Enerplus (ERF) PT Raised to C$21.00 at National Bank Financial
Enerplus (TSE:ERF) (NYSE:ERF) had its price target lifted by National Bank Financial from C$15.00 to C$21.00 in a report published on Tuesday. National Bank Financial currently has an outperform rating on the oil and natural gas company’s stock.
Other equities research analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company a buy rating in a research report on Friday, November 10th. Raymond James Financial raised their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company an outperform rating in a research report on Friday, November 10th. BMO Capital Markets reissued an outperform rating and set a C$16.00 price target on shares of Enerplus in a research report on Thursday, December 14th. Finally, Barclays raised their price target on shares of Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$16.44.
Shares of Enerplus (TSE:ERF) opened at C$13.55 on Tuesday. The firm has a market cap of $3,280.00, a P/E ratio of 3.28 and a beta of 1.01. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$13.68.
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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