March 22nd. ATB Capital cut their price target on Enerplus from C$27.00 to C$26.50 in a report on Tuesday, January 2nd. Finally, Scotiabank increased 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Enerplus presently has a consensus rating of “Moderate Buy” and an average price target of C$24.36.

Enerplus Stock Up 0.3 %

TSE ERF opened at C$27.82 on Tuesday. The firm has a 50-day simple moving average of C$25.53 and a 200 day simple moving average of C$22.70. The stock has a market cap of C$5.65 billion, a PE 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 debt-to-equity ratio of 17.31, a quick ratio of 0.61 and a current ratio of 0.80.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. The business 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%. On average, research analysts forecast that Enerplus will post 3.001087 EPS for the current year.

Insider Transactions at Enerplus

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of the business’s 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. Corporate insiders own 0.29% of the company’s stock.

About Enerplus

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.