Enerplus (ERF) Price Target Raised to C$21.00

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective hoisted by stock analysts at National Bank Financial from C$15.00 to C$21.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the oil and natural gas company’s stock. National Bank Financial’s price objective suggests a potential upside of 68.95% from the company’s current price.

A number of other research analysts have also commented on ERF. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a report on Friday, November 10th. TD Securities upped their price objective on Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, December 15th. Barclays upped their price objective on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Finally, Raymond James Financial upped their price objective on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$16.44.

Enerplus (TSE ERF) traded up C$0.04 on Tuesday, reaching C$12.43. The company had a trading volume of 677,845 shares, compared to its average volume of 632,601. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$12.95. The company has a market cap of $3,120.00, a PE ratio of 3.01 and a beta of 1.01.

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Enerplus Company Profile

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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