Company Shares of Enerplus Corporation Rally 4.36%

Enerplus Corporation (NYSE:ERF) has climbed 4.36% in the past week and advanced 23.17% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.61% and the outperformance has advanced to 22.04% for the last 4 weeks period.

Enerplus Corporation (NYSE:ERF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.00 and $5.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.22, notching a gain of 7.43% for the day. The total traded volume was 1,932,875 . The stock had closed at $5.79 on the previous day.

The company shares have dropped -33.90% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $9.77 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.50 and the 200 Day Moving Average price is recorded at $4.04.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Macquarie, upgrades their rating on the shares of Enerplus Corporation (NYSE:ERF). Macquarie has a Outperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 6, 2016. Institutional Investors own 27.73% of Enerplus Corporation shares.

Enerplus Corporation is a Canada-based energy producer. The Companys capital program is focused on the development of its crude oil and natural gas 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. The Companys 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. The Companys properties consist of approximately 42% crude oil and natural gas liquids (NGLs) and 58% natural gas properties. The Company drilled around 14 wells at Brooks; seven injection wells and seven production wells at Medicine Hat and 27.2 net horizontal wells in the Fort Berthold region. It has around 71 net producing wells in the Marcellus. Enerplus USA is a subsidiary of the Company.

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