The Globe and Mail reports in its Thursday, Dec. 7, edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "buy" recommendation for Enerplus. The Globe's David Leeder writes that Mr. MacCulloch tweaked his share target back by $1.50 to $23. Analysts on average target the shares at $25.24. Mr. MacCulloch says in a note: "Enerplus continues providing one of the best value propositions in the Canadian energy sector, currently trading at an estimated 2025 EV/DACF multiple of 3.3 times (vs peers at 4.3 times) while offering a 12-per-cent FCF yield at current strip prices. Armed with a pristine balance sheet and deep drilling inventory, and firmly focused on North Dakota, we believe the company could be a beneficiary of the M&A super cycle currently unfolding south of the border." The Globe reported on Aug. 10, 2021, and Sept. 19, 2023, that Mr. MacCulloch rated Enerplus "buy." It was then worth $7.41 and $23.28. The Globe reported on Nov. 7, 2023, that RBC Capital analyst Greg Pardy had reaffirmed his "outperform" recommendation for Enerplus. In the item, Mr. Pardy said Enerplus was still his "favourite intermediate producer." Enerplus shares could then be had for $22.37.