The stock of Enerplus Corp (USA) (NYSE:ERF) is a huge mover today! About 804,618 shares traded hands. Enerplus Corp (USA) (NYSE:ERF) has risen 106.67% since March 15, 2016 and is uptrending. It has outperformed by 101.18% the S&P500.
The move comes after 7 months positive chart setup for the $1.73 billion company. It was reported on Oct, 18 by Barchart.com. We have $12.02 PT which if reached, will make NYSE:ERF worth $1.11 billion 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) on Monday, November 9 with “Outperform” rating. Canaccord Genuity initiated the shares of ERF in a report on Wednesday, August 17 with “Buy” rating. The stock of Enerplus Corp (USA) (NYSE:ERF) earned “Buy” rating by UBS on Monday, November 9. The company was reinitiated on Monday, June 6 by Raymond James. The firm has “Neutral” rating by Macquarie Research given on Friday, January 8. FirstEnergy Capital upgraded Enerplus Corp (USA) (NYSE:ERF) rating on Monday, August 10. FirstEnergy Capital has “Market Perform” rating and $12.50 price target. On Friday, December 18 the stock rating was initiated by Raymond James with “Outperform”. The firm has “Outperform” rating by Macquarie Research given on Monday, June 6.
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 Big Changes Are Coming to Enerplus Corp.” published on November 12, 2015 as well as Fool.ca‘s news article titled: “3 Reasons to Avoid Enerplus Corp and its 10.4% Dividend” with publication date: December 17, 2014.
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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