Insider Buying: Enerplus Corp (ERF) Director Buys 5,000 Shares of Stock

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Enerplus Corp (TSE:ERF) (NYSE:ERF) Director Elliott Pew purchased 5,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of C$11.17 per share, for a total transaction of C$55,850.00.

Shares of TSE ERF traded up C$0.23 during trading hours on Friday, hitting C$15.05. 1,150,934 shares of the stock were exchanged, compared to its average volume of 1,072,139. Enerplus Corp has a one year low of C$10.55 and a one year high of C$18.04.

The company also recently disclosed a sep 18 dividend, which will be paid on Friday, September 14th. Investors of record on Thursday, August 30th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, August 29th.

Several research analysts have recently commented on ERF shares. Canaccord Genuity increased their price target on shares of Enerplus from C$18.00 to C$21.00 in a research note on Tuesday, July 10th. Raymond James increased their price target on shares of Enerplus from C$20.00 to C$23.50 in a research note on Thursday, July 5th. CIBC dropped their price target on shares of Enerplus to C$22.00 in a research note on Friday, July 20th. National Bank Financial upped their price objective on shares of Enerplus from C$18.50 to C$25.00 and gave the stock a “c$17.01” rating in a report on Wednesday, July 18th. Finally, BMO Capital Markets upped their price objective on shares of Enerplus from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. Six analysts have rated the stock with a buy rating, Enerplus currently has an average rating of “Buy” and an average price target of C$20.46.

Enerplus 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. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

Further Reading: Closed-End Mutual Funds

Insider Buying and Selling by Quarter for Enerplus (TSE:ERF)

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