Enerplus (TSE:ERF) (NYSE:ERF) had its target price hoisted by National Bank Financial from C$14.00 to C$15.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the oil and natural gas company’s stock.
Other equities research analysts also recently issued research reports about the company. CIBC cut their price objective on Enerplus from C$18.00 to C$14.00 in a report on Thursday, July 18th. GMP Securities cut their price target on Enerplus from C$18.00 to C$16.00 in a report on Friday, June 28th. Raymond James upped their price target on Enerplus from C$20.50 to C$21.50 and gave the stock a strong-buy rating in a report on Monday, May 13th. TD Securities upped their price target on Enerplus from C$18.50 to C$19.50 and gave the stock a buy rating in a report on Monday, May 13th. Finally, Royal Bank of Canada cut their price target on Enerplus from C$15.00 to C$14.00 in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$16.94.
ERF stock opened at C$8.45 on Friday. The company has a debt-to-equity ratio of 38.16, a current ratio of 1.37 and a quick ratio of 1.20. The stock has a market cap of $2.00 billion and a P/E ratio of 5.64. Enerplus has a 12-month low of C$7.32 and a 12-month high of C$17.24. The company has a fifty day moving average price of C$9.01.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Friday, May 10th. The oil and natural gas company reported C$0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.04. The firm had revenue of C$287.45 million during the quarter, compared to analysts’ expectations of C$285.95 million. Sell-side analysts expect that Enerplus will post 1.33 EPS for the current fiscal year.
The business also recently declared a jul 19 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, July 30th. Enerplus’s dividend payout ratio (DPR) is 8.01%.
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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