Enerplus (ERF) Stock Rating Reaffirmed by BMO Capital Markets
Enerplus (TSE:ERF) (NYSE:ERF)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a research note issued to investors on Thursday. They currently have a C$16.00 price objective on the oil and natural gas company’s stock. BMO Capital Markets’ price objective points to a potential upside of 50.66% from the stock’s previous close.
A number of other research analysts also recently weighed in on ERF. Raymond James Financial raised their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Barclays raised their price target on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. TD Securities lifted their target price on shares of Enerplus from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, National Bank Financial lifted their target price on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$15.78.
Enerplus (TSE:ERF) opened at C$10.62 on Thursday. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$13.35.
In other news, Director Glen Dawson Roane sold 20,000 shares of the company’s stock in a transaction that occurred 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.
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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