Enerplus (TSE:ERF) (NYSE:ERF) had its price target upped by investment analysts at GMP Securities from C$17.00 to C$18.00 in a report released on Thursday. GMP Securities’ price target suggests a potential upside of 29.22% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. TD Securities boosted their target price on Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. National Bank Financial boosted their target price on Enerplus from C$15.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Barclays boosted their target price on Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Raymond James Financial boosted their target price on Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a research report on Thursday, December 14th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of C$18.27.
Enerplus (TSE ERF) traded down C$0.26 during mid-day trading on Thursday, hitting C$13.93. The stock had a trading volume of 1,179,789 shares, compared to its average volume of 1,243,018. The company has a market capitalization of $3,520.00, a P/E ratio of 14.52 and a beta of 1.10. Enerplus has a 12 month low of C$8.97 and a 12 month high of C$15.06.
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).
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.