RBC Capital analyst Gregory Pardy maintained a Buy rating on Enerplus (NYSE:ERF) on Monday, setting a price target of C$8.5, which is approximately 24.43% above the present share price of $5.43.
Pardy expects Enerplus to post earnings per share (EPS) of -$0.92 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Enerplus, with an average price target of $7.46.
The analysts price targets range from a high of $9 to a low of $5.96.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $242.77 million and a net profit of $13.55 million. The company's market cap is $1.21 billion.
According to TipRanks.com, RBC Capital analyst Gregory Pardy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.3% and a 50.00% success rate.
Enerplus Corp. engages in the exploration and production of crude oil and natural gas. It conducts operations in Willston Basin, Marcellus Shale, and Canadian Waterfloods. The company was founded in 1986 and is headquartered in Calgary, Canada.