The stock of Enerplus Corp (USA) (NYSE:ERF) is a huge mover today! About 678,152 shares traded hands. Enerplus Corp (USA) (NYSE:ERF) has risen 38.76% since April 13, 2016 and is uptrending. It has outperformed by 34.84% the S&P500.
The move comes after 5 months positive chart setup for the $1.82B company. It was reported on Nov, 15 by Barchart.com. We have $9.92 PT which if reached, will make NYSE:ERF worth $691.60 million more.
Enerplus Corp (USA) (NYSE:ERF) Ratings Coverage
Out of 6 analysts covering Enerplus Corp (NYSE:ERF), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Enerplus Corp has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, June 6, the company rating was reinitiated by Raymond James. The stock of Enerplus Corp (USA) (NYSE:ERF) has “Outperform” rating given on Monday, November 9 by RBC Capital Markets. The firm has “Buy” rating by UBS given on Monday, November 9. The stock has “Outperform” rating given by Raymond James on Friday, December 18. The stock of Enerplus Corp (USA) (NYSE:ERF) has “Outperform” rating given on Monday, June 6 by Macquarie Research. Macquarie Research downgraded Enerplus Corp (USA) (NYSE:ERF) on Friday, January 8 to “Neutral” rating. The rating was upgraded by FirstEnergy Capital to “Market Perform” on Monday, August 10. Canaccord Genuity initiated the shares of ERF in a report on Wednesday, August 17 with “Buy” rating.
According to Zacks Investment Research, “Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company with resources across Western Canada and the United States. The Company’s resource plays include shallow gas/coal bed methane, tight gas, crude oil waterfloods, Bakken/Tight oil and oil sands located in British Columbia, Alberta, Saskatchewan and Manitoba. Enerplus Corporation is based in Alberta, Canada.”
More recent Enerplus Corp (USA) (NYSE:ERF) news were published by: Fool.ca which released: “Energy Investors: Encana Corporation or Enerplus Corp.?” on May 05, 2016. Also Fool.ca published the news titled: “Should Enerplus Corp. Be Your Top Energy Pick?” on October 08, 2015. Fool.ca‘s news article titled: “The Cuts Keep Coming at Enerplus Corp.” with publication date: February 25, 2016 was also an interesting one.
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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