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Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of... see more

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Enerplus Corp > CIBC Lower Targets

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Post by retiredcf on Jan 16, 2024 9:36am

CIBC Lower Targets

Energy analysts at CIBC World Markets made a series of target price reductions to stocks in their coverage universe on Tuesday. Their changes included:

Arc Resources Ltd. (ARX-T, “outperformer”) to $26 from $28. The average on the Street is $27.14.
Baytex Energy Corp. (BTE-T, “neutral”) to $6 from $8. Average: $7.68.
Birchliff Energy Ltd. (BIR-T, “neutral”) to $6.50 from $8. Average: $8.71.
Cardinal Energy Ltd. (CJ-T, “neutral”) to $8 from $9. Average: $8.83.
Cenovus Energy Inc. (CVE-T, “outperformer”) to $30 from $42. Average: $30.91.
Crescent Point Energy Corp. (CPG-T, “outperformer”) to $14 from $15. Average: $13.81.
Enerflex Ltd. (EFX-T, “neutral”) to $7.25 from $8.50. Average: $10.19.
Enerplus Corp. (ERF-N/ERF-T, “outperformer”) to US$19 from US$23. Average: US$20.80.
Ensign Energy Services Inc. (ESI-T, “neutral”) to $3.25 from $4. Average: $3.89.
Freehold Royalties Ltd. (FRU-T, “neutral”) to $16 from $16.75. Average: $18.25.
Kelt Exploration Ltd. (KEL-T, “outperformer”) to $8 from $9. Average: $8.77.
Lucero Energy Corp. (LOU-X, “neutral”) to 70 cents from 80 cents. Average: 89 cents.
Lundin Mining Corp. (LUN-T, “neutral”) to $12 from $13. Average: $11.96.
MEG Energy Corp. (MEG-T, “neutral”) to $26 from $27. Average: $30.35.
Paramount Resources Ltd. (POU-T, “neutral”) to $32.50 from $40. Average: $38.28.
PrairieSky Royalty Ltd. (PSK-T, “outperformer”) to $27.50 from $29.50. Average: $26.44.
Pipestone Energy Corp. (SCR-T, “outperformer”) to $35 from $40. Average: $33.64.
Suncor Energy Inc. (SU-T, “outperformer”) to $58 from $61. Average: $51.53.
Tamarack Valley Energy Ltd. (TVE-T, “outperformer”) to $4.50 from $5.25. Average: $5.63.
Topaz Energy Corp. (TPZ-T, “outperformer”) to $24 from $26.50. Average: $27.27.
Tourmaline Oil Corp. (TOU-T, “outperformer”) to $72.50 from $82.50. Average: $81.16.
Vermilion Energy Inc. (VET-T, “neutral”) to $22 from $26. Average: $24.54.
Whitecap Resources Inc. (WCP-T, “outperformer”) to $14 from $15. Average: $13.57.

Conversely, analyst Jamie Kubik raised his target Secure Energy Services Inc. (SES-T) to $10.50 from $9.50. with a “neutral” recommendation. The average is $11.

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