Enerplus (TSE:ERF) (NYSE:ERF) had its price target increased by research analysts at Royal Bank of Canada from C$13.00 to C$16.00 in a report issued on Monday. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 8.77% from the company’s current price.
ERF has been the topic of a number of other research reports. Barclays raised their price objective on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a report on Friday, November 10th. National Bank Financial raised their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TD Securities raised their price objective on shares of Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, CIBC raised their price objective on shares of Enerplus from C$16.50 to C$17.50 in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a buy rating, Enerplus has a consensus rating of “Buy” and an average price target of C$18.30.
Enerplus (TSE ERF) opened at C$14.71 on Monday. The stock has a market cap of $3,580.00, a P/E ratio of 3.56 and a beta of 1.10. Enerplus has a 1-year low of C$8.97 and a 1-year 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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