Todays Report: Today: Enerplus Corp (ERF) Price Target Raised to C$14.00 at CSFB

Today: Enerplus Corp (ERF) Price Target Raised to C$14.00 at CSFB

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective increased by analysts at CSFB from C$12.00 to C$14.00 in a research report issued on Monday. CSFB’s target price indicates a potential upside of 32.08% from the company’s previous close.

ERF has been the subject of a number of other reports. TD Securities restated a “buy” rating and issued a C$12.50 price target on shares of Enerplus Corp in a research report on Wednesday, October 5th. Royal Bank Of Canada raised their price target on Enerplus Corp from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 18th. Canaccord Genuity raised their price target on Enerplus Corp from C$10.75 to C$11.00 in a research report on Friday, October 21st. Raymond James Financial Inc. raised their price target on Enerplus Corp from C$10.50 to C$11.00 in a research report on Friday, August 5th. Finally, Scotiabank raised their price target on Enerplus Corp from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$11.20.

Enerplus Corp (TSE:ERF) traded down 0.09% during mid-day trading on Monday, hitting $10.58. 1,077,546 shares of the stock were exchanged. The stock has a 50 day moving average of $9.63 and a 200-day moving average of $8.57. Enerplus Corp has a 52-week low of $2.68 and a 52-week high of $11.09. The stock’s market cap is $2.54 billion.

The business also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, November 28th. This represents a yield of 1.13%.

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