Is Selling Enerplus Corp Here a Winning Strategy?

 Is Selling Enerplus Corp Here a Winning Strategy?

The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 417,728 shares traded hands. Enerplus Corp (TSE:ERF) has risen 59.22% since April 12, 2016 and is uptrending. It has outperformed by 54.53% the S&P500.
The move comes after 5 months negative chart setup for the $2.65 billion company. It was reported on Nov, 16 by Barchart.com. We have $9.30 PT which if reached, will make TSE:ERF worth $132.50 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. $13 is the highest target while $5.75 is the lowest. The $10.22 average target is 4.39% above today’s ($9.79) stock price. Enerplus Corp has been the topic of 21 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The rating was maintained by Raymond James on Monday, June 6 with “”. IBC initiated the stock with “Outperform” rating in Wednesday, June 15 report. RBC Capital Markets maintained Enerplus Corp (TSE:ERF) on Tuesday, January 26 with “Outperform” rating. The company was downgraded on Tuesday, January 12 by National Bank Canada. RBC Capital Markets maintained Enerplus Corp (TSE:ERF) on Wednesday, June 1 with “Outperform” rating. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities. The company was upgraded on Monday, June 6 by Macquarie Research.

More recent Enerplus Corp (TSE:ERF) news were published by: Seekingalpha.com which released: “Enerplus Is A Cheap Growth Stock” on November 16, 2016. Also Business.Financialpost.com published the news titled: “What Enerplus Corp might do with its Marcellus sale proceeds” on October 18, 2016. Cbc.ca‘s news article titled: “Enerplus Corp to sell $193 million in Alberta assets” with publication date: January 12, 2016 was also an interesting one.

Enerplus Corporation is an energy producer. The company has a market cap of $2.65 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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