Enerplus Corporation with ticker code (ERF) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 17.34 and 11.03 with a mean TP of 13.74. Given that the stocks previous close was at 2.87 this indicates there is a potential upside of 378.7%. The 50 day MA is 2.75 and the 200 day moving average is 4.06. The market capitalisation for the company is $665m. You can visit the company’s website by visiting: http://www.enerplus.com
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 10.6 million barrels (MMbbls) of light and medium crude oil; 26.6 MMbbls of heavy crude oil; 181.1 MMbbls of tight oil; 22.7 MMbbls of natural gas liquids; 31.6 billion cubic feet (Bcf) of conventional natural gas; and 1,167.3 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.