Enerplus (TSE:ERF) (NYSE:ERF) had its price objective upped by Raymond James Financial from C$18.25 to C$19.00 in a research note published on Monday. They currently have an outperform rating on the oil and natural gas company’s stock.
Several other research analysts also recently commented on ERF. Desjardins raised their price target on shares of Enerplus from C$16.00 to C$17.50 in a report on Monday. CIBC raised their price target on shares of Enerplus from C$17.50 to C$18.50 in a report on Monday. Canaccord Genuity raised their price target on shares of Enerplus from C$16.50 to C$17.00 in a report on Monday. Barclays raised their price target on shares of Enerplus from C$18.00 to C$20.00 in a report on Monday. Finally, National Bank Financial raised their price target on shares of Enerplus from C$21.00 to C$22.00 and gave the company an outperform rating in a report on Monday. Seven investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of C$18.27.
Enerplus (ERF) opened at C$13.95 on Monday. Enerplus has a fifty-two week low of C$8.97 and a fifty-two week high of C$15.06. The company has a market cap of $3,400.00, a price-to-earnings ratio of 14.53 and a beta of 1.10.
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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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