Enerplus Corp Just Reaches 52-Week High?

 Enerplus Corp Just Reaches 52 Week High?

The stock of Enerplus Corp (TSE:ERF) hit a new 52-week high and has $11.75 target or 4.00% above today’s $11.30 share price. The 7 months bullish chart indicates low risk for the $2.57 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $11.75 price target is reached, the company will be worth $102.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 360,293 shares traded hands. Enerplus Corp (TSE:ERF) has risen 48.87% since April 26, 2016 and is uptrending. It has outperformed by 43.65% the S&P500.

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. $14 is the highest target while $5.75 is the lowest. The $10.60 average target is -6.19% below today’s ($11.3) stock price. Enerplus Corp has been the topic of 22 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The stock of Enerplus Corp (TSE:ERF) has “” rating given on Monday, June 6 by Raymond James. The stock of Enerplus Corp (TSE:ERF) has “Outperform” rating given on Wednesday, June 15 by IBC. The stock of Enerplus Corp (TSE:ERF) earned “Outperform” rating by Macquarie Research on Monday, June 6. The firm has “Outperform” rating given on Tuesday, January 26 by RBC Capital Markets. The company was maintained on Tuesday, June 28 by Desjardins Securities. The firm earned “Sector Perform” rating on Tuesday, January 12 by National Bank Canada. RBC Capital Markets maintained it with “Outperform” rating and $9 target price in Wednesday, June 1 report.

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 $2.57 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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