TheStreet downgraded shares of Enerplus (NYSE:ERF) (TSE:ERF) from a c rating to a d+ rating in a research note issued to investors on Thursday.

Several other research analysts also recently commented on ERF. Zacks Investment Research downgraded Enerplus from a hold rating to a strong sell rating in a report on Tuesday, June 12th. SunTrust Banks assumed coverage on shares of Enerplus in a research report on Thursday, June 14th. They issued a buy rating and a $18.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Enerplus has a consensus rating of Buy and a consensus target price of $15.40.

Shares of ERF opened at $12.28 on Thursday. The company has a market capitalization of $3.19 billion, a PE ratio of 15.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.53. Enerplus has a one year low of $8.23 and a one year high of $13.87.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its earnings results on Friday, August 10th. The oil and natural gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.20). The business had revenue of $183.23 million during the quarter, compared to analyst estimates of $241.51 million. Enerplus had a return on equity of 8.94% and a net margin of 7.88%. During the same period in the previous year, the firm earned $0.53 earnings per share. sell-side analysts expect that Enerplus will post 0.96 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 15th. Investors of record on Monday, July 30th were given a $0.008 dividend. This represents a $0.10 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, July 27th. Enerplus’s dividend payout ratio (DPR) is presently 11.25%.

Hedge funds have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new position in Enerplus in the 2nd quarter worth approximately $105,000. Sei Investments Co. bought a new position in Enerplus in the 2nd quarter worth approximately $146,000. DekaBank Deutsche Girozentrale bought a new position in Enerplus in the 1st quarter worth approximately $149,000. PNC Financial Services Group Inc. raised its position in Enerplus by 53.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,874 shares of the oil and natural gas company’s stock worth $188,000 after purchasing an additional 5,206 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Enerplus by 183.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,005 shares of the oil and natural gas company’s stock worth $227,000 after purchasing an additional 11,656 shares during the last quarter. Hedge funds and other institutional investors own 50.38% 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.

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Analyst Recommendations for Enerplus (NYSE:ERF)

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