Stifel Nicolaus analyst Cody Kwong maintained a Buy rating on Enerplus (ERF – Research Report) today and set a price target of C$32.25. The company’s shares closed last Friday at $14.60.
According to TipRanks, Kwong is a 5-star analyst with an average return of 23.5% and a 46.71% success rate. Kwong covers the Energy sector, focusing on stocks such as Baytex Energy, Obsidian Energy, and Tamarack Valley Energy.
Currently, the analyst consensus on Enerplus is a Strong Buy with an average price target of $19.43.
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The company has a one-year high of $18.02 and a one-year low of $12.70. Currently, Enerplus has an average volume of 1.28M.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ERF in relation to earlier this year.
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Enerplus (ERF) Company Description:
Enerplus Corp. engages in the exploration and production of crude oil and natural gas. It conducts operations in Willston Basin, Marcellus Shale, and Canadian Waterfloods. The company was founded in 1986 and is headquartered in Calgary, Canada.
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