Enerplus Corp (TSE: ERF) recently received a number of ratings updates from brokerages and research firms:

  • 1/26/2016 – Enerplus Corp had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a C$8.00 price target on the stock.
  • 1/20/2016 – Enerplus Corp had its price target lowered by analysts at RBC Capital from C$9.00 to C$8.00.
  • 1/20/2016 – Enerplus Corp had its price target lowered by analysts at Barclays from C$9.00 to C$4.00. They now have an “equal weight” rating on the stock.
  • 1/14/2016 – Enerplus Corp had its price target lowered by analysts at CIBC from C$10.25 to C$6.50.
  • 1/13/2016 – Enerplus Corp had its price target raised by analysts at Raymond James from C$5.75 to C$6.25. They now have an “outperform” rating on the stock.
  • 1/12/2016 – Enerplus Corp had its price target lowered by analysts at National Bank Financial from C$10.00 to C$6.00. They now have a “sector perform market weight” rating on the stock.
  • 1/12/2016 – Enerplus Corp had its price target lowered by analysts at Raymond James from C$6.75 to C$5.75.
  • 1/11/2016 – Enerplus Corp had its price target raised by analysts at National Bank Financial from C$6.00 to C$10.00. They now have a “sector perform” rating on the stock.
  • 12/18/2015 – Enerplus Corp is now covered by analysts at Raymond James. They set an “outperform” rating and a C$6.75 price target on the stock.

Enerplus Corp (TSE:ERF) opened at 4.42 on Friday. The firm’s market cap is $912.71 million. The stock’s 50 day moving average price is $4.15 and its 200-day moving average price is $6.68. Enerplus Corp has a 12-month low of $2.68 and a 12-month high of $16.09.

The firm also recently declared a feb 16 dividend, which will be paid on Tuesday, February 16th. Investors of record on Monday, February 1st will be given a dividend of $0.03 per share. This represents a dividend yield of 9%. The ex-dividend date of this dividend is Thursday, January 28th.

In other Enerplus Corp news, Director Glen Dawson Roane purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 20th. The stock was bought at an average cost of C$2.78 per share, with a total value of C$69,500.00. Also, Director David Heckman Barr purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 21st. The shares were acquired at an average cost of C$3.22 per share, with a total value of C$96,600.00.

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.

Receive News & Ratings for Enerplus Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corp and related companies with MarketBeat.com's FREE daily email newsletter.