Brokers Set Expectations for Enerplus Corp’s Q1 2019 Earnings (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Equities research analysts at SunTrust Banks reduced their Q1 2019 earnings estimates for Enerplus in a research note issued on Wednesday, April 17th. SunTrust Banks analyst N. Dingmann now expects that the oil and natural gas company will earn $0.23 per share for the quarter, down from their previous estimate of $0.28. SunTrust Banks also issued estimates for Enerplus’ Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.40 EPS and FY2021 earnings at $1.53 EPS.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Friday, February 22nd. The oil and natural gas company reported C$0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.38 by C$0.04. The firm had revenue of C$326.70 million during the quarter, compared to analyst estimates of C$329.00 million.
ERF stock opened at C$12.00 on Thursday. The company has a debt-to-equity ratio of 34.83, a quick ratio of 1.59 and a current ratio of 1.78. Enerplus has a 12-month low of C$9.65 and a 12-month high of C$18.04. The stock has a market capitalization of $2.87 billion and a P/E ratio of 7.84.
The firm also recently announced a may 19 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, April 29th. Enerplus’s dividend payout ratio (DPR) is 7.84%.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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