Enerplus Corp (TSE:ERF) target price raised to $14.00, issued a report today by CSFB
- Updated: November 28, 2016
Displaying a price of $10.69, Enerplus Corp (TSE:ERF) traded 1.13% higher on the day. With the last close up 24.99% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Enerplus Corp has recorded a 50-day average of $9.63 and a two hundred day average of $8.57. Volume of trade was down over the average, with 893,210 shares of ERF changing hands under the typical 1,474,800
Enerplus Corp (TSE:ERF) had its stock price target increased to $14.00 by CSFB in an issued report announced 11/28/2016. The latest target price indicates a possible upside of 0.31% based on the company's most recent stock price close.
On 11/15/2016, National Bank Financial released a statement for Enerplus Corp (TSE:ERF) bumped up the target price from $0.00 to $14.50 that suggested an upside of 0.48%.
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Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $11.09 The company’s market cap is currently $0.
In addition to CSFB reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $8.79 with 1 firm rating the stock a strong buy, 10 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Enerplus Corp (TSE:ERF)
Enerplus Corporation is an energy producer. The Company's capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania. Its Canadian crude oil properties production averaged approximately 18,978 barrels of oil equivalent per day (BOE/day). Its Canadian crude oil portfolio includes Mannville producers Medicine Hat Glauconitic, Brooks and Giltedge, as well as Progress (a Boundary Lake producer), all of which are located in Alberta, and Freda Lake/Neptune, located in Saskatchewan and producing from the Mississippian Ratcliffe. Its primary United States crude oil properties are located in the Fort Berthold region of North Dakota and in Richland County, Montana. Its United States natural gas properties primarily consist of its non-operated Marcellus shale gas interests located in northeastern Pennsylvania.
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