Enerplus Corp (TSE:ERF) (NYSE:ERF) – Equities research analysts at Capital One Financial boosted their Q1 2019 earnings per share estimates for shares of Enerplus in a report released on Wednesday, April 10th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.29 per share for the quarter, up from their previous estimate of $0.28. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Enerplus’ Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.44 EPS and FY2020 earnings at $1.60 EPS.
Other analysts have also issued research reports about the stock. CIBC cut their target price on shares of Enerplus from C$22.00 to C$18.00 in a research report on Friday, February 1st. GMP Securities cut their price target on shares of Enerplus from C$20.00 to C$18.00 in a report on Tuesday, January 29th. Canaccord Genuity lifted their price target on shares of Enerplus from C$16.00 to C$18.00 in a report on Tuesday, April 9th. National Bank Financial lifted their price target on shares of Enerplus from C$16.50 to C$17.50 in a report on Monday, April 8th. Finally, TD Securities lifted their price target on shares of Enerplus from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Monday, February 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Enerplus has an average rating of “Buy” and an average price target of C$18.56.
Shares of Enerplus stock opened at C$12.14 on Monday. Enerplus has a fifty-two week low of C$9.65 and a fifty-two week high of C$18.04. The company has a current ratio of 1.78, a quick ratio of 1.59 and a debt-to-equity ratio of 34.83. The company has a market capitalization of $2.92 billion and a price-to-earnings ratio of 7.93.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of C$329.00 million.
The firm also recently declared a apr 19 dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 28th. Enerplus’s dividend payout ratio (DPR) is presently 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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