Enerplus (TSE:ERF) Price Target Lowered to C$13.50 at National Bank Financial

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective decreased by National Bank Financial from C$15.00 to C$13.50 in a research note released on Tuesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the oil and natural gas company’s stock. National Bank Financial also issued estimates for Enerplus’ FY2020 earnings at $1.55 EPS.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reduced their target price on Enerplus from C$14.00 to C$13.00 in a report on Friday, October 18th. Tudor Pickering restated a buy rating and set a C$11.50 target price on shares of Enerplus in a report on Friday, January 17th. Raymond James restated an outperform rating and set a C$11.00 target price on shares of Enerplus in a report on Tuesday, November 12th. Capital One Financial upgraded Enerplus from an equal weight rating to an overweight rating in a report on Friday, November 8th. Finally, Tudor Pickering & Holt set a C$11.50 target price on Enerplus and gave the stock a buy rating in a report on Friday, January 17th. Seven equities research 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$14.64.

Enerplus stock opened at C$7.17 on Tuesday. The business’s 50-day simple moving average is C$8.81 and its 200 day simple moving average is C$8.81. The stock has a market cap of $1.82 billion and a price-to-earnings ratio of 4.09. Enerplus has a 12-month low of C$7.05 and a 12-month high of C$13.09. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 34.58.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings results on Friday, November 8th. The oil and natural gas company reported C$0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.01). The company had revenue of C$339.04 million during the quarter, compared to analyst estimates of C$331.89 million. As a group, sell-side analysts expect that Enerplus will post 1.25 EPS for the current year.

The business also recently announced a feb 20 dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, January 29th. Enerplus’s dividend payout ratio (DPR) is currently 6.85%.

About Enerplus

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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