Enerplus Corp.’s (ERF) Outperfrom Under Weight Rating Reiterated at National Bank Financial
A number of other analysts have also weighed in on ERF. Canaccord Genuity started coverage on shares of Enerplus Corp. in a report on Wednesday, August 17th. They set a buy rating on the stock. Barclays PLC reaffirmed a buy rating on shares of Enerplus Corp. in a report on Thursday, October 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $7.50.
Enerplus Corp. (NYSE:ERF) traded up 0.54% during trading on Monday, hitting $7.40. 768,424 shares of the stock were exchanged. The firm’s 50-day moving average is $7.00 and its 200 day moving average is $6.40. Enerplus Corp. has a 52 week low of $1.84 and a 52 week high of $7.82. The firm’s market cap is $1.78 billion.
Enerplus Corp. (NYSE:ERF) last posted its earnings results on Monday, November 14th. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.43. The firm had revenue of $188.30 million for the quarter, compared to the consensus estimate of $173.16 million. Enerplus Corp. had a negative return on equity of 77.51% and a negative net margin of 152.64%. During the same period last year, the company posted ($1.42) EPS. Analysts expect that Enerplus Corp. will post ($0.94) earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.0076 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.09 dividend on an annualized basis and a yield of 1.24%. Enerplus Corp.’s dividend payout ratio is presently -2.37%.
A number of institutional investors have recently added to or reduced their stakes in the company. Schafer Cullen Capital Management Inc. bought a new position in Enerplus Corp. during the third quarter worth approximately $210,000. Credit Suisse AG boosted its position in Enerplus Corp. by 42.1% in the third quarter. Credit Suisse AG now owns 381,768 shares of the company’s stock worth $2,447,000 after buying an additional 113,045 shares in the last quarter. Mackenzie Financial Corp boosted its position in Enerplus Corp. by 193.7% in the third quarter. Mackenzie Financial Corp now owns 2,821,761 shares of the company’s stock worth $18,087,000 after buying an additional 1,861,161 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Enerplus Corp. by 58.1% in the third quarter. 1832 Asset Management L.P. now owns 5,135,959 shares of the company’s stock worth $32,963,000 after buying an additional 1,886,503 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Enerplus Corp. by 59.3% in the third quarter. Jane Street Group LLC now owns 49,374 shares of the company’s stock worth $316,000 after buying an additional 18,386 shares in the last quarter. 44.45% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Enerplus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corp. and related stocks with our FREE daily email newsletter.