Enerplus Corp (NYSE:ERF) (TSE:ERF) – Investment analysts at Capital One Financial issued their Q1 2018 earnings estimates for Enerplus in a report issued on Tuesday. Capital One Financial analyst B. Velie expects that the oil and natural gas company will earn $0.23 per share for the quarter. Capital One Financial also issued estimates for Enerplus’ Q2 2018 earnings at $0.25 EPS and FY2018 earnings at $0.99 EPS.
A number of other analysts also recently issued reports on ERF. ValuEngine raised Enerplus from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Scotiabank reaffirmed a “buy” rating and issued a $16.00 target price on shares of Enerplus in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Enerplus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. CIBC started coverage on Enerplus in a research report on Wednesday, October 18th. They issued a “sector outperform” rating on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 target price on shares of Enerplus in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.50.
Enerplus (NYSE:ERF) (TSE:ERF) last released its earnings results on Thursday, November 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Enerplus had a net margin of 121.44% and a return on equity of 14.21%.
Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new position in Enerplus during the second quarter worth about $2,628,000. Northern Trust Corp grew its holdings in Enerplus by 69.4% during the second quarter. Northern Trust Corp now owns 565,671 shares of the oil and natural gas company’s stock worth $4,593,000 after purchasing an additional 231,661 shares during the period. Allianz Asset Management GmbH grew its holdings in Enerplus by 339.7% during the third quarter. Allianz Asset Management GmbH now owns 545,168 shares of the oil and natural gas company’s stock worth $5,366,000 after purchasing an additional 421,171 shares during the period. Shell Asset Management Co. grew its holdings in Enerplus by 161.7% during the third quarter. Shell Asset Management Co. now owns 60,716 shares of the oil and natural gas company’s stock worth $1,291,000 after purchasing an additional 37,516 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Enerplus during the third quarter worth about $848,000. Institutional investors and hedge funds own 49.72% of the company’s stock.
The business also recently announced a monthly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.008 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, December 28th. Enerplus’s dividend payout ratio is currently 3.00%.
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Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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