Enerplus Corp (ERF) Receives Average Rating of “Buy” from Analysts
Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is C$15.77.
ERF has been the subject of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a research note on Friday, November 10th. Barclays raised their price objective on Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. Raymond James Financial raised their price objective on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. TD Securities raised their price objective on Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, National Bank Financial raised their price target on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.
Enerplus (ERF) traded up C$0.16 during trading hours on Friday, hitting C$11.91. The stock had a trading volume of 1,360,255 shares, compared to its average volume of 1,131,646. Enerplus has a 1-year low of C$8.97 and a 1-year high of C$13.55.
In related news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total transaction of C$243,800.00.
Enerplus Company Profile
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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