Enerplus Corp. (ERF) Stock Rating Reaffirmed by National Bank Financial
Enerplus Corp. (NYSE:ERF) (TSE:ERF)‘s stock had its “outperfrom under weight” rating reaffirmed by National Bank Financial in a report released on Monday.
A number of other brokerages have also weighed in on ERF. Barclays PLC reiterated a “buy” rating on shares of Enerplus Corp. in a report on Thursday, October 6th. Canaccord Genuity assumed coverage on shares of Enerplus Corp. in a report on Wednesday, August 17th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $7.50.
Shares of Enerplus Corp. (NYSE:ERF) traded up 1.22% on Monday, reaching $7.45. The company had a trading volume of 732,313 shares. The firm’s market cap is $1.79 billion. The company has a 50-day moving average price of $7.00 and a 200-day moving average price of $6.40. Enerplus Corp. has a one year low of $1.84 and a one year high of $7.82.
Enerplus Corp. (NYSE:ERF) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.43. Enerplus Corp. had a negative return on equity of 77.51% and a negative net margin of 152.64%. The firm had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $173.16 million. During the same period in the prior year, the firm posted ($1.42) earnings per share. On average, analysts expect that Enerplus Corp. will post ($0.94) earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a $0.0076 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, October 27th. Enerplus Corp.’s dividend payout ratio is currently -2.37%.
Several institutional investors have recently bought and sold shares of ERF. Wellington Management Group LLP boosted its position in Enerplus Corp. by 104.5% in the first quarter. Wellington Management Group LLP now owns 2,348,067 shares of the company’s stock worth $9,240,000 after buying an additional 1,199,760 shares in the last quarter. Creative Planning boosted its stake in shares of Enerplus Corp. by 27.5% in the second quarter. Creative Planning now owns 18,706 shares of the company’s stock worth $123,000 after buying an additional 4,029 shares during the period. Barometer Capital Management Inc. acquired a new stake in shares of Enerplus Corp. during the second quarter worth approximately $11,907,000. Albert D Mason Inc. boosted its stake in shares of Enerplus Corp. by 11.1% in the second quarter. Albert D Mason Inc. now owns 103,272 shares of the company’s stock worth $678,000 after buying an additional 10,315 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Enerplus Corp. during the second quarter worth approximately $735,000. Hedge funds and other institutional investors own 44.45% of the company’s stock.
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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