What’s Ahead for Enerplus Corp After Today’s Huge Decline?


The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 1.14M shares traded hands or 3.64% up from the average. Enerplus Corp (TSE:ERF) has risen 93.95% since February 5, 2016 and is uptrending. It has outperformed by 77.46% the S&P500.
The move comes after 8 months negative chart setup for the $1.91B company. It was reported on Sep, 13 by Barchart.com. We have $7.34 PT which if reached, will make TSE:ERF worth $171.90M less.

Out of 3 analysts covering Enerplus Corp (TSE:ERF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Enerplus Corp has been the topic of 18 analyst reports since September 16, 2015 according to StockzIntelligence Inc.

Enerplus Corporation is an energy producer. The company has a market cap of $1.91 billion. The Company’s capital program is focused on the development of its natural gas and crude oil 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. It currently has negative earnings. The Company’s Canadian crude oil properties production averaged approximately 18,978 barrels of oil equivalent per day .

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