Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at National Bank Financial decreased their FY2017 earnings per share estimates for shares of Enerplus in a report issued on Tuesday. National Bank Financial analyst T. Wood now expects that the oil and natural gas company will post earnings of $0.88 per share for the year, down from their prior forecast of $1.10. National Bank Financial has a “Outperform” rating and a $21.00 price objective on the stock. National Bank Financial also issued estimates for Enerplus’ FY2018 earnings at $1.77 EPS.
A number of other research analysts have also weighed in on the company. TD Securities increased their price objective on Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, December 15th. Barclays increased their price objective on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Raymond James Financial increased their price objective on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. BMO Capital Markets reissued an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a report on Thursday, December 14th. Finally, Scotiabank increased their price objective on Enerplus from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday. Seven analysts have rated the stock with a buy rating, Enerplus currently has a consensus rating of “Buy” and an average target price of C$17.22.
Enerplus (TSE:ERF) opened at C$13.52 on Friday. The firm has a market capitalization of $3,270.00, a PE ratio of 3.27 and a beta of 1.01. Enerplus has a 1-year low of C$8.97 and a 1-year high of C$13.92.
Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%.
The business also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a dividend yield of 0.000741289844329133%. Enerplus’s payout ratio is 2.91%.
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Enerplus Company Profile
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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