Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective increased by stock analysts at Barclays PLC from C$15.00 to C$16.00 in a research note issued to investors on Monday. Barclays PLC’s price target would suggest a potential upside of 35.82% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 target price on shares of Enerplus Corp in a research report on Friday, November 10th. Raymond James Financial, Inc. raised their price target on shares of Enerplus Corp from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Friday, November 10th. TD Securities raised their price target on shares of Enerplus Corp 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 raised their price target on shares of Enerplus Corp from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Ten research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$15.77.
Shares of Enerplus Corp (TSE ERF) opened at C$11.78 on Monday. Enerplus Corp has a 52-week low of C$8.97 and a 52-week high of C$13.55.
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In other news, Director Glen Dawson Roane sold 20,000 shares of Enerplus Corp stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$11.92, for a total transaction of C$238,400.00.
About Enerplus Corp
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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