Enerplus Corp (NYSE:ERF) Given Consensus Rating of “Buy” by Analysts

Enerplus Corp (NYSE:ERF) (TSE:ERF) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.33.

A number of brokerages have recently commented on ERF. BMO Capital Markets cut their target price on shares of Enerplus from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Raymond James reaffirmed a “hold” rating and issued a $4.50 target price on shares of Enerplus in a report on Monday, August 10th. ValuEngine raised shares of Enerplus from a “sell” rating to a “hold” rating in a report on Tuesday, August 11th. CIBC lifted their price objective on shares of Enerplus from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Enerplus from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, August 10th.

Shares of Enerplus stock traded down $0.05 during trading on Friday, reaching $1.78. The company’s stock had a trading volume of 1,156,186 shares, compared to its average volume of 1,539,434. The company has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $2.45. The firm has a market cap of $396.14 million, a PE ratio of -0.55 and a beta of 2.97. Enerplus has a fifty-two week low of $1.15 and a fifty-two week high of $7.78. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its earnings results on Friday, August 7th. The oil and natural gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $88.06 million during the quarter, compared to analyst estimates of $106.00 million. Enerplus had a negative net margin of 93.51% and a positive return on equity of 5.60%. On average, analysts predict that Enerplus will post -0.21 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.0076 per share. This is a positive change from Enerplus’s previous monthly dividend of $0.01. This represents a $0.09 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Friday, August 28th. Enerplus’s payout ratio is presently 11.39%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cumberland Partners Ltd boosted its position in shares of Enerplus by 3.3% during the 2nd quarter. Cumberland Partners Ltd now owns 321,600 shares of the oil and natural gas company’s stock worth $902,000 after purchasing an additional 10,200 shares in the last quarter. FIL Ltd acquired a new stake in Enerplus during the 2nd quarter worth approximately $29,000. Vident Investment Advisory LLC acquired a new stake in Enerplus during the 2nd quarter worth approximately $31,000. JustInvest LLC acquired a new stake in Enerplus during the 2nd quarter worth approximately $34,000. Finally, Tower Research Capital LLC TRC increased its position in Enerplus by 16,471.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 16,571 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 16,471 shares in the last quarter. Institutional investors own 54.90% of the company’s stock.

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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Analyst Recommendations for Enerplus (NYSE:ERF)

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