Enerplus Corporation found using ticker (ERF) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘None’. The target price ranges between 17.36 and 11.84 calculating the average target price we see 14.37. Given that the stocks previous close was at 11.91 this would imply there is a potential upside of 20.7%. The day 50 moving average is 10.74 while the 200 day moving average is 8.08. The market cap for the company is $2,896m. Visit the company website at: https://www.enerplus.com
The potential market cap would be $3,495m 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, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2019, it had proved plus probable gross reserves of approximately 9.0 million barrels (MMbbls) of light and medium crude oil; 22.3 MMbbls of heavy crude oil; 170.1 MMbbls of tight oil; 23.5 MMbbls of natural gas liquids; 23.2 billion cubic feet (Bcf) of conventional natural gas; and 1,173.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
