Enerplus (NYSE:ERF) (TSE:ERF) will be issuing its quarterly earnings data before the market opens on Friday, May 7th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Enerplus (NYSE:ERF) (TSE:ERF) last released its earnings results on Friday, February 19th. The oil and natural gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Enerplus had a positive return on equity of 2.91% and a negative net margin of 130.21%. The company had revenue of $149.72 million during the quarter. On average, analysts expect Enerplus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE ERF opened at $5.60 on Wednesday. The stock has a 50-day moving average of $5.27 and a 200-day moving average of $3.82. The firm has a market cap of $1.44 billion, a PE ratio of -1.47 and a beta of 3.18. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53. Enerplus has a 1-year low of $1.70 and a 1-year high of $5.82.
The firm also recently declared a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be given a dividend of $0.008 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 29th. Enerplus’s payout ratio is 7.59%.
A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Enerplus from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, April 9th. Desjardins lowered Enerplus from a “buy” rating to a “hold” rating in a research report on Thursday, March 25th. Stifel Nicolaus increased their target price on Enerplus from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Friday, April 9th. TD Securities increased their target price on Enerplus from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Scotiabank increased their target price on Enerplus from $7.50 to $8.50 and gave the stock an “outperform” rating in a research report on Thursday, April 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.50.
Enerplus Company Profile
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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