Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.10.
A number of research analysts have recently issued reports on the company. CIBC set a $15.00 price target on Enerplus and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research downgraded Enerplus from a “hold” rating to a “strong sell” rating in a report on Tuesday. Royal Bank of Canada reiterated a “buy” rating on shares of Enerplus in a report on Friday, August 9th. GMP Securities reissued an “average” rating and issued a $16.00 price objective on shares of Enerplus in a research report on Friday, June 28th. Finally, Raymond James reissued an “average” rating and issued a $21.50 price objective on shares of Enerplus in a research report on Monday, May 13th.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Enerplus by 6.7% during the 2nd quarter. Royal Bank of Canada now owns 7,994,792 shares of the oil and natural gas company’s stock worth $60,203,000 after buying an additional 499,294 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Enerplus by 189.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,053 shares of the oil and natural gas company’s stock worth $181,000 after buying an additional 15,730 shares in the last quarter. Lincluden Management Ltd. increased its stake in Enerplus by 15.3% during the 2nd quarter. Lincluden Management Ltd. now owns 1,960,726 shares of the oil and natural gas company’s stock worth $14,748,000 after buying an additional 260,295 shares in the last quarter. Jane Street Group LLC purchased a new stake in Enerplus during the 2nd quarter worth approximately $102,000. Finally, Point72 Asset Management L.P. increased its stake in Enerplus by 20.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,908,914 shares of the oil and natural gas company’s stock worth $14,370,000 after buying an additional 318,914 shares in the last quarter. 60.70% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ERF traded up $0.33 on Friday, reaching $6.50. The company had a trading volume of 1,059,100 shares, compared to its average volume of 1,372,830. Enerplus has a 52-week low of $5.50 and a 52-week high of $12.92. The firm’s 50 day simple moving average is $6.74 and its 200-day simple moving average is $7.92. The firm has a market capitalization of $1.43 billion, a PE ratio of 5.96 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.34.
Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings results on Friday, August 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. Enerplus had a return on equity of 18.00% and a net margin of 35.14%. The business had revenue of $240.33 million for the quarter, compared to the consensus estimate of $232.00 million. During the same period last year, the business posted $0.05 EPS. As a group, equities research analysts predict that Enerplus will post 0.83 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.008 dividend. This is a boost from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.48%. 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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