Enerplus (TSE:ERF) Shares Cross Below Two Hundred Day Moving Average of $9.18
Enerplus Corp (TSE:ERF) (NYSE:ERF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.18 and traded as low as $8.21. Enerplus shares last traded at $8.25, with a volume of 408,832 shares.
ERF has been the subject of a number of recent analyst reports. Raymond James reiterated an “outperform” rating and issued a C$11.00 price objective on shares of Enerplus in a report on Tuesday, November 12th. National Bank Financial raised their target price on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. CIBC boosted their target price on Enerplus from C$14.00 to C$14.50 in a research report on Monday, August 12th. Royal Bank of Canada lowered their price target on Enerplus from C$14.00 to C$13.00 in a research note on Friday, October 18th. Finally, Capital One Financial upgraded shares of Enerplus from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating, Enerplus has a consensus rating of “Buy” and an average target price of C$15.50.
The company has a market cap of $1.75 billion and a price-to-earnings ratio of 4.61. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 34.58. The firm’s fifty day moving average price is C$8.36 and its 200-day moving average price is C$9.11.
Enerplus Company Profile (TSE:ERF)
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
Recommended Story: Outstanding Shares
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.