Could Enerplus Corp See a Reversal After This Very Weak Session?

 Could Enerplus Corp See a Reversal After This Very Weak Session?

The stock of Enerplus Corp (TSE:ERF) is a huge mover today! The stock decreased 3.31% or $0.31 on November 2, hitting $9.05. About 1.86M shares traded hands or 6.29% up from the average. Enerplus Corp (TSE:ERF) has risen 92.20% since March 29, 2016 and is uptrending. It has outperformed by 89.67% the S&P500.
The move comes after 8 months negative chart setup for the $2.26B company. It was reported on Nov, 2 by Barchart.com. We have $8.51 PT which if reached, will make TSE:ERF worth $135.60 million 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. Enerplus Corp has been the topic of 20 analyst reports since September 16, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of ERF in a report on Wednesday, June 1 with “Outperform” rating. On Tuesday, January 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was initiated by IBC with “Outperform” on Wednesday, June 15. The stock has “” rating given by Raymond James on Monday, June 6. The stock of Enerplus Corp (TSE:ERF) has “” rating given on Tuesday, June 28 by Desjardins Securities. The company was downgraded on Tuesday, January 12 by National Bank Canada. The company was upgraded on Monday, June 6 by Macquarie Research.

More recent Enerplus Corp (TSE:ERF) news were published by: Business.Financialpost.com which released: “What Enerplus Corp might do with its Marcellus sale proceeds” on October 18, 2016. Also Cbc.ca published the news titled: “Enerplus Corp to sell $193 million in Alberta assets” on January 12, 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 $2.26 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.TO 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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