Enerplus Corp (NYSE:ERF) (TSE:ERF) – SunTrust Banks reduced their Q1 2019 earnings estimates for shares of Enerplus in a research note issued on Wednesday, April 17th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will earn $0.17 per share for the quarter, down from their prior forecast of $0.21. SunTrust Banks also issued estimates for Enerplus’ Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.30 EPS and FY2021 earnings at $1.15 EPS.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. Enerplus had a net margin of 32.58% and a return on equity of 12.78%. The firm had revenue of $247.23 million for the quarter, compared to the consensus estimate of $248.00 million. During the same period in the prior year, the firm posted $0.06 earnings per share.

ERF has been the topic of a number of other reports. Zacks Investment Research raised shares of Enerplus from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Enerplus in a report on Tuesday, April 9th. TheStreet raised shares of Enerplus from a “d+” rating to a “c+” rating in a report on Monday, February 25th. Capital One Financial downgraded shares of Enerplus from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Finally, ValuEngine downgraded shares of Enerplus from a “sell” rating to a “strong sell” rating in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.13.

Shares of NYSE ERF opened at $8.89 on Thursday. Enerplus has a 1 year low of $6.84 and a 1 year high of $13.87. The firm has a market cap of $2.15 billion, a P/E ratio of 8.16 and a beta of 1.63. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32.

A number of institutional investors and hedge funds have recently bought and sold shares of ERF. Lindbrook Capital LLC purchased a new position in Enerplus during the fourth quarter valued at $25,000. Lavaca Capital LLC purchased a new position in Enerplus during the first quarter valued at $35,000. Oppenheimer Asset Management Inc. purchased a new position in Enerplus during the fourth quarter valued at $67,000. CWM Advisors LLC purchased a new position in Enerplus during the fourth quarter valued at $86,000. Finally, Two Sigma Securities LLC purchased a new position in Enerplus during the fourth quarter valued at $91,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 28th. Enerplus’s payout ratio is 8.26%.

About Enerplus

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Earnings History and Estimates for Enerplus (NYSE:ERF)

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