Brokers Offer Predictions for Enerplus’ Q1 2018 Earnings (ERF)

Enerplus (TSE:ERF) (NYSE:ERF) – Investment analysts at Capital One Financial boosted their Q1 2018 earnings estimates for shares of Enerplus in a report released on Thursday, April 12th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.29.

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Several other analysts have also recently weighed in on ERF. TD Securities lifted their price objective on shares of Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. National Bank Financial lifted their price objective on shares of Enerplus from C$15.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Barclays lifted their price objective on shares of Enerplus from C$16.00 to C$17.00 in a research note on Wednesday, January 17th. Scotiabank lifted their price objective on shares of Enerplus from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Finally, Raymond James Financial lifted their price objective on shares of Enerplus from C$16.75 to C$18.25 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Seven analysts have rated the stock with a buy rating, Enerplus presently has an average rating of “Buy” and a consensus target price of C$18.42.

Shares of Enerplus stock opened at C$14.93 on Friday. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$15.89.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Friday, February 23rd. The oil and natural gas company reported C$0.34 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.23. Enerplus had a net margin of 5.63% and a return on equity of 3.85%. The business had revenue of C$271.10 million during the quarter, compared to analysts’ expectations of C$246.00 million.

The company also recently announced a apr 18 dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 28th.

In related news, insider David Mccoy sold 8,187 shares of Enerplus stock in a transaction that occurred on Sunday, March 4th. The shares were sold at an average price of C$14.04, for a total transaction of C$114,945.48. Also, insider Shaina Brianne Morihira sold 6,579 shares of Enerplus stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of C$14.04, for a total transaction of C$92,369.16.

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Enerplus Company Profile

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

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