Capital One Financial Comments on Enerplus’ Q2 2018 Earnings (ERF)

Enerplus (TSE:ERF) (NYSE:ERF) – Research analysts at Capital One Financial issued their Q2 2018 earnings per share estimates for Enerplus in a report released on Thursday, April 12th. Capital One Financial analyst B. Velie anticipates that the oil and natural gas company will earn $0.30 per share for the quarter. Capital One Financial also issued estimates for Enerplus’ FY2018 earnings at $1.27 EPS.

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A number of other equities analysts have also recently commented on the stock. National Bank Financial boosted their price target 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. Raymond James Financial boosted their price target 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. Scotiabank boosted their price target 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. CIBC boosted their price target on shares of Enerplus from C$16.50 to C$17.50 in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Enerplus from C$13.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$18.42.

ERF stock opened at C$14.39 on Monday. Enerplus has a one year low of C$8.97 and a one year high of C$15.89.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its earnings results on Friday, February 23rd. The oil and natural gas company reported C$0.34 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of C$246.00 million.

The firm also recently disclosed a apr 18 dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 28th.

In other news, insider David Mccoy sold 8,187 shares of the company’s stock in a transaction on Sunday, March 4th. The shares were sold at an average price of C$14.04, for a total value of C$114,945.48. Also, insider Shaina Brianne Morihira sold 6,579 shares of the company’s stock in a transaction 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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