National Bank Financial Weighs in on Enerplus Corp’s FY2019 Earnings (ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Research analysts at National Bank Financial reduced their FY2019 earnings per share estimates for shares of Enerplus in a report issued on Monday, June 18th. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will earn $2.50 per share for the year, down from their prior forecast of $2.51. National Bank Financial currently has a “Outperform” rating and a $18.50 target price on the stock.

Other analysts have also recently issued reports about the stock. CSFB lifted their target price on shares of Enerplus from C$17.00 to C$20.00 in a research note on Friday, April 13th. Desjardins lifted their target price on shares of Enerplus from C$16.00 to C$17.50 in a research note on Monday, February 26th. Canaccord Genuity lifted their target price on shares of Enerplus from C$16.50 to C$17.00 in a research note on Monday, February 26th. Raymond James lifted their target price on shares of Enerplus from C$18.25 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, CIBC lifted their target price on shares of Enerplus from C$19.00 to C$20.00 in a research note on Friday, May 18th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$18.29.

Enerplus opened at C$15.92 on Wednesday, according to Marketbeat Ratings. Enerplus has a 12-month low of C$9.75 and a 12-month high of C$17.21.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings results on Thursday, May 3rd. The oil and natural gas company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.13). The company had revenue of C$265.02 million for the quarter, compared to analyst estimates of C$270.00 million. Enerplus had a return on equity of 3.85% and a net margin of 5.63%.

The firm also recently announced a jul 18 dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 28th.

In other news, Director Glen Dawson Roane sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of C$16.04, for a total value of C$401,000.00. Also, insider Edward Mclaughlin sold 22,291 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of C$16.32, for a total transaction of C$363,789.12.

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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