Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Enerplus (TSX: ERF) received a Buy rating from BMO Capital’s analyst Ray Kwan, with a C$20 price target.
Kwan has an average return of 28.3% when recommending Enerplus.
According to TipRanks.com, Kwan is ranked #4524 out of 4850 analysts.
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Enerplus has an analyst consensus of Strong Buy, with a price target consensus of C$20.25, representing a 19.1% upside. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$21 price target.
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The company has a one-year high of C$18.04 and a one-year low of C$10.55. Currently, Enerplus has an average volume of 940.3K.
Enerplus Corp. engages in the exploration and production of crude oil and natural gas. Its portfolio includes Willston Basin, Marcellus, and Waterfoolds. The company was founded in 1986 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$17, close to its 52-week high of C$18.04.
