Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.10.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Enerplus from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank of Canada restated a “buy” rating on shares of Enerplus in a research report on Friday, August 9th. GMP Securities restated an “average” rating and set a $16.00 price target on shares of Enerplus in a research report on Friday, June 28th. Desjardins restated a “buy” rating on shares of Enerplus in a research report on Monday. Finally, CIBC set a $15.00 price target on shares of Enerplus and gave the stock a “buy” rating in a research report on Friday, August 9th.

Shares of ERF stock traded down $0.03 during midday trading on Friday, reaching $6.16. 51,972 shares of the company were exchanged, compared to its average volume of 1,325,411. Enerplus has a 12 month low of $5.50 and a 12 month high of $12.92. The stock has a market capitalization of $1.41 billion, a P/E ratio of 5.68 and a beta of 1.64. The business has a 50 day simple moving average of $6.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.37 and a current ratio of 1.37.

Enerplus (NYSE:ERF) (TSE:ERF) last released its quarterly earnings results on Friday, August 9th. The oil and natural gas company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Enerplus had a net margin of 35.14% and a return on equity of 18.00%. The company had revenue of $240.33 million for the quarter, compared to the consensus estimate of $232.00 million. During the same period in the previous year, the firm earned $0.05 EPS. Equities research analysts predict that Enerplus will post 0.83 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.008 dividend. This is an increase from Enerplus’s previous monthly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, July 30th. Enerplus’s payout ratio is presently 8.26%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Enerplus by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,237 shares of the oil and natural gas company’s stock worth $145,000 after acquiring an additional 1,699 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Enerplus by 78.5% in the second quarter. Lindbrook Capital LLC now owns 3,876 shares of the oil and natural gas company’s stock worth $29,000 after acquiring an additional 1,704 shares in the last quarter. Oliver Luxxe Assets LLC increased its position in shares of Enerplus by 10.1% in the second quarter. Oliver Luxxe Assets LLC now owns 20,265 shares of the oil and natural gas company’s stock worth $152,000 after acquiring an additional 1,860 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Enerplus by 2.1% in the first quarter. Cetera Advisors LLC now owns 101,635 shares of the oil and natural gas company’s stock worth $851,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Renaissance Group LLC increased its position in shares of Enerplus by 3.7% in the first quarter. Renaissance Group LLC now owns 67,202 shares of the oil and natural gas company’s stock worth $565,000 after acquiring an additional 2,381 shares in the last quarter. Institutional investors and hedge funds own 60.70% of the company’s stock.

About Enerplus

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

Featured Story: What impact do institutional investors have on markets?

Analyst Recommendations for Enerplus (NYSE:ERF)

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.