Enerplus (ERF) Given New C$17.00 Price Target at Barclays
Enerplus (TSE:ERF) (NYSE:ERF) had its price target increased by analysts at Barclays from C$16.00 to C$17.00 in a research report issued to clients and investors on Wednesday. Barclays’ target price suggests a potential upside of 22.92% from the stock’s current price.
ERF has been the topic of several other research reports. National Bank Financial increased their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities increased their target price on Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Friday, November 10th. Raymond James Financial increased their target price on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a research report on Thursday, December 14th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$17.22.
Shares of Enerplus (ERF) traded up C$0.22 during trading hours on Wednesday, reaching C$13.83. The company had a trading volume of 1,430,000 shares, compared to its average volume of 978,157. Enerplus has a 52 week low of C$8.97 and a 52 week high of C$13.92. The company has a market capitalization of $3,350.00, a PE ratio of 3.35 and a beta of 1.01.
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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