Enerplus Corp (TSE:ERF) had its target price cut by RBC Capital from C$9.00 to C$8.00 in a research note issued to investors on Wednesday, MarketBeat.com reports.

In related news, Director James Berkeley Fraser acquired 10,000 shares of the stock in a transaction dated Friday, November 13th. The shares were acquired at an average price of C$4.87 per share, with a total value of C$48,700.00. Also, Director David Heckman Barr acquired 30,000 shares of the stock in a transaction dated Monday, December 21st. The shares were bought at an average cost of C$3.22 per share, for a total transaction of C$96,600.00.

Enerplus Corp (TSE:ERF) opened at 3.73 on Wednesday. The company has a 50-day moving average of $4.35 and a 200 day moving average of $6.86. The firm’s market cap is $770.23 million. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $16.09.

The company also recently declared a feb 16 dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Monday, February 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, January 28th.

ERF has been the subject of several other reports. Raymond James initiated coverage on Enerplus Corp in a report on Friday, December 18th. They set an outperform rating and a C$6.75 target price for the company. National Bank Financial upped their target price on Enerplus Corp from C$6.00 to C$10.00 and gave the company a sector perform rating in a report on Monday, January 11th. CIBC reduced their target price on Enerplus Corp from C$13.00 to C$9.50 in a report on Wednesday, September 23rd. Scotiabank reaffirmed a sector perform rating and set a C$24.00 target price on shares of Enerplus Corp in a report on Thursday, November 26th. Finally, Barclays reduced their target price on Enerplus Corp from C$9.00 to C$4.00 and set an equal weight rating for the company in a report on Wednesday, January 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$10.53.

Enerplus Corporation is a Canada-based energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania. The Company’s oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia and Saskatchewan, and in the United States, primarily in the states of Montana, North Dakota, Pennsylvania and West Virginia. The Company’s properties consist of approximately 42% crude oil and natural gas liquids (TSE:ERF) and 58% natural gas properties. The Company drilled around 14 wells at Brooks; seven injection wells and seven production wells at Medicine Hat and 27.2 net horizontal wells in the Fort Berthold region. It has around 71 net producing wells in the Marcellus. Enerplus USA is a subsidiary of the Company.

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