National Bank Financial Boosts Enerplus (ERF) Price Target to C$17.50

Enerplus (TSE:ERF) (NYSE:ERF) had its target price hoisted by analysts at National Bank Financial from C$16.50 to C$17.50 in a report issued on Monday, April 8th, BayStreet.CA reports. National Bank Financial’s price target indicates a potential upside of 50.09% from the stock’s current price.

Several other equities research analysts have also recently weighed in on ERF. Capital One Financial cut shares of Enerplus from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 25th. Raymond James reiterated a “strong-buy” rating and set a C$20.00 price objective on shares of Enerplus in a research report on Monday, January 28th. Canaccord Genuity decreased their price objective on shares of Enerplus from C$21.00 to C$16.00 in a research report on Thursday, January 10th. GMP Securities decreased their price objective on shares of Enerplus from C$20.00 to C$18.00 in a research report on Tuesday, January 29th. Finally, TD Securities increased their price objective on shares of Enerplus from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Monday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$18.56.

Shares of ERF stock traded up C$0.16 during trading hours on Monday, hitting C$11.66. 470,800 shares of the company’s stock traded hands, compared to its average volume of 935,481. The company has a market capitalization of $2.78 billion and a P/E ratio of 7.62. Enerplus has a 12 month low of C$9.65 and a 12 month high of C$18.04. The company has a debt-to-equity ratio of 34.83, a quick ratio of 1.59 and a current ratio of 1.78.

Enerplus (TSE:ERF) (NYSE:ERF) last released its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported C$0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.38 by C$0.04. The business had revenue of C$326.70 million for the quarter, compared to the consensus estimate of C$329.00 million. As a group, sell-side analysts forecast that Enerplus will post 1.25 earnings per share for the current fiscal year.

Enerplus Company Profile

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.

See Also: Trading based on a resistance level

Analyst Recommendations for Enerplus (TSE:ERF)

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.