In a report released today, Chris MacCulloch from Desjardins maintained a Hold rating on Enerplus (ERF – Research Report), with a price target of C$19.25. The company’s shares closed today at $18.71.
According to TipRanks, MacCulloch is a 5-star analyst with an average return of 33.4% and a 53.97% success rate. MacCulloch covers the Energy sector, focusing on stocks such as Cenovus Energy, Enerplus, and Imperial Oil.
Enerplus has an analyst consensus of Moderate Buy, with a price target consensus of $17.67.
ERF market cap is currently $3.84B and has a P/E ratio of 9.01.
Based on the recent corporate insider activity of 14 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on ERF:
- Chord Energy price target raised to $195 from $189 at Mizuho
- Enerplus price target lowered to C$27.25 from C$27.75 at Stifel
- Chord Energy price target raised to $211 from $178 at Stifel
- Chord Energy price target raised to $218 from $205 at Piper Sandler
- Enerplus downgraded to Hold from Buy at Desjardins
