Price Action Don’t Lie: Could Enerplus Corp (USA) See a Reversal After This Very Strong Session?

Price Action Don't Lie: Could Enerplus Corp (USA) See a Reversal After This Very Strong Session?

The stock of Enerplus Corp (USA) (NYSE:ERF) is a huge mover today! About 1.58 million shares traded hands or 37.39% up from the average. Enerplus Corp (USA) (NYSE:ERF) has risen 32.55% since April 27, 2016 and is uptrending. It has outperformed by 27.33% the S&P500.
The move comes after 9 months positive chart setup for the $1.97 billion company. It was reported on Nov, 30 by Barchart.com. We have $9.30 PT which if reached, will make NYSE:ERF worth $137.90M more.

Analysts await Enerplus Corp (USA) (NYSE:ERF) to report earnings on February, 17.

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 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) has “Market Perform” rating given on Monday, August 10 by FirstEnergy Capital. Raymond James reinitiated the shares of ERF in a report on Monday, June 6 with “Outperform” rating. The firm has “Outperform” rating given on Monday, November 9 by RBC Capital Markets. The stock of Enerplus Corp (USA) (NYSE:ERF) has “Buy” rating given on Monday, November 9 by UBS. Raymond James initiated the shares of ERF in a report on Friday, December 18 with “Outperform” rating. The firm earned “Neutral” rating on Friday, January 8 by Macquarie Research. Macquarie Research upgraded the stock to “Outperform” rating in Monday, June 6 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 news for Enerplus Corp (USA) (NYSE:ERF) were recently published by: Fool.ca, which released: “Energy Investors: Encana Corporation or Enerplus Corp.?” on May 05, 2016. Fool.ca‘s article titled: “Should Enerplus Corp. Be Your Top Energy Pick?” and published on October 08, 2015 is yet another important article.

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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