Enerplus (TSE:ERF) (NYSE:ERF) is set to announce its earnings results before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of C$0.15 per share for the quarter.
Enerplus (ERF) opened at C$13.22 on Wednesday. The company has a market capitalization of $3,220.00, a P/E ratio of 3.20 and a beta of 1.10. Enerplus has a fifty-two week low of C$8.97 and a fifty-two week high of C$14.54.
The business also recently announced a monthly dividend, which will be paid on Friday, March 16th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, February 27th. Enerplus’s dividend payout ratio (DPR) is presently 2.91%.
Several equities analysts have recently commented on ERF shares. BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a report on Friday, November 10th. National Bank Financial upped their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Raymond James Financial upped their target price on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities upped their target price 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 upped their target price on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$17.59.
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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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