FY2018 EPS Estimates for Enerplus Corp (ERF) Lifted by Analyst
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial upped their FY2018 earnings per share (EPS) estimates for shares of Enerplus in a research note issued on Tuesday. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of $1.29 per share for the year, up from their prior forecast of $1.23.
Several other analysts have also weighed in on ERF. TD Securities lifted their target price on shares of Enerplus from C$17.50 to C$18.50 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Barclays lifted their target price on shares of Enerplus from C$16.00 to C$17.00 in a research report on Wednesday, January 17th. CIBC lifted their target price on shares of Enerplus from C$16.50 to C$17.50 in a research report on Tuesday, January 23rd. Raymond James Financial lifted their target price on shares of Enerplus from C$16.75 to C$18.25 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a research report on Friday, November 10th. Seven research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$17.59.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%. The company had revenue of C$161.85 million for the quarter, compared to the consensus estimate of C$189.00 million.
The firm also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, January 30th. This represents a dividend yield of 0.000741289844329133%. Enerplus’s dividend payout ratio (DPR) is currently 2.91%.
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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