Enerplus (ERF) Downgraded to Strong Sell at ValuEngine

ValuEngine downgraded shares of Enerplus (NYSE:ERF) (TSE:ERF) from a sell rating to a strong sell rating in a research note issued to investors on Thursday.

Several other research firms have also commented on ERF. Zacks Investment Research raised shares of Enerplus from a sell rating to a hold rating in a research report on Tuesday. Raymond James reaffirmed a buy rating and set a $25.50 price target on shares of Enerplus in a research report on Monday. SunTrust Banks set a $15.00 price target on shares of Enerplus and gave the company a buy rating in a research report on Tuesday, November 27th. Finally, TheStreet lowered shares of Enerplus from a c rating to a d+ rating in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Enerplus presently has an average rating of Hold and an average price target of $17.63.

NYSE:ERF traded up $0.28 during mid-day trading on Thursday, reaching $9.31. The company’s stock had a trading volume of 64,952 shares, compared to its average volume of 982,875. Enerplus has a 12-month low of $8.25 and a 12-month high of $13.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 11.64 and a beta of 1.54.

Enerplus (NYSE:ERF) (TSE:ERF) last issued its earnings results on Friday, November 9th. The oil and natural gas company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Enerplus had a return on equity of 12.80% and a net margin of 13.12%. The business had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $264.36 million. As a group, research analysts predict that Enerplus will post 0.61 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 29th will be issued a $0.0076 dividend. This represents a $0.09 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, November 28th. Enerplus’s dividend payout ratio is 11.25%.

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Enerplus in the 3rd quarter worth approximately $130,000. Virtu Financial LLC purchased a new stake in Enerplus in the 3rd quarter worth approximately $161,000. Sei Investments Co. purchased a new stake in Enerplus in the 2nd quarter worth approximately $146,000. FIL Ltd purchased a new stake in Enerplus in the 3rd quarter worth approximately $148,000. Finally, Worth Venture Partners LLC bought a new position in Enerplus in the 3rd quarter worth approximately $149,000. 53.81% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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