RBC Capital reissued their outperform rating on shares of Enerplus Corp (TSE:ERF) in a research report released on Tuesday morning, American Banking News reports.
RBC Capital has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Agrium. They issued an outperform rating on that stock and set a $115.00 price target. Also, RBC Capital initiated coverage on shares of Potash Corp. They issued a sector perform rating on that stock and set a $35.00 price target. Finally, RBC Capital reiterated its outperform rating on shares of Barclays.
ERF has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a sector outperform rating on shares of Enerplus Corp in a research note to investors on Tuesday. They now have a C$22.00 price target on the stock, up previously from C$21.00. Separately, analysts at Barclays raised their price target on shares of Enerplus Corp from C$22.00 to C$23.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Enerplus Corp from C$20.00 to C$23.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$20.97.
Enerplus Corp (TSE:ERF) traded down 0.46% on Tuesday, hitting $19.68. The stock had a trading volume of 163,295 shares. Enerplus Corp has a one year low of $12.26 and a one year high of $19.83. The stock has a 50-day moving average of $17.30 and a 200-day moving average of $15.56.
Enerplus Corp (TSE:ERF) last announced its earnings results on Friday, November 8th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.79. During the same quarter last year, the company posted $0.27 earnings per share.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, December 3rd.
Enerplus Corporation (TSE:ERF), formerly Enerplus Resources Fund, has oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia, Saskatchewan and Manitoba, and in the United States in the states of Montana, North Dakota, Maryland, Pennsylvania, West Virginia, Wyoming and Utah.
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