Enerplus (ERF) Price Target Raised to C$18.00 at GMP Securities
A number of other equities research analysts have also issued reports on the company. TD Securities increased their price target on Enerplus from C$15.00 to C$17.00 and gave the company a buy rating in a research report on Friday, December 15th. National Bank Financial increased their price target on Enerplus from C$15.00 to C$21.00 and gave the company an outperform rating in a research report on Tuesday, January 9th. Barclays increased their price target on Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Raymond James Financial increased their price target on Enerplus from C$15.00 to C$15.50 and gave the company an outperform rating in a research report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$16.00 price target on shares of Enerplus in a research report on Thursday, December 14th. Seven analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$18.27.
Shares of Enerplus (TSE ERF) opened at C$14.04 on Thursday. The stock has a market capitalization of $3,420.00, a PE ratio of 14.63 and a beta of 1.04. Enerplus has a 12-month low of C$8.97 and a 12-month high of C$15.06.
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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).
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