Enerplus Corporation with ticker code (ERF) now have 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 23.03 and 14.28 calculating the average target price we see 18.69. Given that the stocks previous close was at 17.45 this would indicate that there is a potential upside of 7.1%. The day 50 moving average is 17.36 and the 200 moving average now moves to 15.28. The market capitalisation for the company is $3,981m. You can visit the company’s website by visiting: https://www.enerplus.com
The potential market cap would be $4,264m 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.
