The stock of Enerplus Corp (USA) (NYSE:ERF) hit a new 52-week high and has $12.12 target or 54.00% above today’s $7.87 share price. The 6 months bullish chart indicates low risk for the $1.94 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $12.12 price target is reached, the company will be worth $1.05B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 493,178 shares traded hands. Enerplus Corp (USA) (NYSE:ERF) has risen 41.18% since April 19, 2016 and is uptrending. It has outperformed by 37.32% the S&P500.
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. The firm has “Outperform” rating given on Monday, November 9 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, January 8 by Macquarie Research. On Monday, August 10 the stock rating was upgraded by FirstEnergy Capital to “Market Perform”. The stock of Enerplus Corp (USA) (NYSE:ERF) has “Buy” rating given on Monday, November 9 by UBS. The firm earned “Outperform” rating on Monday, June 6 by Macquarie Research. The firm earned “Outperform” rating on Friday, December 18 by Raymond James. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, August 17. The stock of Enerplus Corp (USA) (NYSE:ERF) earned “Outperform” rating by Raymond James 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 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 published the news titled: “Should Enerplus Corp. Be Your Top Energy Pick?” on October 08, 2015. Fool.ca‘s news article titled: “The Cuts Keep Coming at Enerplus Corp.” with publication date: February 25, 2016 was also an interesting one.
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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