Enerplus Corp (ERF) PT Raised to C$15.50 at Raymond James Financial, Inc.
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its target price hoisted by Raymond James Financial, Inc. from C$15.00 to C$15.50 in a report released on Friday. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 24.40% from the stock’s current price.
A number of other equities analysts have also weighed in on ERF. Barclays PLC lifted their price objective on shares of Enerplus Corp from C$14.00 to C$15.00 in a research report on Monday, August 14th. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus Corp in a research report on Friday. TD Securities lifted their price objective on shares of Enerplus Corp from C$13.00 to C$15.00 in a research report on Monday, August 14th. Finally, National Bank Financial lifted their price objective on shares of Enerplus Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday. Ten equities 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 (ERF) opened at C$12.46 on Friday. Enerplus Corp has a 1 year low of C$8.50 and a 1 year high of C$13.55.
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In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total value of C$243,800.00.
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).
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