Enerplus Corporation (ERF) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) from a hold rating to a buy rating in a research note published on Monday morning.
Several other equities analysts have also recently weighed in on ERF. BidaskClub cut Enerplus Corporation from a hold rating to a sell rating in a research note on Thursday, August 17th. Zacks Investment Research cut Enerplus Corporation from a hold rating to a sell rating in a research note on Tuesday, August 15th. Finally, Capital One Financial Corporation began coverage on Enerplus Corporation in a research note on Tuesday, July 11th. They set an overweight rating and a $13.00 target price on the stock. Two analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $14.50.
Shares of Enerplus Corporation (ERF) traded up 0.73% on Monday, hitting $9.65. 188,254 shares of the stock traded hands. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 3.08 and a beta of 1.39. The company’s 50 day moving average is $9.23 and its 200 day moving average is $8.38. Enerplus Corporation has a one year low of $6.26 and a one year high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings results on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.16. The firm had revenue of $191.57 million for the quarter, compared to analysts’ expectations of $257.94 million. Enerplus Corporation had a return on equity of 7.91% and a net margin of 103.80%. During the same quarter last year, the business posted ($0.77) EPS. On average, equities analysts forecast that Enerplus Corporation will post $0.95 EPS for the current year.
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The firm also recently announced a monthly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.008 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.10 annualized dividend and a yield of 1.00%. Enerplus Corporation’s dividend payout ratio (DPR) is presently 3.48%.
Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its stake in Enerplus Corporation by 1.3% during the 1st quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock valued at $101,000 after acquiring an additional 180 shares in the last quarter. World Asset Management Inc grew its stake in Enerplus Corporation by 3.9% during the 1st quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 568 shares in the last quarter. Private Capital Management Inc. purchased a new position in Enerplus Corporation during the 2nd quarter valued at about $122,000. ETRADE Capital Management LLC grew its stake in Enerplus Corporation by 5.8% during 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 acquiring an additional 822 shares in the last quarter. Finally, Creative Planning grew its stake in Enerplus Corporation by 40.5% during the 2nd quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock valued at $143,000 after acquiring an additional 5,074 shares in the last quarter. 50.71% 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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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