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 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.
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