Today, an analyst has provided a rating update for Enerplus (ERF). Raymond James’ analyst Kurt Molnar upgraded ERF to Buy , with a C$25.50 price target.
According to TipRanks.com, Molnar is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -20.0% and a 15.2% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, NuVista Energy Ltd, and Vermilion Energy.
Enerplus has an analyst consensus of Strong Buy, with a price target consensus of C$22.83, which is an 83.7% upside from current levels. In a report issued on October 31, Desjardins also reiterated a Buy rating on the stock with a C$21 price target.
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Enerplus’ market cap is currently C$3.16B and has a P/E ratio of 23. The company has a Price to Book ratio of 1.85.
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 Monday at C$12.43.
