Enerplus Corp (ERF) Expected to Post FY2016 Earnings of ($1.90) Per Share
Enerplus Corp (TSE:ERF) (NYSE:ERF) – National Bank Financial issued their FY2016 earnings per share (EPS) estimates for shares of Enerplus Corp in a report issued on Monday. National Bank Financial analyst T. Wood expects that the firm will post earnings per share of ($1.90) for the year. National Bank Financial has a “Outperform” rating and a $14.50 price objective on the stock. National Bank Financial also issued estimates for Enerplus Corp’s FY2017 earnings at $0.53 EPS.
A number of other research analysts also recently issued reports on ERF. CIBC increased their price objective on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th. Barclays PLC increased their price objective on Enerplus Corp from C$10.00 to C$12.00 in a report on Friday, July 22nd. Raymond James Financial Inc. increased their price target on Enerplus Corp from C$10.50 to C$11.00 in a research report on Friday, August 5th. FirstEnergy Capital increased their price target on Enerplus Corp from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research report on Monday, August 8th. Finally, Scotiabank increased their price target on Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$11.02.
Enerplus Corp (TSE:ERF) traded up 2.12% on Thursday, reaching $10.10. 848,796 shares of the company were exchanged. Enerplus Corp has a 12-month low of $2.68 and a 12-month high of $10.26. The stock has a 50 day moving average of $9.29 and a 200 day moving average of $8.38. The firm’s market capitalization is $2.43 billion.
The company also recently declared a nov 16 dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, October 27th. This represents a yield of 1.31%.
Enerplus Corp Company Profile
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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