Enerplus (TSX: ERF), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Michael Dunn from GMP FirstEnergy rated Enerplus (TSX: ERF) a Buy, setting a C$22 price target.
Dunn has an average return of 22.7% when recommending Enerplus.
According to TipRanks.com, Dunn is ranked #4649 out of 4850 analysts.
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Enerplus has an analyst consensus of Strong Buy, with a price target consensus of C$20.42, implying a 19.8% upside from current levels. 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$17.05, close to its 52-week high of C$18.04.
