Enerplus Corp (ERF) Price Target Increased to C$15.50 by Analysts at TD Securities
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price target lifted by stock analysts at TD Securities from C$15.00 to C$15.50 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. TD Securities’ price objective would suggest a potential upside of 24.40% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. National Bank Financial increased their price target on shares of Enerplus Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday. Raymond James Financial, Inc. increased their price target on shares of Enerplus Corp from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a C$16.00 price target on shares of Enerplus Corp in a report on Friday. Finally, Barclays PLC cut their price target on shares of Enerplus Corp from C$15.00 to C$14.00 in a report on Monday, July 24th. Ten research analysts have rated the stock with a buy rating, Enerplus Corp presently has a consensus rating of “Buy” and an average target price of C$15.68.
Enerplus Corp (TSE ERF) remained flat at $C$12.46 during trading hours on Friday. 516,589 shares of the company traded hands, compared to its average volume of 1,290,000. Enerplus Corp has a 52-week low of C$8.50 and a 52-week high of C$13.55.
In other news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.
About Enerplus Corp
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).
Receive News & Ratings for Enerplus Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corp and related companies with MarketBeat.com's FREE daily email newsletter.