Enerplus shares surged as much as 10%. The company, which has a market value of about $4.1 billion, operates primarily in the Bakken shale basin of North Dakota and in the Marcellus region in Pennsylvania.
As mergers and acquisitions heat up in the U.S. shale industry, U.S. oil and gas producer Devon Energy is looking to purchase Enerplus, anonymous sources told Reuters on Thursday.
Enerplus Co. (NYSE:ERF – Get Free Report) (TSE:ERF) has received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in […]
Shares of Enerplus Co. (NYSE:ERF – Get Free Report) (TSE:ERF) have received an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year […]