Enerplus (TSE:ERF – Get Free Report) (NYSE:ERF) had its price objective hoisted by equities researchers at Stifel Nicolaus from C$27.25 to C$32.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 15.27% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. ATB Capital reduced their price target on Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. Scotiabank lifted their price target on 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. National Bankshares reduced their price target on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Finally, Desjardins lifted their price target on Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$24.36.
View Our Latest Report on Enerplus
Enerplus Stock Performance
Enerplus (TSE:ERF – Get Free Report) (NYSE:ERF) last released 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. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. The business had revenue of C$595.12 million during the quarter. On average, research analysts forecast that Enerplus will post 3.001087 EPS for the current fiscal year.
Insider Activity
In other news, Senior Officer Ian Charles Dundas sold 104,537 shares of the firm’s stock in a transaction 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.
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.
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