Raymond James reissued their hold rating on shares of Enerplus (NYSE:ERF) (TSE:ERF) in a research note published on Monday morning, AnalystRatings.com reports. Raymond James currently has a $4.50 target price on the oil and natural gas company’s stock.

Several other research analysts have also issued reports on ERF. ValuEngine lowered Enerplus from a hold rating to a sell rating in a research report on Monday, August 3rd. Royal Bank of Canada boosted their target price on Enerplus from $4.00 to $5.00 and gave the company an outperform rating in a research report on Monday. Zacks Investment Research upgraded Enerplus from a hold rating to a buy rating and set a $3.00 target price for the company in a research report on Friday, May 29th. Tudor Pickering restated a buy rating on shares of Enerplus in a research report on Wednesday, April 22nd. Finally, SunTrust Banks boosted their target price on Enerplus from $2.00 to $3.00 and gave the company a hold rating in a research report on Monday, May 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $5.33.

ERF opened at $3.08 on Monday. The firm has a market cap of $685.45 million, a P/E ratio of -0.96 and a beta of 2.89. Enerplus has a 12 month low of $1.15 and a 12 month high of $8.43. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $2.66 and a 200 day moving average of $2.98.

Enerplus (NYSE:ERF) (TSE:ERF) last released its quarterly earnings results on Friday, August 7th. The oil and natural gas company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The company had revenue of $88.06 million during the quarter, compared to analysts’ expectations of $106.00 million. Enerplus had a positive return on equity of 4.92% and a negative net margin of 93.51%. On average, research analysts forecast that Enerplus will post -0.06 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.0074 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 29th. Enerplus’s dividend payout ratio is presently 11.39%.

Institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. grew its holdings in Enerplus by 4,033.2% in the first quarter. EdgePoint Investment Group Inc. now owns 3,857,150 shares of the oil and natural gas company’s stock worth $5,695,000 after purchasing an additional 3,763,828 shares during the last quarter. Norges Bank purchased a new position in Enerplus in the fourth quarter worth $24,065,000. South Dakota Investment Council grew its holdings in Enerplus by 62.9% in the first quarter. South Dakota Investment Council now owns 2,575,801 shares of the oil and natural gas company’s stock worth $3,812,000 after purchasing an additional 995,069 shares during the last quarter. River & Mercantile Asset Management LLP grew its holdings in Enerplus by 38.4% in the first quarter. River & Mercantile Asset Management LLP now owns 2,503,354 shares of the oil and natural gas company’s stock worth $3,649,000 after purchasing an additional 694,262 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Enerplus by 36.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,141,251 shares of the oil and natural gas company’s stock worth $6,025,000 after purchasing an additional 576,590 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Enerplus Company Profile

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.

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Analyst Recommendations for Enerplus (NYSE:ERF)

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