Enerplus Corp. (NYSE:ERF) (TSE:ERF) has been assigned a $14.00 price target by investment analysts at Credit Suisse Group AG in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 89.96% from the company’s previous close.

ERF has been the topic of a number of other research reports. Barclays PLC reissued a “buy” rating on shares of Enerplus Corp. in a report on Thursday, October 6th. National Bank Financial reissued an “outperfrom under weight” rating on shares of Enerplus Corp. in a report on Monday, November 14th. Finally, Canaccord Genuity initiated coverage on Enerplus Corp. in a report on Wednesday, August 17th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Enerplus Corp. currently has an average rating of “Buy” and a consensus price target of $8.50.

Analyst Recommendations for Enerplus Corp. (NYSE:ERF)

Enerplus Corp. (NYSE:ERF) opened at 7.37 on Monday. The stock’s market cap is $1.77 billion. Enerplus Corp. has a one year low of $1.84 and a one year high of $8.24. The firm has a 50-day moving average price of $7.20 and a 200-day moving average price of $6.55.

Enerplus Corp. (NYSE:ERF) last issued its quarterly earnings data on Monday, November 14th. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.43. Enerplus Corp. had a negative net margin of 152.64% and a negative return on equity of 81.49%. The firm earned $188.30 million during the quarter, compared to analysts’ expectations of $173.16 million. During the same quarter in the prior year, the firm posted ($1.42) EPS. On average, equities analysts predict that Enerplus Corp. will post ($1.16) earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.007 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, November 28th. Enerplus Corp.’s dividend payout ratio is presently -2.37%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Enerplus Corp. during the second quarter worth $100,000. Advisor Group Inc. acquired a new position in shares of Enerplus Corp. during the second quarter worth $111,000. San Francisco Sentry Investment Group CA raised its position in shares of Enerplus Corp. by 1.6% in the second quarter. San Francisco Sentry Investment Group CA now owns 17,016 shares of the company’s stock worth $112,000 after buying an additional 262 shares in the last quarter. Creative Planning raised its position in shares of Enerplus Corp. by 27.5% in the second quarter. Creative Planning now owns 18,706 shares of the company’s stock worth $123,000 after buying an additional 4,029 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Enerplus Corp. by 242.5% in the third quarter. Tower Research Capital LLC TRC now owns 20,421 shares of the company’s stock worth $131,000 after buying an additional 14,458 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

About Enerplus Corp.

Enerplus Corporation is an 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.

5 Day Chart for NYSE:ERF

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