Enerplus Corporation (ERF) Receives Consensus Rating of “Buy” from Analysts
Enerplus Corporation (NYSE:ERF) (TSE:ERF) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.50.
Several equities research analysts have issued reports on ERF shares. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 price target on shares of Enerplus Corporation in a research note on Monday, May 8th. Zacks Investment Research raised shares of Enerplus Corporation from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Wednesday, May 10th. BidaskClub raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. ValuEngine raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Capital One Financial Corporation started coverage on shares of Enerplus Corporation in a research note on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock.
Hedge funds have recently modified their holdings of the stock. Comerica Bank increased its stake in shares of Enerplus Corporation by 1.3% in the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock valued at $101,000 after buying an additional 180 shares during the period. World Asset Management Inc increased its stake in shares of Enerplus Corporation by 3.9% in the first quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 568 shares during the period. Private Capital Management Inc. purchased a new stake in shares of Enerplus Corporation during the second quarter valued at about $122,000. ETRADE Capital Management LLC increased its stake in shares of Enerplus Corporation by 5.8% in the second quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock valued at $122,000 after buying an additional 822 shares during the period. Finally, Creative Planning increased its stake in shares of Enerplus Corporation by 40.5% in the second quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock valued at $143,000 after buying an additional 5,074 shares during the period. 49.32% of the stock is owned by institutional investors.
Enerplus Corporation (NYSE:ERF) traded down 0.78% during trading on Tuesday, hitting $8.87. 418,316 shares of the stock traded hands. Enerplus Corporation has a 52-week low of $5.61 and a 52-week high of $10.33. The company’s 50 day moving average price is $8.54 and its 200-day moving average price is $8.28. The stock has a market cap of $2.15 billion, a P/E ratio of 4.14 and a beta of 1.40.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 EPS for the quarter, beating 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 net margin of 78.95% and a return on equity of 0.14%. During the same period in the prior year, the company earned ($0.77) EPS. Equities research analysts forecast that Enerplus Corporation will post $0.79 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.0079 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.10 annualized dividend and a yield of 1.06%. Enerplus Corporation’s payout ratio is 3.14%.
About Enerplus Corporation
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).
Receive News & Ratings for Enerplus Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.