FY2018 EPS Estimates for Enerplus Corp (ERF) Boosted by Analyst

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Equities research analysts at Capital One Financial upped their FY2018 earnings per share estimates for Enerplus in a report issued on Thursday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.68 per share for the year, up from their prior estimate of $0.64.

Several other research firms have also commented on ERF. Barclays raised their price objective on shares of Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. TD Securities lifted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Friday, November 10th. Raymond James Financial lifted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. National Bank Financial lifted their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a buy rating, Enerplus presently has a consensus rating of “Buy” and an average target price of C$15.78.

Enerplus (ERF) traded down C$0.18 during midday trading on Friday, hitting C$10.62. 1,846,711 shares of the stock traded hands, compared to its average volume of 1,128,107. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$13.35.

In other Enerplus news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Enerplus’s payout ratio is currently 2.91%.

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About Enerplus

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

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