Enerplus Corporation (ERF) Receives $14.80 Consensus PT from Analysts
Enerplus Corporation (NYSE:ERF) (TSE:ERF) has earned an average rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.80.
A number of equities analysts recently issued reports on ERF shares. Zacks Investment Research lowered Enerplus Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Capital One Financial Corporation started coverage on Enerplus Corporation in a report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Scotiabank reissued a “buy” rating and set a $16.00 price target on shares of Enerplus Corporation in a report on Tuesday, October 10th. CIBC started coverage on Enerplus Corporation in a report on Wednesday, October 18th. They set a “sector outperform” rating on the stock. Finally, ValuEngine raised Enerplus Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last released its quarterly earnings results on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.16. Enerplus Corporation had a return on equity of 7.91% and a net margin of 103.80%. The firm had revenue of $191.57 million for the quarter, compared to analyst estimates of $257.94 million. During the same quarter last year, the company posted ($0.77) earnings per share.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 30th will be issued a dividend of $0.008 per share. The ex-dividend date is Friday, October 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Enerplus Corporation’s previous monthly dividend of $0.01. Enerplus Corporation’s dividend payout ratio (DPR) is currently 3.48%.
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A number of institutional investors and hedge funds have recently made changes to their positions in ERF. Comerica Bank boosted its holdings in Enerplus Corporation by 1.3% in the 1st quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock valued at $101,000 after purchasing an additional 180 shares in the last quarter. Private Capital Management Inc. purchased a new stake in Enerplus Corporation in the 2nd quarter valued at approximately $122,000. ETRADE Capital Management LLC boosted its holdings in Enerplus Corporation by 5.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock valued at $122,000 after purchasing an additional 822 shares in the last quarter. Creative Planning boosted its holdings in Enerplus Corporation by 40.5% in the 2nd quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock valued at $143,000 after purchasing an additional 5,074 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its holdings in Enerplus Corporation by 69.0% in the 2nd quarter. Pacad Investment Ltd. now owns 20,108 shares of the oil and natural gas company’s stock valued at $163,000 after purchasing an additional 8,208 shares in the last quarter. 50.93% of the stock is currently owned by institutional investors.
Enerplus Corporation Company Profile
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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