Enerplus Corp’s Stock Is Buy After Today’s Huge Increase

 Enerplus Corp's Stock Is Buy After Today's Huge Increase

The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 281,251 shares traded hands. Enerplus Corp (TSE:ERF) has risen 76.98% since April 1, 2016 and is uptrending. It has outperformed by 75.03% the S&P500.
The move comes after 8 months positive chart setup for the $2.09 billion company. It was reported on Nov, 7 by Barchart.com. We have $10.78 PT which if reached, will make TSE:ERF worth $418.00 million 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 $10.11 average target is 12.58% above today’s ($8.98) stock price. 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. Macquarie Research upgraded Enerplus Corp (TSE:ERF) on Monday, June 6 to “Outperform” rating. The stock of Enerplus Corp (TSE:ERF) has “Outperform” rating given on Tuesday, January 26 by RBC Capital Markets. The company was initiated on Wednesday, June 15 by IBC. The firm has “Sector Perform” rating by National Bank Canada given on Tuesday, January 12. Raymond James maintained the shares of ERF in a report on Monday, June 6 with “” rating. As per Tuesday, June 28, the company rating was maintained by Desjardins Securities.

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 $2.09 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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