Enerplus (ERF) Stock Forecast & Price Target

Notice: This company has been marked as potentially delisted and may not be actively trading.

Stock Analysis Analyst Forecasts Dividend Earnings Headlines Ownership Short Interest Trends

Enerplus - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Enerplus in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a sell rating, 1 has given a hold rating, and 4 have given a buy rating for ERF.

Consensus Price Target

$21.87
8.86% Upside

High Forecast	$25.00
Average Forecast	$21.87
Low Forecast	$19.00

According to the 6 analysts' twelve-month price targets for Enerplus, the average price target is $21.87. The highest price target for ERF is $25.00, while the lowest price target for ERF is $19.00. The average price target represents a forecasted upside of 8.86% from the current price of $20.09.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$21.87	$21.87	$21.69	$21.00
Forecasted Upside	8.86% Upside	26.36% Upside	32.46% Upside	25.06% Upside

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ERF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ERF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Enerplus Stock vs. The Competition

Type	Enerplus	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.86% Upside	230.54% Upside	9.18% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/9/2024	TD Securities 4 of 5 stars	Boost Target	Sell	$19.07 ➝ $20.09	-0.30%
4/29/2024	Royal Bank of Canada 4 of 5 stars	Downgrade	Outperform ➝ Sector Perform	$21.00 ➝ $22.00	+7.26%
1/16/2024	CIBC 3 of 5 stars	Lower Target	Outperform	$23.00 ➝ $19.00	+33.80%
1/10/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$25.00 ➝ $21.00	+45.53%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$23.00 ➝ $25.00	+45.90%
9/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$23.00 ➝ $24.00	+37.06%
8/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$20.00 ➝ $22.00	+28.43%
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
1/17/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$26.00 ➝ C$25.00
11/7/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$32.00 ➝ C$33.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:35 AM ET.

ERF Forecast - Frequently Asked Questions

What is Enerplus' forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Enerplus is $21.87, with a high forecast of $25.00 and a low forecast of $19.00.
Should I buy or sell Enerplus stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There is currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ERF shares.
Does Enerplus's stock price have much upside?: According to analysts, Enerplus's stock has a predicted upside of 26.36% based on their 12-month stock forecasts.
Has Enerplus been downgraded by Wall Street analysts recently?: Over the previous 90 days, Enerplus's stock had 1 downgrade by analysts.
What analysts cover Enerplus?: Enerplus has been rated by research analysts at Royal Bank of Canada, and TD Securities in the past 90 days.
Do Wall Street analysts like Enerplus more than its competitors?: Analysts like Enerplus less than other "oils/energy" companies. The consensus rating score for Enerplus is 2.50 while the average consensus rating score for "oils/energy" companies is 2.56. Learn more on how ERF compares to other companies.