Enerplus (TSE:ERF) (NYSE:ERF) had its target price hoisted by analysts at Tudor Pickering to C$20.00 in a report issued on Monday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Tudor Pickering’s target price suggests a potential upside of 48.26% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. CIBC boosted their target price on shares of Enerplus from C$16.00 to C$17.00 in a research report on Thursday, January 13th. ATB Capital boosted their target price on shares of Enerplus from C$12.25 to C$14.00 in a research report on Tuesday, November 23rd. BMO Capital Markets boosted their target price on shares of Enerplus from C$14.00 to C$15.00 and gave the stock a “na” rating in a research report on Friday, November 5th. National Bank Financial upped their price target on shares of Enerplus from C$17.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 6th. Finally, Scotiabank cut shares of Enerplus from an “outperform” rating to a “hold” rating and upped their price target for the company from C$15.00 to C$16.00 in a report on Thursday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Enerplus presently has an average rating of “Buy” and an average target price of C$17.27.
Shares of TSE ERF traded down C$0.74 during midday trading on Monday, reaching C$13.49. 1,227,528 shares of the stock were exchanged, compared to its average volume of 1,635,775. Enerplus has a 52-week low of C$3.94 and a 52-week high of C$15.41. The stock has a 50 day moving average price of C$13.19 and a 200-day moving average price of C$10.48. The company has a market capitalization of C$3.44 billion and a P/E ratio of -23.96. The company has a current ratio of 0.45, a quick ratio of 0.44 and a debt-to-equity ratio of 165.66.
Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings results on Thursday, November 4th. The oil and natural gas company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.07). The business had revenue of C$452.27 million for the quarter. On average, analysts forecast that Enerplus will post 1.5499999 earnings per share for the current year.
In other news, Senior Officer Ian Charles Dundas sold 117,814 shares of the company’s stock in a transaction dated Friday, December 31st. The shares were sold at an average price of C$14.12, for a total transaction of C$1,663,486.55. Following the completion of the transaction, the insider now owns 309,852 shares in the company, valued at C$4,374,986.30.
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.