Enerplus Corp (TSE:ERF) (NYSE:ERF) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$17.59.
Several analysts recently issued reports on ERF shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a report on Friday, November 10th. TD Securities upped their price target on shares of Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, December 15th. National Bank Financial upped their price target on shares of Enerplus from C$15.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Barclays upped their price target on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Finally, Raymond James Financial upped their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th.
Enerplus (TSE ERF) traded up C$0.38 on Wednesday, reaching C$13.21. 958,692 shares of the company traded hands, compared to its average volume of 1,226,778. The firm has a market capitalization of $3,150.00, a PE ratio of 3.20 and a beta of 1.10. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$14.54.
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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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