FY2018 EPS Estimates for Enerplus Corp (ERF) Increased by Capital One Financial
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial upped their FY2018 EPS estimates for Enerplus in a research report issued on Thursday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.68 per share for the year, up from their previous forecast of $0.64.
ERF has been the topic of several other reports. Barclays lifted their price target on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 price target on shares of Enerplus in a report on Friday, November 10th. National Bank Financial lifted their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities lifted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Raymond James Financial lifted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Seven investment analysts have rated the stock with a buy rating, Enerplus presently has a consensus rating of “Buy” and a consensus price target of C$15.78.
In related news, Director Glen Dawson Roane sold 20,000 shares of Enerplus stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.37%. Enerplus’s dividend payout ratio is presently 2.91%.
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).
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