Q4 2017 EPS Estimates for Enerplus Corporation (ERF) Lowered by Capital One Financial
Enerplus Corporation (NYSE:ERF) (TSE:ERF) – Equities researchers at Capital One Financial dropped their Q4 2017 earnings per share (EPS) estimates for Enerplus in a research report issued to clients and investors on Thursday. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.11.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Enerplus from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Canaccord Genuity reissued a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a research note on Thursday, November 9th. CIBC began coverage on shares of Enerplus in a research note on Wednesday, October 18th. They issued a “sector outperform” rating for the company. Scotiabank reissued a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Enerplus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.20.
The business also recently disclosed a dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.008 dividend. The ex-dividend date of this dividend is Thursday, December 28th. Enerplus’s payout ratio is 2.77%.
Large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new position in Enerplus in the 3rd quarter valued at approximately $109,000. Lbmc Investment Advisors LLC bought a new position in Enerplus in the 3rd quarter valued at approximately $148,000. ETRADE Capital Management LLC lifted its stake in Enerplus by 5.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock valued at $122,000 after purchasing an additional 822 shares during the last quarter. Pacad Investment Ltd. increased its position in Enerplus by 69.0% in the 2nd quarter. Pacad Investment Ltd. now owns 20,108 shares of the oil and natural gas company’s stock valued at $163,000 after acquiring an additional 8,208 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enerplus by 15.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,982 shares of the oil and natural gas company’s stock valued at $178,000 after acquiring an additional 2,890 shares during the period. 49.72% of the stock is owned by institutional investors and hedge funds.
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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