Enerplus Corp (ERF) Posts Quarterly Earnings, Misses Expectations By $0.08 EPS
Enerplus Corp (NYSE:ERF) announced its earnings results on Friday. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.08, Analyst Ratings News reports.
Enerplus Corp (NYSE:ERF) opened at 22.18 on Friday. Enerplus Corp has a 1-year low of $15.53 and a 1-year high of $25.37. The stock’s 50-day moving average is $23.80 and its 200-day moving average is $21.42. The company has a market cap of $4.529 billion and a price-to-earnings ratio of 47.77.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Tuesday, August 5th will be given a dividend of $0.0838 per share. This represents a $1.01 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, August 1st.
A number of analysts have recently weighed in on ERF shares. Analysts at Scotiabank raised their price target on shares of Enerplus Corp from C$26.00 to C$32.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. On the ratings front, analysts at CIBC raised their price target on shares of Enerplus Corp from C$27.50 to C$30.00 in a research note on Thursday, June 19th. Finally, analysts at Barclays raised their price target on shares of Enerplus Corp from C$27.00 to C$30.00 in a research note on Thursday, June 19th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Enerplus Corp has an average rating of “Buy” and a consensus target price of $29.33.
Enerplus Corporation (NYSE:ERF) is a North American crude oil and natural gas exploration and development company.
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