Equities Analysts Offer Predictions for Enerplus Corp.’s FY2016 Earnings (ERF)
Enerplus Corp. (NYSE:ERF) (TSE:ERF) – Equities researchers at National Bank Financial issued their FY2016 earnings estimates for Enerplus Corp. in a research report issued on Monday. National Bank Financial analyst T. Wood expects that the firm will post earnings per share of ($1.41) for the year. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock. National Bank Financial also issued estimates for Enerplus Corp.’s FY2017 earnings at $0.39 EPS.
Enerplus Corp. (NYSE:ERF) last released its quarterly 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. Enerplus Corp. had a negative net margin of 152.64% and a negative return on equity of 77.51%. The company earned $188.30 million during the quarter, compared to analyst estimates of $173.16 million. During the same quarter last year, the business earned ($1.42) EPS.
Several other brokerages have also commented on ERF. Canaccord Genuity started coverage on Enerplus Corp. in a research note on Wednesday, August 17th. They issued a “buy” rating on the stock. Barclays PLC reaffirmed a “buy” rating on shares of Enerplus Corp. in a research note on Thursday, October 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Enerplus Corp. currently has an average rating of “Buy” and an average target price of $7.50.
Enerplus Corp. (NYSE:ERF) traded up 1.09% during trading on Thursday, hitting $7.44. The company had a trading volume of 737,149 shares. Enerplus Corp. has a 12-month low of $1.84 and a 12-month high of $7.82. The firm has a 50-day moving average of $7.00 and a 200 day moving average of $6.40. The company’s market capitalization is $1.79 billion.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.0076 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, October 27th. Enerplus Corp.’s dividend payout ratio is currently -2.37%.
Institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in Enerplus Corp. during the second quarter worth approximately $100,000. Advisor Group Inc. purchased a new stake in Enerplus Corp. during the second quarter worth $111,000. San Francisco Sentry Investment Group CA increased its stake in Enerplus Corp. by 1.6% in the second quarter. San Francisco Sentry Investment Group CA now owns 17,016 shares of the company’s stock worth $112,000 after buying an additional 262 shares during the last quarter. Creative Planning increased its stake in 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 last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Enerplus Corp. by 242.5% in the third quarter. Tower Research Capital LLC TRC now owns 20,421 shares of the company’s stock worth $131,000 after buying an additional 14,458 shares during the last quarter. 44.45% of the stock is currently owned by institutional investors.
About Enerplus Corp.
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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