Enerplus Corporation (TO:ERF) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $12 –$14.73 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company posted better-than-expected second-quarter results.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Enerplus currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Energy sectoris Subsea 7 SA. (OTC:SUBCY) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Enerplus Corporation (ERF): Free Stock Analysis Report
Subsea 7 SA (SUBCY): Free Stock Analysis Report
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