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Enerplus (ERF) Stock Forecast & Price Target

$20.20
+0.35 (+1.76%)
(As of 05/24/2024 ET)

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

Consensus Price Target

$21.87
8.27% Upside
High Forecast$25.00
Average Forecast$21.87
Low Forecast$19.00
TypeCurrent Forecast
5/27/23 to 5/26/24
1 Month Ago
4/27/23 to 4/26/24
3 Months Ago
2/26/23 to 2/26/24
1 Year Ago
5/27/22 to 5/27/23
Consensus Rating
Moderate Buy
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)
6 Buy rating(s)
7 Buy rating(s)
4 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$21.87$21.69$21.69$23.00
Forecasted Upside8.27% Upside32.46% Upside32.46% Upside38.47% 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.
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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.
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Enerplus Stock vs. The Competition

TypeEnerplusOils/Energy CompaniesS&P 500
Consensus Rating Score
2.50
2.54
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside8.27% Upside607.11% Upside9.92% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/9/2024TD Securities
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 Boost TargetSell$19.07 ➝ $20.09-0.30%
4/29/2024Royal Bank of Canada
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 DowngradeOutperform ➝ Sector Perform$21.00 ➝ $22.00+7.26%
1/16/2024CIBC
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 Lower TargetOutperform$23.00 ➝ $19.00+33.80%
1/10/2024National Bankshares
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 Lower TargetOutperform$25.00 ➝ $21.00+45.53%
10/12/2023National Bank Financial
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 Boost Target$23.00 ➝ $25.00+45.90%
9/8/2023Raymond James
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 Boost TargetOutperform$23.00 ➝ $24.00+37.06%
8/10/2023BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$20.00 ➝ $22.00+28.43%
4/20/2023Barclays
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 UpgradeEqual Weight ➝ Overweight
1/17/2023Scotiabank
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 Lower TargetC$26.00 ➝ C$25.00
11/7/2022Stifel Nicolaus
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 Boost TargetC$32.00 ➝ C$33.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:06 AM ET.

ERF Frequently Asked Questions

What is Enerplus's stock forecast and purchase recommendation?

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. The consensus rating for Enerplus stock is Moderate Buy based on the current 1 sell rating, 1 hold rating and 4 buy ratings for ERF. Learn more on ERF's analyst rating history.

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 2.54. Learn more on how ERF compares to other companies.

Is Enerplus being downgraded by Wall Street analysts?

Over the previous 90 days, Enerplus's stock had 1 downgrade by analysts.

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.

What analysts cover Enerplus?

Enerplus has been rated by research analysts at Royal Bank of Canada, and TD Securities in the past 90 days.


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This page (NYSE:ERF) was last updated on 5/26/2024 by MarketBeat.com Staff

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