Enerplus Corporation (ERF) Stock Is An 52-Week High Flier

January 14, 2018 - By Marie Mckinney

The stock of Enerplus Corporation (NYSE:ERF) hit a new 52-week high and has $11.53 target or 6.00 % above today’s $10.88 share price. The 9 months bullish chart indicates low risk for the $2.59 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $11.53 price target is reached, the company will be worth $155.58 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.54% or $0.27 during the last trading session, reaching $10.88. About 1.25 million shares traded or 24.82% up from the average. Enerplus Corporation (NYSE:ERF) has risen 69.92% since January 14, 2017 and is uptrending. It has outperformed by 53.22% the S&P500.

Analysts await Enerplus Corporation (NYSE:ERF) to report earnings on February, 23. They expect $0.12 EPS, 0.00 % or $0.00 from last year’s $0.12 per share. ERF’s profit will be $28.60 million for 22.67 P/E if the $0.12 EPS becomes a reality. After $0.06 actual EPS reported by Enerplus Corporation for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Enerplus Corporation (NYSE:ERF) Ratings Coverage

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enerplus Corp has $14.5 highest and $9.50 lowest target. $11.60’s average target is 6.62% above currents $10.88 stock price. Enerplus Corp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, August 17 the stock rating was initiated by Canaccord Genuity with “Buy”. RBC Capital Markets maintained Enerplus Corporation (NYSE:ERF) rating on Monday, November 9. RBC Capital Markets has “Outperform” rating and $13 target. As per Monday, June 6, the company rating was reinitiated by Raymond James. On Friday, February 10 the stock rating was upgraded by BMO Capital Markets to “Outperform”. FirstEnergy Capital upgraded Enerplus Corporation (NYSE:ERF) rating on Monday, August 10. FirstEnergy Capital has “Market Perform” rating and $12.50 target. The company was downgraded on Friday, January 8 by Macquarie Research. The firm earned “Outperform” rating on Friday, December 18 by Raymond James. The company was upgraded on Monday, November 9 by UBS. The company was upgraded on Monday, June 6 by Macquarie Research.

More notable recent Enerplus Corporation (NYSE:ERF) news were published by: Fool.ca which released: “3 Reasons to Avoid Enerplus Corp and its 10.4% Dividend” on December 17, 2014, also Fool.ca with their article: “Which Is a Better Buy Now: Enerplus Corp or Crescent Point Energy Corp?” published on April 15, 2015, Fool.ca published: “Should You Buy Enerplus Corp After it Cut Its Dividend?” on February 24, 2015. More interesting news about Enerplus Corporation (NYSE:ERF) were released by: Fool.ca and their article: “3 Big Changes Are Coming to Enerplus Corp.” published on November 12, 2015 as well as Dividend.com‘s news article titled: “Enerplus Corporation” with publication date: March 11, 2011.

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of natural gas and crude oil in the United States and Canada. The company has market cap of $2.59 billion. The companyÂ’s oil and natural gas properties are located primarily in North Dakota, Montana, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. It has a 3.21 P/E ratio. As of December 31, 2016, it had proved plus probable gross reserves of approximately 14.3 million barrels of light and medium crude oil; 39.0 MMbbls of heavy crude oil; 123.0 MMbbls of tight oil; 18.1 MMbbls of natural gas liquids; 126.3 billion cubic feet (Bcf) of conventional natural gas; and 1,002.8 Bcf of shale gas.

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