Enerplus (ERF) Reaches $8.90 After 3.00% Down Move; PTC Inc. (PTC) Covered By 11 Bullish Analysts Last Week

December 6, 2017 - By Michael Collier

The stock of Enerplus Corporation (NYSE:ERF) is a huge mover today! The stock decreased 4.05% or $0.38 during the last trading session, reaching $8.9. About 500,246 shares traded. Enerplus Corporation

(NYSE:ERF) has risen 69.92% since December 6, 2016 and is uptrending. It has outperformed by 53.22% the S&P500.The move comes after 5 months negative chart setup for the $2.15B company. It was reported on Dec, 6 by Barchart.com. We have $8.63 PT which if reached, will make NYSE:ERF worth $64.56 million less.

Among 14 analysts covering PTC (NASDAQ:PTC), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. PTC had 35 analyst reports since July 30, 2015 according to SRatingsIntel. Goldman Sachs initiated PTC Inc. (NASDAQ:PTC) on Friday, November 4 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Friday, October 6. Brean Capital initiated PTC Inc. (NASDAQ:PTC) on Friday, October 7 with “Buy” rating. The stock of PTC Inc. (NASDAQ:PTC) has “Overweight” rating given on Thursday, October 26 by Barclays Capital. The firm earned “Buy” rating on Thursday, July 27 by RBC Capital Markets. Barclays Capital maintained the shares of PTC in report on Thursday, July 30 with “Overweight” rating. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Evercore on Thursday, September 15. CLSA initiated the stock with “Outperform” rating in Thursday, August 6 report. Wedbush maintained PTC Inc. (NASDAQ:PTC) on Monday, September 21 with “Buy” rating. The rating was downgraded by Zacks to “Hold” on Tuesday, August 18. See PTC Inc. (NASDAQ:PTC) latest ratings:

06/11/2017 Broker: Bank of America Rating: Underperform New Target: $60 Initiates Coverage On
26/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $65 New Target: $69 Maintain
26/10/2017 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $64 New Target: $74 Maintain
08/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $65.0 Maintain
06/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $65.0 Maintain
06/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $64.0 Maintain
03/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $65.0 Maintain
31/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $65.0 Maintain
28/08/2017 Broker: Evercore Rating: Buy New Target: $65.0 Maintain
23/08/2017 Broker: Berenberg Rating: Buy New Target: $66 Initiates Coverage On

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $7.17 billion. It operates in two divisions, Software Products and Services. It currently has negative earnings. The firm computer-aided design products, including PTC Creo, an interoperable suite of product design software for design engineers; and PTC Mathcad software for solving, analyzing, and sharing vital engineering calculations.

The stock increased 0.34% or $0.21 during the last trading session, reaching $61.74. About 1.05 million shares traded or 3.90% up from the average. PTC Inc. (NASDAQ:PTC) has risen 57.23% since December 6, 2016 and is uptrending. It has outperformed by 40.53% the S&P500.

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.01, from 1.15 in 2017Q1. It dropped, as 37 investors sold PTC Inc. shares while 109 reduced holdings. 59 funds opened positions while 108 raised stakes. 83.76 million shares or 0.66% more from 83.21 million shares in 2017Q1 were reported. Moreover, Thompson Davis & Com has 0% invested in PTC Inc. (NASDAQ:PTC). Wright Investors Service reported 0.23% of its portfolio in PTC Inc. (NASDAQ:PTC). Virginia Retirement Systems Et Al, Virginia-based fund reported 11,000 shares. Bancshares Of Mellon holds 0% of its portfolio in PTC Inc. (NASDAQ:PTC) for 18,135 shares. Clearbridge Limited Liability Corp has invested 0% of its portfolio in PTC Inc. (NASDAQ:PTC). Renaissance Ltd holds 0% of its portfolio in PTC Inc. (NASDAQ:PTC) for 266,400 shares. Bessemer Group Inc owns 38 shares. Asset stated it has 8,377 shares or 0.02% of all its holdings. Praesidium Management Co Ltd invested in 9.4% or 2.15M shares. Qs Invsts Limited reported 1,100 shares. Envestnet Asset Management accumulated 2,418 shares or 0% of the stock. Royal Retail Bank Of Canada reported 311,378 shares or 0.01% of all its holdings. Amer Insur Tx accumulated 0.18% or 58,164 shares. Marshall Wace Llp, a United Kingdom-based fund reported 21,303 shares. Profund Advsr has invested 0.03% in PTC Inc. (NASDAQ:PTC).

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of natural gas and crude oil in the United States and Canada. The company has market cap of $2.15 billion. The companyÂ’s oil and natural gas properties are located primarily in North Dakota, Montana, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. It has a 2.66 P/E ratio. As of December 31, 2016, it had proved plus probable gross reserves of approximately 14.3 million barrels of light and medium crude oil; 39.0 MMbbls of heavy crude oil; 123.0 MMbbls of tight oil; 18.1 MMbbls of natural gas liquids; 126.3 billion cubic feet (Bcf) of conventional natural gas; and 1,002.8 Bcf of shale gas.

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