5 Undervalued Canadian Stocks To Invest In

2. Enerplus Corporation (NYSE:ERF)

Latest P/E Ratio: 3.51

Enerplus Corporation (NYSE:ERF) is an oil and gas company with operations in several American states. It is another stock whose shares are rated Strong Buy on average, and between April and July, no analyst rated the stock below Buy.

17 of the 943 hedge funds part of Insider Monkey’s database had invested in the firm during 2023’s first quarter. Enerplus Corporation (NYSE:ERF)’s largest investor is Phill Gross and Robert Atchinson’s Adage Capital Management with a $101 million stake.

Follow Enerplus Resources Fund (NYSE:ERF)