A Reversal for Enerplus Corp Is Not Near. The Stock Declines Again

 A Reversal for Enerplus Corp Is Not Near. The Stock Declines Again

The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 827,880 shares traded hands. Enerplus Corp (TSE:ERF) has risen 103.20% since March 10, 2016 and is uptrending. It has outperformed by 97.59% the S&P500.
The move comes after 9 months negative chart setup for the $2.21B company. It was reported on Oct, 17 by Barchart.com. We have $8.74 PT which if reached, will make TSE:ERF worth $132.60M less.

Enerplus Corp (TSE:ERF) Ratings Coverage

Out of 3 analysts covering Enerplus Corp (TSE:ERF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $12 is the highest target while $5.75 is the lowest. The $9.63 average target is 3.55% above today’s ($9.3) stock price. Enerplus Corp has been the topic of 18 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained the shares of ERF in a report on Tuesday, June 28 with “” rating. The firm earned “Outperform” rating on Wednesday, June 15 by IBC. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, January 26. The stock of Enerplus Corp (TSE:ERF) earned “Sector Perform” rating by National Bank Canada on Tuesday, January 12. As per Monday, June 6, the company rating was upgraded by Macquarie Research. As per Monday, June 6, the company rating was maintained by Raymond James. The stock of Enerplus Corp (TSE:ERF) earned “Outperform” rating by RBC Capital Markets on Wednesday, June 1.

More recent Enerplus Corp (TSE:ERF) news were published by: Seekingalpha.com which released: “Enerplus: The Marcellus Divestiture May Highlight ‘Hidden Value'” on October 06, 2016. Also Cbc.ca published the news titled: “Enerplus Corp to sell $193 million in Alberta assets” on January 12, 2016. Reuters.com‘s news article titled: “Enerplus seeks buyer for Marcellus natural gas assets -sources” with publication date: October 04, 2016 was also an interesting one.

Enerplus Corporation is an energy producer. The company has a market cap of $2.21 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 .

ERF Company Profile

Enerplus Corporation, incorporated on August 12, 2010, is an energy producer. 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. The Company’s oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia and Saskatchewan, and in the United States, primarily in the states of Montana, North Dakota, Pennsylvania and West Virginia.

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