RBC Capital Sticks to Its Buy Rating for Enerplus (ERF)

RBC Capital analyst Gregory Pardy maintained a Buy rating on Enerplus (ERFResearch Report) on July 11 and set a price target of $20.00. The company’s shares closed last Tuesday at $12.03.

According to, Pardy is a 5-star analyst with an average return of 24.1% and a 55.9% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerplus with a $25.33 average price target, implying an 110.9% upside from current levels. In a report issued on June 30, Stifel Nicolaus also maintained a Buy rating on the stock with a C$30.00 price target.

See today’s best-performing stocks on TipRanks >>

Enerplus’ market cap is currently $3.04B and has a P/E ratio of 12.60.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ERF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on ERF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More