UPDATE: Barclays Upgrades Enerplus (ERF) to Equalweight; Falling In-line

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(Updated - July 18, 2012 1:18 PM EDT)

Barclays upgraded Enerplus (NYSE: ERF) from Underweight to Equalweight. PT cut from $20 to $15.

Analyst, Grant Hofer, said, "We are upgrading Enerplus as its financial outlook is now more in line with the peer group, although funding remains a concern."

FY12 EPS estimate lowered from $0.19 to $0.11 and FY13 from $1.27 to $0.97.

For an analyst ratings summary and ratings history on Enerplus click here. For more ratings news on Enerplus click here.

Shares of Enerplus closed at $13.09 Tuesday, with a 52 week range of $11.35-$32.15.

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