Analysts seem to be optimistic about Enerplus (ERF) lately, as after Scotiabank and BMO Capital rated the stock a Buy this past month, there is another positive note, this time from Raymond James. Analyst Kurt Molnar reiterated a Buy rating, with a C$20 price target today.
According to TipRanks.com, Molnar is ranked 0 out of 5 stars with an average return of -22.7% and a 21.5% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerplus with a C$17.67 average price target.
The company has a one-year high of C$18.04 and a one-year low of C$9.65. Currently, Enerplus has an average volume of 1.02M.
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$11.69.
