BMO Capital Markets Reiterates “Outperform” Rating for Enerplus (ERF)
Enerplus (TSE:ERF) (NYSE:ERF)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a research note issued on Thursday, StockTargetPrices.com reports. They currently have a C$16.00 price target on the oil and natural gas company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 43.37% from the stock’s previous close.
ERF has been the subject of a number of other reports. National Bank Financial increased their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. TD Securities increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Friday, November 10th. Raymond James Financial increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Barclays increased their price objective on shares of Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. Seven research analysts have rated the stock with a buy rating, Enerplus presently has a consensus rating of “Buy” and an average price target of C$15.61.
Shares of Enerplus (TSE ERF) traded down C$0.29 during midday trading on Thursday, hitting C$11.16. 1,349,629 shares of the stock were exchanged, compared to its average volume of 1,122,737. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$13.35.
TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/14/bmo-capital-markets-reiterates-outperform-rating-for-enerplus-erf.html.
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).
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.