FY2018 EPS Estimates for Enerplus Corp Raised by Analyst (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial boosted their FY2018 earnings per share (EPS) estimates for shares of Enerplus in a research note issued to investors on Tuesday. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings per share of $1.29 for the year, up from their prior forecast of $1.23.
Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%. The business had revenue of C$161.85 million for the quarter, compared to the consensus estimate of C$189.00 million.
Shares of Enerplus (TSE:ERF) traded down C$0.21 during trading hours on Thursday, reaching C$13.04. 432,884 shares of the company’s stock traded hands, compared to its average volume of 1,206,115. Enerplus has a 52-week low of C$8.97 and a 52-week high of C$14.54. The company has a market cap of $3,240.00, a PE ratio of 3.17 and a beta of 1.10.
The company also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a dividend yield of 0.000741289844329133%. Enerplus’s payout ratio is 2.91%.
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Enerplus 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).
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