Enerplus Corporation with ticker code (ERF) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 19.63 and 13.35 with the average target price sitting at 16.43. Now with the previous closing price of 12.09 this would indicate that there is a potential upside of 35.9%. There is a 50 day moving average of 12.83 and the 200 day moving average is 9.72. The market capitalisation for the company is $2,933m. Visit the company website at: https://www.enerplus.com
The potential market cap would be $3,986m 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.
