FY2017 EPS Estimates for Enerplus Corp Reduced by Analyst (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Stock analysts at National Bank Financial decreased their FY2017 earnings estimates for Enerplus in a report released on Tuesday. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will earn $0.88 per share for the year, down from their prior estimate of $1.10. National Bank Financial has a “Outperform” rating and a $21.00 price objective on the stock. National Bank Financial also issued estimates for Enerplus’ FY2018 earnings at $1.77 EPS.
Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%.
Shares of Enerplus (TSE:ERF) traded down C$0.19 during trading on Friday, hitting C$13.30. The company had a trading volume of 94,422 shares, compared to its average volume of 1,158,573. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$13.92. The firm has a market capitalization of $3,270.00, a PE ratio of 3.22 and a beta of 1.01.
The firm also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, January 30th. This represents a yield of 0.000741289844329133%. Enerplus’s payout ratio is 2.91%.
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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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