Enerplus (TSE:ERF) (NYSE:ERF) – National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for Enerplus in a research note issued on Thursday, May 3rd, Zacks Investment Research reports. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will post earnings of $1.45 per share for the year, down from their prior estimate of $1.61. National Bank Financial currently has a “Outperform” rating and a $18.50 target price on the stock. National Bank Financial also issued estimates for Enerplus’ FY2019 earnings at $2.51 EPS.
Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Friday, February 23rd. The oil and natural gas company reported C$0.34 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.11 by C$0.23. Enerplus had a return on equity of 3.85% and a net margin of 5.63%. The business had revenue of C$271.10 million during the quarter, compared to the consensus estimate of C$246.00 million.
A number of other equities analysts also recently commented on the company. Raymond James boosted their price objective on Enerplus from C$16.75 to C$18.25 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Scotiabank boosted their price objective on Enerplus from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. CIBC boosted their target price on Enerplus from C$16.50 to C$17.50 in a research note on Tuesday, January 23rd. Royal Bank of Canada boosted their target price on Enerplus from C$13.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, TD Securities boosted their target price on Enerplus from C$17.50 to C$18.50 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Seven equities research analysts have rated the stock with a buy rating, Enerplus currently has an average rating of “Buy” and a consensus target price of C$18.17.
Shares of Enerplus stock opened at C$15.35 on Monday. Enerplus has a one year low of C$9.75 and a one year high of C$16.39.
In other Enerplus news, Director Glen Dawson Roane sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of C$16.04, for a total value of C$401,000.00. Also, insider Shaina Brianne Morihira sold 6,579 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of C$14.04, for a total value of C$92,369.16. In the last 90 days, insiders have sold 39,766 shares of company stock valued at $608,315.
The firm also recently announced a may 18 dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 27th will be paid a dividend of $0.01 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Friday, April 27th.
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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