Enerplus: Stocks Analysts Recently Downgraded on TSX (ERF)
Enerplus Corp is among the group of Toronto Stock Exchange stocks recently downgraded by analysts. This means each stock on this list has seen its averge consensus value drop in the last week so at least one analyst has downgraded their view on these stocks.
This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included in this list when its mean rating decreases from the previous week. Stocks in this category are generally sold to preserve capital.
Companies can get downgraded for a number of reasons - but primarily due to reduced future earnings potential due to loss of contracts, new faltering product lines or increasing costs relative to revenue or financial risk.
| Symbol | Name | Buy | Out Perform | Hold | Under Perform | Sell | No Opinion | Mean Rating | Prev Mean Rating | Mean Label |
|---|---|---|---|---|---|---|---|---|---|---|
| FM | First Quantum Minerals Ltd | 0 | 1 | 5 | 0 | 0 | 0 | 3.1667 | 3.5556 | Hold |
| ERF | Enerplus Corp | 3 | 2 | 1 | 0 | 3 | 0 | 3.2222 | 4.6 | Hold |
| CIX | CI Financial Corp | 1 | 0 | 4 | 0 | 0 | 0 | 3.4 | 3.5 | Hold |
| SSRM | SSR Mining Inc | 1 | 1 | 6 | 0 | 0 | 0 | 3.375 | 3.625 | Hold |
| KSI | kneat.com Inc | 1 | 4 | 0 | 0 | 0 | 0 | 4.2 | 4.25 | Outperform |
All data provided as of February 22, 2024.
More about Enerplus Corp
Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston basin, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners, and mineral rights owners.
Enerplus Corp is listed under ERF on the Toronto Stock Exchange.
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