FY2017 EPS Estimates for Enerplus Corp Reduced by Analyst (ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at National Bank Financial decreased their FY2017 earnings estimates for shares of Enerplus in a research note issued to investors on Tuesday. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will post earnings of $0.88 per share for the year, down from their prior estimate of $1.10. National Bank Financial currently has a “Outperform” rating and a $21.00 price target 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 earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%.

Other analysts also recently issued reports about the stock. Barclays upped their price objective on shares of Enerplus from C$16.00 to C$17.00 in a report on Wednesday. TD Securities upped their price objective on shares of Enerplus from C$17.50 to C$18.50 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial upped their price objective on shares of Enerplus from C$16.75 to C$18.25 and gave the company an “outperform” rating in a report on Wednesday. Scotiabank upped their price objective on shares of Enerplus from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a report on Thursday, December 14th. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$17.22.

Enerplus (TSE:ERF) traded down C$0.19 during mid-day trading on Friday, hitting C$13.30. 94,422 shares of the stock traded hands, compared to its average volume of 1,158,573. The stock has a market cap of $3,270.00, a P/E ratio of 3.22 and a beta of 1.01. Enerplus has a fifty-two week low of C$8.97 and a fifty-two week high of C$13.92.

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

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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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