Analysts have been eager to weigh in on the Materials sector with new ratings on Enerplus Corp (ERF) and Crescent Point Energy (CPG).
Enerplus Corp (ERF)
Raymond James analyst Kurt Molnar reiterated a Buy rating on Enerplus Corp yesterday. The company’s shares opened today at $8.85, close to its 52-week low of $8.25.
According to TipRanks.com, Molnar ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -28.6% and a 10.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerplus Corp with a $15 average price target, a 69.5% upside from current levels. In a report issued on November 27, SunTrust Robinson also reiterated a Buy rating on the stock with a $15 price target.
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Crescent Point Energy (CPG)
In a report released yesterday, Chris Cox from Raymond James reiterated a Hold rating on Crescent Point Energy. The company’s shares opened today at $3.21, close to its 52-week low of $2.85.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Imperial Oil Limited.
The the analyst consensus on Crescent Point Energy is currently a Moderate Buy rating.
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