Enerplus (TSE:ERF) Price Target Increased to C$17.00 by Analysts at CIBC

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective raised by equities researchers at CIBC from C$16.00 to C$17.00 in a report issued on Thursday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 13.41% from the company’s current price.

ERF has been the topic of several other reports. National Bank Financial increased 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. BMO Capital Markets increased their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the company a “na” rating in a report on Friday, November 5th. TD Securities increased their price target on shares of Enerplus from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 5th. Tudor Pickering & Holt set a C$13.50 price target on shares of Enerplus and gave the company a “buy” rating in a report on Tuesday, November 16th. Finally, National Bankshares raised their target price on shares of Enerplus from C$17.00 to C$19.00 in a report on Thursday, January 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$15.23.

Shares of ERF stock opened at C$14.99 on Thursday. The company has a debt-to-equity ratio of 165.66, a quick ratio of 0.44 and a current ratio of 0.45. The firm’s 50-day moving average is C$13.03 and its 200-day moving average is C$10.28. The stock has a market cap of C$3.82 billion and a price-to-earnings ratio of -26.63. Enerplus has a 52-week low of C$3.94 and a 52-week high of C$15.02.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its earnings results on Thursday, November 4th. The oil and natural gas company reported C$0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.07). The firm had revenue of C$452.27 million for the quarter. Sell-side analysts predict that Enerplus will post 1.5499999 EPS for the current fiscal year.

In other news, Senior Officer Ian Charles Dundas purchased 5,000 shares of Enerplus stock in a transaction that occurred on Friday, November 26th. The shares were acquired at an average price of C$12.26 per share, for a total transaction of C$61,282.00. Following the transaction, the insider now owns 304,852 shares of the company’s stock, valued at approximately C$3,736,388.05.

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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Analyst Recommendations for Enerplus (TSE:ERF)

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