Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.00.
ERF has been the topic of several recent research reports. ValuEngine upgraded Enerplus from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. Capital One Financial downgraded Enerplus from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Raymond James restated a “buy” rating on shares of Enerplus in a research note on Thursday, December 13th. Zacks Investment Research upgraded Enerplus from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. Finally, SunTrust Banks set a $15.00 price target on Enerplus and gave the stock a “buy” rating in a research note on Tuesday, November 27th.
Several institutional investors have recently bought and sold shares of ERF. Quantbot Technologies LP purchased a new stake in Enerplus during the 3rd quarter valued at $130,000. Virtu Financial LLC purchased a new stake in Enerplus during the 3rd quarter valued at $161,000. FIL Ltd purchased a new stake in Enerplus during the 3rd quarter valued at $148,000. Worth Venture Partners LLC purchased a new stake in Enerplus during the 3rd quarter valued at $149,000. Finally, PNC Financial Services Group Inc. boosted its stake in Enerplus by 53.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,874 shares of the oil and natural gas company’s stock valued at $188,000 after purchasing an additional 5,206 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.
Enerplus (NYSE:ERF) (TSE:ERF) last announced its earnings results on Friday, November 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Enerplus had a return on equity of 12.80% and a net margin of 13.12%. The firm had revenue of $244.50 million during the quarter, compared to the consensus estimate of $264.36 million. Equities research analysts forecast that Enerplus will post 0.59 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be paid a $0.007 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $0.08 annualized dividend and a dividend yield of 0.90%. Enerplus’s payout ratio is currently 11.25%.
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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