RBC Capital Markets disclosed Enerplus Corp (TSE:ERF), boosting its price target to $12.00 earlier today
- Updated: October 18, 2016
Boasting a price of $0.00, Enerplus Corp (TSE:ERF) traded 1.81% higher on the day. The last stock close price is down 21.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $8.75 and a 200-day moving average of $7.87. Trade Volume was down over the average, with 1,065,485 shares of ERF changing hands under the typical 1,313,610
Reporting a potential upside of 0%, RBC Capital Markets upped the price target of Enerplus Corp (TSE:ERF) to $12.00
On 8/17/2016, BMO Capital Markets released a statement about Enerplus Corp (TSE:ERF) upped the target price from $0.00 to $11.00 that suggested an upside of 0.18%.
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Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.06 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $8.43 with 1 firm rating the stock a strong buy, 8 equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis 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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