The Materials sector company, Enerplus (ERF), has received a rating update from a Wall Street analyst on August 9. On August 9, analyst Gregory Pardy gave a Buy rating to ERF and set a C$14 price target.
According to TipRanks.com, Pardy is ranked 0 out of 5 stars with an average return of -5.0% and a 38.5% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Baytex Energy Corp, and Cenovus Energy Inc.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerplus with a C$16.33 average price target.
The company has a one-year high of C$17.24 and a one-year low of C$7.32. Currently, Enerplus has an average volume of 950.2K.
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$8.48, close to its 52-week low of C$7.32.
