How Raymond James Currently Rates Enerplus Corp (NYSE:ERF)
In a recent research report sent to investors and clients today, Raymond James analysts have initiated Enerplus Corp (NYSE:ERF) coverage with Outperform rating.
From a total of 6 analysts covering Enerplus Corp (NYSE:ERF) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $9.33 while the lowest target price is $6.46. The mean of all analyst targets is $7.45 with a 256.92% above today’s ($3.25) stock price. Enerplus Corp was the topic of 8 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 9 with “Outperform” rating. FirstEnergy Capital upgraded ERF stock in a recent report from August 10 to “Market Perform” rating.
The stock increased 6.56% or $0.2 during the last trading session, striking $3.25. Approximately 2.17 million shares of stock traded hands or 5.85% up from the average. Enerplus Corp (USA) (NYSE:ERF) has declined 71.55% since May 15, 2015 and is downtrending. It has underperformed by 67.74% the S&P500.
Enerplus Corporation is a Canada-based energy producer. The company has a market cap of $633.22 million. The Company’s capital program is focused on the development of its natural gas and crude oil 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. It currently has negative earnings. The Company’s oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia and Saskatchewan, and in the United States, primarily in the states of Montana, North Dakota, Pennsylvania and West Virginia.
According to Zacks Investment Research, “Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company with resources across Western Canada and the United States. The Company’s resource plays include shallow gas/coal bed methane, tight gas, crude oil waterfloods, Bakken/Tight oil and oil sands located in British Columbia, Alberta, Saskatchewan and Manitoba. Enerplus Corporation is based in Alberta, Canada.”