Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have been assigned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.63.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Canaccord Genuity upgraded shares of Nuvista Energy to a “buy” rating in a research note on Tuesday, April 9th. Raymond James reiterated a “neutral” rating and issued a $35.00 target price on shares of Stantec in a research note on Monday, May 13th. Finally, GMP Securities reiterated a “buy” rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th.
Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in Enerplus by 23.0% during the fourth quarter. First Trust Advisors LP now owns 285,151 shares of the oil and natural gas company’s stock worth $2,213,000 after purchasing an additional 53,258 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Enerplus by 12.7% during the fourth quarter. New York State Common Retirement Fund now owns 545,417 shares of the oil and natural gas company’s stock worth $4,232,000 after purchasing an additional 61,504 shares during the last quarter. BlackRock Inc. lifted its stake in Enerplus by 4.4% during the fourth quarter. BlackRock Inc. now owns 128,108 shares of the oil and natural gas company’s stock worth $994,000 after purchasing an additional 5,381 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Enerplus by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,834 shares of the oil and natural gas company’s stock worth $12,058,000 after purchasing an additional 63,378 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Enerplus by 136.1% during the fourth quarter. Two Sigma Investments LP now owns 2,109,948 shares of the oil and natural gas company’s stock worth $16,427,000 after purchasing an additional 1,216,122 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.
Shares of Enerplus stock traded up $0.08 on Tuesday, reaching $6.62. The stock had a trading volume of 1,363,343 shares, compared to its average volume of 761,651. The firm’s 50 day moving average price is $7.24. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. Enerplus has a 1 year low of $6.38 and a 1 year high of $13.87. The stock has a market cap of $1.55 billion, a PE ratio of 6.07 and a beta of 1.66.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, May 10th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Enerplus had a net margin of 31.33% and a return on equity of 14.62%. The firm had revenue of $216.21 million for the quarter, compared to the consensus estimate of $215.00 million. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts anticipate that Enerplus will post 0.88 earnings per share for the current year.
The business also recently announced a monthly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.007 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, June 27th. Enerplus’s dividend payout ratio (DPR) is presently 8.26%.
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. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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