Enerplus Corporation found using ticker (ERF) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 22.8 and 14.18 calculating the average target price we see 18.53. Now with the previous closing price of 16.42 this would indicate that there is a potential upside of 12.9%. The 50 day moving average now sits at 17.17 while the 200 day moving average is 15.38. The market cap for the company is $3,912m. Visit the company website at: https://www.enerplus.com
The potential market cap would be $4,415m based on the market concensus.
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, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
