Stifel Nicolaus Lowers Enerplus (TSE:ERF) Price Target to C$27.75

Enerplus (TSE:ERFFree Report) (NYSE:ERF) had its target price reduced by Stifel Nicolaus from C$30.50 to C$27.75 in a report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the oil and natural gas company’s stock.

Several other equities research analysts also recently issued reports on ERF. BMO Capital Markets boosted their price objective on Enerplus from C$22.00 to C$24.00 in a report on Monday, October 16th. ATB Capital cut their price target on Enerplus from C$27.00 to C$26.50 in a report on Tuesday, January 2nd. Scotiabank upped their price target on Enerplus from C$25.00 to C$27.00 and gave the stock a sector perform rating in a report on Friday, November 3rd. Desjardins cut their price target on Enerplus from C$23.00 to C$20.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada upped their price objective on Enerplus from C$21.00 to C$22.00 and gave the stock an outperform rating in a research report on Monday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$24.75.

Read Our Latest Stock Analysis on Enerplus

Enerplus Stock Performance

TSE ERF opened at C$21.42 on Friday. The stock’s fifty day moving average is C$19.82 and its two-hundred day moving average is C$21.82. The firm has a market capitalization of C$4.40 billion, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 0.25 and a beta of 2.52. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.61 and a current ratio of 0.87. Enerplus has a fifty-two week low of C$17.65 and a fifty-two week high of C$24.74.

Enerplus Company Profile

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Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.

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