Enerplus Corp (ERF) PT Raised to C$16.00

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price target boosted by investment analysts at Barclays PLC from C$15.00 to C$16.00 in a note issued to investors on Monday. Barclays PLC’s target price suggests a potential upside of 28.41% from the company’s current price.

Several other analysts also recently issued reports on the company. TD Securities upped their price target on Enerplus Corp from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial, Inc. upped their price target on Enerplus Corp from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial upped their price target on Enerplus Corp from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$16.00 price target on shares of Enerplus Corp in a research note on Friday. Ten research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$15.77.

Enerplus Corp (TSE:ERF) remained flat at $C$12.46 on Monday. The stock had a trading volume of 1,020,789 shares, compared to its average volume of 1,137,146. Enerplus Corp has a one year low of C$8.50 and a one year high of C$13.55.

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In related news, Director Glen Dawson Roane sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$11.92, for a total transaction of C$238,400.00.

Enerplus Corp Company Profile

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).

Analyst Recommendations for Enerplus Corp (TSE:ERF)

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