Enerplus (TSE:ERF) Price Target Raised to C$20.00

Enerplus (TSE:ERF - Get Free Report) NYSE: ERF had its price objective boosted by investment analysts at Desjardins from C$19.25 to C$20.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a "tender" rating on the oil and natural gas company's stock. Desjardins' price objective suggests a potential downside of 27.88% from the company's previous close.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus boosted their target price on Enerplus from C$27.25 to C$32.00 and gave the stock a "buy" rating in a research note on Tuesday. National Bankshares decreased their target price on Enerplus from C$21.00 to C$18.85 and set an "outperform" rating for the company in a research note on Thursday, February 22nd. ATB Capital decreased their target price on Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. Finally, Scotiabank boosted their target price on Enerplus from C$24.00 to C$25.50 and gave the stock a "sector perform" rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Enerplus currently has an average rating of "Moderate Buy" and a consensus target price of C$24.36.

Enerplus Stock Up 0.4 %

Shares of Enerplus stock traded up C$0.12 on Tuesday, reaching C$27.73. 217,177 shares of the company were exchanged, compared to its average volume of 604,447. Enerplus has a 1-year low of C$18.23 and a 1-year high of C$28.84. The company has a market cap of C$5.64 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.25 and a beta of 2.65. The company has a debt-to-equity ratio of 17.31, a current ratio of 0.80 and a quick ratio of 0.61. The stock's 50 day moving average price is C$25.27 and its 200-day moving average price is C$22.63.

Enerplus (TSE:ERF - Get Free Report) NYSE: ERF last announced its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 EPS for the quarter, topping analysts' consensus estimates of C$0.71 by C$0.03. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. The business had revenue of C$595.12 million during the quarter. As a group, equities analysts forecast that Enerplus will post 3.001087 EPS for the current year.

Insider Transactions at Enerplus

In other news, Senior Officer Ian Charles Dundas sold 104,537 shares of the company'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. Company 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.