Enerplus Corporation found using ticker (ERF) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 26.43 and 15.1 and has a mean target at 18.59. With the stocks previous close at 15.62 this would indicate that there is a potential upside of 19.0%. The day 50 moving average is 14.21 and the 200 day MA is 12.98. The market capitalisation for the company is $3,593m. You can visit the company’s website by visiting: https://www.enerplus.com
The potential market cap would be $4,276m 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.
