Enerplus (ERF) Given Outperform Rating at BMO Capital Markets

Enerplus (TSE:ERF) (NYSE:ERF)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a C$16.00 price target on the oil and natural gas company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 43.37% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. National Bank Financial increased their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Raymond James Financial increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. TD Securities increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Barclays increased their price objective on shares of Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$15.61.

Shares of Enerplus (TSE:ERF) traded down C$0.29 during midday trading on Thursday, reaching C$11.16. 1,349,629 shares of the company traded hands, compared to its average volume of 1,122,737. 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 firm’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.

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About Enerplus

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 (TSE:ERF)

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