FY2018 EPS Estimates for Enerplus Corporation Boosted by Analyst (ERF)
Enerplus Corporation (NYSE:ERF) (TSE:ERF) – Research analysts at Capital One Financial Corporation lifted their FY2018 earnings per share (EPS) estimates for Enerplus Corporation in a report released on Thursday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and natural gas company will earn $0.50 per share for the year, up from their previous estimate of $0.47.
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 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.16. The company had revenue of $191.57 million for the quarter, compared to analyst estimates of $257.94 million. Enerplus Corporation had a return on equity of 14.21% and a net margin of 121.44%. During the same period in the previous year, the company posted ($0.77) earnings per share.
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Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Enerplus Corporation from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday. BidaskClub lowered Enerplus Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine upgraded Enerplus Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. CIBC began coverage on Enerplus Corporation in a report on Wednesday, October 18th. They set a “sector outperform” rating on the stock. Finally, Canaccord Genuity reiterated a “buy” rating and set a $16.00 target price on shares of Enerplus Corporation in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Enerplus Corporation presently has a consensus rating of “Buy” and a consensus target price of $14.17.
Shares of Enerplus Corporation (NYSE ERF) traded down $0.15 during trading on Monday, hitting $9.69. The stock had a trading volume of 626,900 shares, compared to its average volume of 1,064,727. The company has a market capitalization of $2,340.00, a price-to-earnings ratio of 15.14 and a beta of 1.40. Enerplus Corporation has a 12 month low of $6.26 and a 12 month high of $10.33. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41.
A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in Enerplus Corporation by 0.3% in the second quarter. US Bancorp DE now owns 38,170 shares of the oil and natural gas company’s stock valued at $310,000 after buying an additional 100 shares during the period. ETRADE Capital Management LLC raised its stake in 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. Boston Partners raised its stake in Enerplus Corporation by 0.4% in the second quarter. Boston Partners now owns 406,435 shares of the oil and natural gas company’s stock valued at $3,300,000 after buying an additional 1,727 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Enerplus Corporation by 15.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,982 shares of the oil and natural gas company’s stock valued at $178,000 after buying an additional 2,890 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Enerplus Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 23,426 shares of the oil and natural gas company’s stock valued at $189,000 after buying an additional 3,268 shares during the period. Hedge funds and other institutional investors own 51.22% of the company’s stock.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th will be paid a $0.008 dividend. This is a positive change from Enerplus Corporation’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.10 annualized dividend and a yield of 0.99%. Enerplus Corporation’s dividend payout ratio is currently 3.07%.
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).
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