The stock of Enerplus Corp (TSE:ERF) is a huge mover today! About 425,068 shares traded hands. Enerplus Corp (TSE:ERF) has risen 53.18% since April 22, 2016 and is uptrending. It has outperformed by 47.17% the S&P500.
The move comes after 7 months positive chart setup for the $2.47B company. It was reported on Nov, 28 by Barchart.com. We have $11.07 PT which if reached, will make TSE:ERF worth $98.80 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. $13 is the highest target while $5.75 is the lowest. The $10.22 average target is -3.95% below today’s ($10.64) stock price. Enerplus Corp has been the topic of 21 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, June 1 by RBC Capital Markets. Macquarie Research upgraded the stock to “Outperform” rating in Monday, June 6 report. As per Tuesday, January 26, the company rating was maintained by RBC Capital Markets. As per Tuesday, January 12, the company rating was downgraded by National Bank Canada. The firm has “Outperform” rating given on Wednesday, June 15 by IBC. As per Monday, June 6, the company rating was maintained by Raymond James. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities.
More news for Enerplus Corp (TSE:ERF) were recently published by: Business.Financialpost.com, which released: “What Enerplus Corp might do with its Marcellus sale proceeds” on October 18, 2016. Fool.ca‘s article titled: “Energy Investors: Encana Corporation or Enerplus Corp.?” and published on May 05, 2016 is yet another important article.
Enerplus Corporation is an energy producer. The company has a market cap of $2.47 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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