Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective lifted by TD Securities from C$15.00 to C$15.50 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. TD Securities’ price objective would suggest a potential upside of 24.40% from the stock’s previous close.
ERF has been the topic of several other reports. BMO Capital Markets reissued an “outperform” rating and set a C$16.00 price target on shares of Enerplus Corp in a research report on Friday. Barclays PLC upped their price target on Enerplus Corp from C$14.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. upped their price target on Enerplus Corp from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Monday, August 14th. Finally, National Bank Financial upped their price target on Enerplus Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday. Ten equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$15.68.
Shares of Enerplus Corp (TSE:ERF) opened at C$12.46 on Friday. Enerplus Corp has a 52-week low of C$8.50 and a 52-week high of C$13.55.
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In related news, Director Glen Dawson Roane sold 20,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total transaction of C$243,800.00.
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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