The stock of Enerplus Corp (USA) (NYSE:ERF) is a huge mover today! About 1.15M shares traded hands or 16.43% up from the average. Enerplus Corp (USA) (NYSE:ERF) has risen 121.80% since February 29, 2016 and is uptrending. It has outperformed by 109.58% the S&P500.
The move comes after 7 months positive chart setup for the $1.64B company. It was reported on Oct, 4 by Barchart.com. We have $8.67 PT which if reached, will make NYSE:ERF worth $524.80 million more.
Analysts await Enerplus Corp (USA) (NYSE:ERF) to report earnings on November, 4.
Enerplus Corp (USA) (NYSE:ERF) Ratings Coverage
Out of 6 analysts covering Enerplus Corp (NYSE:ERF), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Enerplus Corp has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Enerplus Corp (USA) (NYSE:ERF) rating on Monday, November 9. RBC Capital Markets has “Outperform” rating and $13 price target. The firm earned “Outperform” rating on Friday, December 18 by Raymond James. The stock of Enerplus Corp (USA) (NYSE:ERF) earned “Buy” rating by Canaccord Genuity on Wednesday, August 17. The stock of Enerplus Corp (USA) (NYSE:ERF) earned “Buy” rating by UBS on Monday, November 9. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 8 report. On Monday, June 6 the stock rating was upgraded by Macquarie Research to “Outperform”. As per Monday, June 6, the company rating was reinitiated by Raymond James. FirstEnergy Capital upgraded it to “Market Perform” rating and $12.50 target price in Monday, August 10 report.
According to Zacks Investment Research, “Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company with resources across Western Canada and the United States. The Company’s resource plays include shallow gas/coal bed methane, tight gas, crude oil waterfloods, Bakken/Tight oil and oil sands located in British Columbia, Alberta, Saskatchewan and Manitoba. Enerplus Corporation is based in Alberta, Canada.”
More notable recent Enerplus Corp (USA) (NYSE:ERF) news were published by: Fool.ca which released: “Energy Investors: Encana Corporation or Enerplus Corp.?” on May 05, 2016, also Fool.ca with their article: “Should Enerplus Corp. Be Your Top Energy Pick?” published on October 08, 2015, Fool.ca published: “The Cuts Keep Coming at Enerplus Corp.” on February 25, 2016. More interesting news about Enerplus Corp (USA) (NYSE:ERF) were released by: Fool.ca and their article: “3 Reasons to Avoid Enerplus Corp and its 10.4% Dividend” published on December 17, 2014 as well as Fool.ca‘s news article titled: “3 Big Changes Are Coming to Enerplus Corp.” with publication date: November 12, 2015.
ERF 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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