Enerplus Corporation with ticker code (ERF) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘None’. The target price ranges between 18.84 and 11.78 calculating the average target price we see 14.75. Now with the previous closing price of 12.53 this is indicating there is a potential upside of 17.7%. The 50 day moving average now sits at 11.94 while the 200 day moving average is 8.86. The market cap for the company is $3,151m. You can visit the company’s website by visiting: https://www.enerplus.com
The potential market cap would be $3,710m 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.
