Enerplus Corporation found using ticker (ERF) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 22.84 and 14.09 and has a mean target at 18.48. Given that the stocks previous close was at 15.82 this is indicating there is a potential upside of 16.8%. The 50 day moving average now sits at 17.01 while the 200 day moving average is 15.58. The company has a market capitalisation of $3,501m. Company Website: https://www.enerplus.com
The potential market cap would be $4,090m 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.
