Enerplus Corporation (ERF) has risen sharply, recording gains of 20.27% in the past 4 weeks. However, the stock has corrected -6.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 20.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.69% and the fifty day Moving Average is 9.97%. Enerplus Corporation is up 40.05% in the last three month period. Year-to-Date the stock performance stands at 114.87%.
Enerplus Corporation (ERF) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $4. The average forecast of all the analysts is $7.81 and the expected standard deviation is $3.42.
Enerplus Corporation (NYSE:ERF): On Fridays trading session , Opening price of the stock was $7.3 with an intraday high of $7.485. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.14. However, the stock managed to close at $7.18, a loss of 1.24% for the day. On the previous day, the stock had closed at $7.27. The total traded volume of the day was 718,730 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.