The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 403,156 shares traded hands. Enerplus Corp (TSE:ERF) has risen 95.62% since March 11, 2016 and is uptrending. It has outperformed by 90.13% the S&P500.
The move comes after 8 months positive chart setup for the $2.27B company. It was reported on Oct, 18 by Barchart.com. We have $12.79 PT which if reached, will make TSE:ERF worth $749.10M more.
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 0.10% above today’s ($9.62) stock price. Enerplus Corp has been the topic of 18 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Macquarie Research on Monday, June 6. IBC initiated Enerplus Corp (TSE:ERF) rating on Wednesday, June 15. IBC has “Outperform” rating and $10.50 price target. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The stock of Enerplus Corp (TSE:ERF) has “” rating given on Tuesday, June 28 by Desjardins Securities. The firm earned “Outperform” rating on Wednesday, June 1 by RBC Capital Markets. On Tuesday, January 12 the stock rating was downgraded by National Bank Canada to “Sector Perform”. RBC Capital Markets maintained it with “Outperform” rating and $8 target price in Tuesday, January 26 report.
More recent Enerplus Corp (TSE:ERF) news were published by: Cbc.ca which released: “Enerplus Corp to sell $193 million in Alberta assets” on January 12, 2016. Also Reuters.com published the news titled: “Enerplus seeks buyer for Marcellus natural gas assets -sources” on October 04, 2016. Fool.ca‘s news article titled: “Energy Investors: Encana Corporation or Enerplus Corp.?” with publication date: May 05, 2016 was also an interesting one.
Enerplus Corporation is an energy producer. The company has a market cap of $2.27 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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