Enerplus (TSE:ERF) Price Target Increased to C$20.00 by Analysts at Desjardins

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective boosted by Desjardins from C$19.25 to C$20.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a tender rating on the oil and natural gas company’s stock.

A number of other analysts also recently issued reports on ERF. Stifel Nicolaus lifted their target price on Enerplus from C$27.25 to C$32.00 and gave the company a buy rating in a research report on Tuesday. National Bankshares lowered their price target on Enerplus from C$21.00 to C$18.85 and set an outperform rating on the stock in a research report on Thursday, February 22nd. Scotiabank boosted their price target on Enerplus from C$24.00 to C$25.50 and gave the stock a sector perform rating in a research report on Thursday, February 22nd. Finally, ATB Capital lowered their price target on Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$24.36.

Enerplus Price Performance

TSE:ERF opened at C$27.73 on Tuesday. The company has a debt-to-equity ratio of 17.31, a quick ratio of 0.61 and a current ratio of 0.80. The stock’s 50-day simple moving average is C$25.40 and its 200 day simple moving average is C$22.66. The company has a market cap of C$5.64 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.25 and a beta of 2.65. Enerplus has a 52-week low of C$18.23 and a 52-week high of C$28.84.

Enerplus (TSE:ERF) (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, beating analysts’ consensus estimates of C$0.71 by C$0.03. The business had revenue of C$595.12 million for the quarter. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. As a group, sell-side analysts forecast that Enerplus will post 3.001087 EPS for the current fiscal year.

Enerplus Dividend Announcement

The company also recently disclosed a mar 24 dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, March 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, March 1st. Enerplus’s dividend payout ratio is presently 12.32%.

Insider Transactions at Enerplus

In other news, Senior Officer Ian Charles Dundas sold 104,537 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was 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.

About Enerplus

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.