Capital One Financial Equities Analysts Raise Earnings Estimates for Enerplus Corp (ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial boosted their FY2018 EPS estimates for Enerplus in a research note issued to investors on Tuesday, according to Zacks Investment Research. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will earn $1.29 per share for the year, up from their previous forecast of $1.23.

A number of other research analysts have also recently commented on ERF. BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a research note on Friday, November 10th. National Bank Financial increased their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Raymond James Financial increased their target price on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities increased their price objective on Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Barclays increased their price objective on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$17.59.

Enerplus (TSE:ERF) traded down C$0.06 during trading hours on Thursday, reaching C$13.11. The company’s stock had a trading volume of 1,123,645 shares, compared to its average volume of 1,228,997. The company has a market capitalization of $3,210.00, a price-to-earnings ratio of 3.19 and a beta of 1.10. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$14.54.

The firm also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a dividend yield of 0.000741289844329133%. Enerplus’s dividend payout ratio is presently 2.91%.

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About Enerplus

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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