Enerplus Corporation with ticker code (ERF) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 18.99 and 14.67 calculating the average target price we see 16.22. With the stocks previous close at 15.01 this would indicate that there is a potential upside of 8.1%. The 50 day moving average now sits at 14.52 and the 200 day MA is 13.18. The market cap for the company is $3,406m. Visit the company website at: https://www.enerplus.com
The potential market cap would be $3,681m 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.
