Enerplus (TSE:ERF) Price Target Lowered to C$9.50 at Raymond James

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Enerplus (TSE:ERF) (NYSE:ERF) had its price target cut by analysts at Raymond James from C$10.25 to C$9.50 in a research report issued to clients and investors on Monday, Price Targets.com reports. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James’ price target would indicate a potential upside of 49.61% from the company’s previous close.

Several other brokerages have also commented on ERF. Tudor Pickering & Holt set a C$10.00 price target on shares of Enerplus and gave the stock a “buy” rating in a report on Friday, April 9th. Tudor Pickering reiterated a “buy” rating and set a C$10.00 price objective on shares of Enerplus in a research note on Friday, April 9th. TD Securities increased their price objective on Enerplus from C$9.00 to C$10.00 and gave the company a “buy” rating in a research note on Friday, April 9th. ATB Capital increased their target price on shares of Enerplus from C$5.50 to C$6.25 in a research report on Monday, January 11th. Finally, Scotiabank boosted their price target on shares of Enerplus from C$7.50 to C$8.50 in a research report on Thursday, April 15th. Eight analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$9.34.

Shares of Enerplus stock opened at C$6.35 on Monday. The firm has a market cap of C$1.41 billion and a PE ratio of -1.53. Enerplus has a twelve month low of C$2.22 and a twelve month high of C$7.22. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 98.43. The business has a 50-day moving average price of C$6.63 and a 200 day moving average price of C$4.57.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Friday, February 19th. The oil and natural gas company reported C$0.10 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.01. The business had revenue of C$195.10 million during the quarter. On average, sell-side analysts expect that Enerplus will post 1.3100001 EPS for the current year.

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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