Enerplus Corp (NYSE:ERF) (TSE:ERF) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $17.10.
Several equities analysts have recently weighed in on ERF shares. Zacks Investment Research cut shares of Enerplus from a “hold” rating to a “strong sell” rating in a research note on Tuesday. CIBC set a $15.00 target price on shares of Enerplus and gave the company a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada reissued a “buy” rating on shares of Enerplus in a research note on Friday, August 9th. GMP Securities reissued an “average” rating and issued a $16.00 target price on shares of Enerplus in a research note on Friday, June 28th. Finally, Raymond James reissued an “average” rating and issued a $21.50 target price on shares of Enerplus in a research note on Monday, May 13th.
A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Enerplus during the second quarter worth about $102,000. Point72 Asset Management L.P. boosted its holdings in Enerplus by 20.1% in the second quarter. Point72 Asset Management L.P. now owns 1,908,914 shares of the oil and natural gas company’s stock valued at $14,370,000 after acquiring an additional 318,914 shares during the last quarter. Man Group plc boosted its holdings in Enerplus by 45.4% in the second quarter. Man Group plc now owns 1,264,110 shares of the oil and natural gas company’s stock valued at $9,523,000 after acquiring an additional 394,931 shares during the last quarter. Invesco Ltd. boosted its holdings in Enerplus by 10.6% in the second quarter. Invesco Ltd. now owns 64,552 shares of the oil and natural gas company’s stock valued at $486,000 after acquiring an additional 6,196 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Enerplus by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,486,245 shares of the oil and natural gas company’s stock valued at $48,841,000 after acquiring an additional 94,001 shares during the last quarter. 60.70% of the stock is owned by institutional investors and hedge funds.
Shares of ERF traded down $0.03 during mid-day trading on Friday, hitting $6.16. 51,972 shares of the company’s stock were exchanged, compared to its average volume of 1,325,411. The firm has a market capitalization of $1.41 billion, a P/E ratio of 5.68 and a beta of 1.64. Enerplus has a 52 week low of $5.50 and a 52 week high of $12.92. The stock has a 50-day moving average of $6.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.37 and a current ratio of 1.37.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings results on Friday, August 9th. The oil and natural gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $240.33 million during the quarter, compared to analysts’ expectations of $232.00 million. Enerplus had a net margin of 35.14% and a return on equity of 18.00%. During the same period last year, the business earned $0.05 EPS. On average, equities research analysts anticipate that Enerplus will post 0.83 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.008 per share. This is an increase from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.10 annualized dividend and a yield of 1.56%. Enerplus’s dividend payout ratio (DPR) is currently 8.26%.
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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