Enerplus Corp (TSE:ERF) (NYSE:ERF) – Investment analysts at National Bank Financial dropped their FY2017 earnings per share (EPS) estimates for shares of Enerplus in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst T. Wood now expects that the oil and natural gas company will post earnings per share of $0.88 for the year, down from their previous estimate of $1.10. National Bank Financial currently has a “Outperform” rating and a $21.00 target price on the stock. National Bank Financial also issued estimates for Enerplus’ FY2018 earnings at $1.77 EPS.
Enerplus (TSE:ERF) (NYSE:ERF) last released its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). The business had revenue of C$161.85 million during the quarter, compared to analyst estimates of C$189.00 million. Enerplus had a return on equity of 4.05% and a net margin of 8.23%.
ERF has been the topic of a number of other research reports. Barclays increased their price objective on shares of Enerplus from C$16.00 to C$17.00 in a research note on Wednesday, January 17th. CIBC raised their price target on shares of Enerplus from C$16.50 to C$17.50 in a research report on Tuesday, January 23rd. TD Securities raised their price target on shares of Enerplus from C$17.50 to C$18.50 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Scotiabank raised their price target on shares of Enerplus from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Finally, Raymond James Financial raised their price target on shares of Enerplus from C$16.75 to C$18.25 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Seven equities research 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$17.59.
Enerplus (TSE:ERF) traded down C$0.13 during trading hours on Friday, hitting C$12.60. 1,554,200 shares of the stock were exchanged, compared to its average volume of 1,200,000. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of 3.05 and a beta of 1.10. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$14.54.
The business also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given 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 dividend payout ratio (DPR) is 2.91%.
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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