Analysts Show Confidence in Enerplus Co. with ‘Strong Buy’ Rating

Enerplus Stock

Enerplus Co. (ERF:NYE) (ERF:TSX) has received an average rating of “Strong Buy” from the eleven analysts covering the company, with one analyst recommending a hold and four suggesting a buy rating. The average 1-year price target among brokers who updated their coverage on the Enerplus stock in the last year is $23.86.

 

Enerplus Stock Price Analysis:

Shares of Enerplus stock traded up by 0.6% on Thursday, opening at $16.13. The company’s 50-day simple moving average is $16.87 and the 200-day simple moving average is $16.62.

Enerplus has a market capitalization of $3.52 billion, a P/E ratio of 4.21, and a beta of 2.19. The company’s 52-week low is $11.00 and its 52-week high is $19.23.

ERF Ratings by Stock Target Advisor

ERF Stock Dividend:

Recently, the company announced a quarterly dividend to be paid on March 15th. Stockholders of record on March 6th will receive a $0.111 dividend, representing an increase from the previous quarterly dividend of $0.06. Enerplus has a dividend payout ratio of 5.48% and a dividend yield of 2.75%.

 

Hedge Funds & Institutional Holdings:

Institutional investors have been modifying their holdings of Enerplus stock. Belpointe Asset Management LLC bought a new position in Enerplus shares in the fourth quarter, while CWM LLC, Bessemer Group Inc., Quantbot Technologies LP, and BNP Paribas Arbitrage SNC also bought new stakes in the company. Institutional investors now own 53.01% of Enerplus stock.

 

Enerplus Stock-Analyst Ratings:

Although Barclays analysts recently issued an “equal weight” rating on Enerplus stock, Scotiabank analysts lowered their price target on the company from C$26.00 to C$25.00. Despite these mixed reports, the majority of analysts covering Enerplus Co. continue to rate it as a “Buy.”

ERF Ratings by Stock Target Advisor

Company Profile:

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, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.

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