Equities analysts expect Enerplus Corp (NYSE:ERF) (TSE:ERF) to post $0.28 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enerplus’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.29. Enerplus posted earnings of $0.06 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The business is expected to announce its next quarterly earnings results on Friday, August 10th.
According to Zacks, analysts expect that Enerplus will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.81 to $1.13. For the next year, analysts expect that the firm will post earnings of $1.43 per share, with EPS estimates ranging from $1.09 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Enerplus.
Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings results on Friday, August 10th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.20). The company had revenue of $183.23 million during the quarter, compared to the consensus estimate of $241.51 million. Enerplus had a net margin of 19.43% and a return on equity of 12.94%. During the same quarter in the prior year, the firm posted $0.53 earnings per share.
A number of analysts have issued reports on ERF shares. Zacks Investment Research upgraded shares of Enerplus from a “sell” rating to a “hold” rating in a report on Monday, July 9th. SunTrust Banks started coverage on shares of Enerplus in a report on Thursday, June 14th. They issued a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Enerplus presently has a consensus rating of “Buy” and a consensus price target of $15.40.
Enerplus traded up $0.26, reaching $13.02, on Friday, according to MarketBeat Ratings. The company had a trading volume of 991,155 shares, compared to its average volume of 654,609. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $3.13 billion, a P/E ratio of 16.28 and a beta of 1.28. Enerplus has a 12 month low of $8.23 and a 12 month high of $13.87.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Monday, July 30th will be issued a $0.008 dividend. The ex-dividend date of this dividend is Friday, July 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.74%. Enerplus’s dividend payout ratio (DPR) is presently 11.25%.
Institutional investors have recently bought and sold shares of the company. Boston Partners grew its holdings in Enerplus by 2,083.2% during the 1st quarter. Boston Partners now owns 8,421,859 shares of the oil and natural gas company’s stock valued at $94,830,000 after purchasing an additional 8,036,098 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Enerplus by 27.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,673,724 shares of the oil and natural gas company’s stock valued at $172,344,000 after purchasing an additional 2,973,325 shares during the last quarter. PCJ Investment Counsel Ltd. bought a new position in Enerplus during the 2nd quarter valued at about $28,033,000. Segall Bryant & Hamill LLC bought a new position in Enerplus during the 2nd quarter valued at about $24,701,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Enerplus by 197.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,669,361 shares of the oil and natural gas company’s stock valued at $30,057,000 after purchasing an additional 1,773,176 shares during the last quarter. Hedge funds and other institutional investors own 48.02% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.