Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.83.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Enerplus from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James reissued a “buy” rating and set a $25.50 price target on shares of Enerplus in a report on Monday. SunTrust Banks set a $15.00 price target on shares of Enerplus and gave the stock a “buy” rating in a report on Tuesday, November 27th. ValuEngine cut shares of Enerplus from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, TheStreet cut shares of Enerplus from a “c” rating to a “d+” rating in a report on Thursday, August 16th.

NYSE ERF traded down $0.45 during trading hours on Monday, hitting $9.21. 50,532 shares of the stock were exchanged, compared to its average volume of 1,037,347. The stock has a market capitalization of $2.35 billion, a P/E ratio of 11.63 and a beta of 1.54. Enerplus has a 12-month low of $8.25 and a 12-month high of $13.87. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.34.

Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings results on Friday, November 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $264.36 million. Enerplus had a return on equity of 12.80% and a net margin of 13.12%. On average, equities research analysts expect that Enerplus will post 0.61 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 29th will be given a dividend of $0.0076 per share. The ex-dividend date is Wednesday, November 28th. This represents a $0.09 annualized dividend and a yield of 0.98%. Enerplus’s payout ratio is currently 11.25%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Enerplus during the 3rd quarter valued at $130,000. Sei Investments Co. bought a new position in shares of Enerplus during the 2nd quarter worth approximately $146,000. FIL Ltd bought a new position in shares of Enerplus during the 3rd quarter worth approximately $148,000. Worth Venture Partners LLC bought a new position in shares of Enerplus during the 3rd quarter worth approximately $149,000. Finally, Virtu Financial LLC bought a new position in shares of Enerplus during the 3rd quarter worth approximately $161,000. Institutional investors own 53.81% of the company’s stock.

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. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

Featured Story: Fundamental Analysis and Individual Investors

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.