Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.83.
Several equities analysts have recently issued reports on the company. SunTrust Banks set a $15.00 price target on Enerplus and gave the company a “buy” rating in a research note on Tuesday, November 27th. Raymond James reaffirmed a “buy” rating and set a $25.50 price target on shares of Enerplus in a research note on Monday, December 3rd. Zacks Investment Research raised Enerplus from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 10th. TheStreet lowered Enerplus from a “c” rating to a “d+” rating in a research note on Thursday, August 16th. Finally, ValuEngine lowered Enerplus from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Enerplus by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,487,757 shares of the oil and natural gas company’s stock valued at $18,746,000 after acquiring an additional 5,194 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Enerplus by 53.8% during the second quarter. PNC Financial Services Group Inc. now owns 14,874 shares of the oil and natural gas company’s stock valued at $188,000 after acquiring an additional 5,206 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of Enerplus by 36.8% during the third quarter. Rafferty Asset Management LLC now owns 20,179 shares of the oil and natural gas company’s stock valued at $249,000 after acquiring an additional 5,428 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Enerplus by 3.5% during the second quarter. CIBC Asset Management Inc now owns 172,226 shares of the oil and natural gas company’s stock valued at $2,172,000 after acquiring an additional 5,796 shares during the period. Finally, Creative Planning lifted its stake in shares of Enerplus by 72.2% during the second quarter. Creative Planning now owns 19,174 shares of the oil and natural gas company’s stock valued at $242,000 after acquiring an additional 8,040 shares during the period. 53.81% of the stock is currently owned by institutional investors and hedge funds.
Enerplus stock traded up $0.13 on Monday, reaching $9.16. The company’s stock had a trading volume of 1,877,614 shares, compared to its average volume of 1,080,708. 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 $2.20 billion, a P/E ratio of 11.45 and a beta of 1.54. Enerplus has a twelve month low of $8.25 and a twelve month high of $13.87.
Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings data on Friday, November 9th. The oil and natural gas company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $244.50 million during the quarter, compared to analyst estimates of $264.36 million. Enerplus had a return on equity of 12.80% and a net margin of 13.12%. On average, equities research analysts predict that Enerplus will post 0.61 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 29th will be paid a dividend of $0.0076 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, November 28th. Enerplus’s dividend payout ratio (DPR) is presently 11.25%.
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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