Enerplus Corp (ERF) Announces Quarterly Earnings, Beats Estimates By $0.76 EPS
Enerplus Corp (TSE:ERF) posted its quarterly earnings results on Friday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.76, American Banking & Market News reports.
Shares of Enerplus Corp (TSE:ERF) opened at 24.29 on Friday. Enerplus Corp has a 52-week low of $16.15 and a 52-week high of $27.05. The stock’s 50-day moving average is $25.62 and its 200-day moving average is $23.4. The company has a market cap of $4.960 billion and a price-to-earnings ratio of 46.87.
The company also recently declared a aug 14 dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.09 per share. This represents a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 31st.
A number of analysts have recently weighed in on ERF shares. Analysts at CIBC raised their price target on shares of Enerplus Corp from C$30.00 to C$31.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. On the ratings front, analysts at FirstEnergy Capital raised their price target on shares of Enerplus Corp from C$26.27 to C$30.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Enerplus Corp from C$28.00 to C$29.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$27.92.
Enerplus Corporation (TSE:ERF) is a North American crude oil and natural gas exploration and development company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.