Enerplus Corporation with ticker code (ERF) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘None’. The range between the high target price and low target price is between 19.84 and 12.7 with a mean TP of 16.5. With the stocks previous close at 13.8 this now indicates there is a potential upside of 19.6%. The day 50 moving average is 12.73 and the 200 moving average now moves to 9.57. The company has a market capitalisation of $3,292m. Company Website: https://www.enerplus.com
The potential market cap would be $3,936m 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.
