National Bank Financial Equities Analysts Boost Earnings Estimates for Enerplus Corp (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at National Bank Financial upped their FY2017 earnings per share estimates for Enerplus in a report released on Wednesday. National Bank Financial analyst T. Wood now anticipates that the oil and natural gas company will post earnings of $1.10 per share for the year, up from their prior estimate of $1.09. National Bank Financial has a “Outperform” rating and a $15.00 price objective on the stock.
Several other research analysts also recently weighed in on the company. TD Securities upped their price target on Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets restated an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a research note on Thursday, December 14th. Barclays upped their price target on Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. Finally, Raymond James Financial upped their price target on Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$15.78.
The company also recently announced a jan 18 dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 28th. Enerplus’s dividend payout ratio is currently 2.91%.
In other news, Director Glen Dawson Roane sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total transaction of C$243,800.00.
COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/national-bank-financial-equities-analysts-boost-earnings-estimates-for-enerplus-corp-erf/1772135.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.