Enerplus Corporation (NYSE:ERF) (TSE:ERF) – Equities researchers at Capital One Financial Corporation raised their FY2017 earnings per share estimates for shares of Enerplus Corporation in a research report issued on Monday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and natural gas company will post earnings of $0.69 per share for the year, up from their prior estimate of $0.55. Capital One Financial Corporation currently has a “Overweight” rating and a $13.00 price target on the stock.

Enerplus Corporation (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings results on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.16. Enerplus Corporation had a net margin of 103.80% and a return on equity of 8.56%. The firm had revenue of $191.57 million during the quarter, compared to analyst estimates of $257.94 million. During the same quarter in the prior year, the business posted ($0.77) earnings per share.

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ERF has been the subject of several other reports. Zacks Investment Research upgraded shares of Enerplus Corporation from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Tuesday, June 6th. ValuEngine upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Canaccord Genuity restated a “buy” rating and issued a $16.00 target price on shares of Enerplus Corporation in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $13.40.

Enerplus Corporation (NYSE:ERF) opened at 8.91 on Wednesday. The company has a 50-day moving average of $8.56 and a 200 day moving average of $8.28. Enerplus Corporation has a 52-week low of $5.61 and a 52-week high of $10.33. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 4.16 and a beta of 1.40.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $0.0079 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, July 27th. Enerplus Corporation’s dividend payout ratio is 3.14%.

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Enerplus Corporation by 0.3% in the second quarter. US Bancorp DE now owns 38,170 shares of the oil and natural gas company’s stock worth $310,000 after buying an additional 100 shares in the last quarter. Comerica Bank boosted its position in Enerplus Corporation by 1.3% in the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock worth $101,000 after buying an additional 180 shares in the last quarter. World Asset Management Inc boosted its position in Enerplus Corporation by 3.9% in the first quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 568 shares in the last quarter. ETRADE Capital Management LLC boosted its position in Enerplus Corporation by 5.8% in the second quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock worth $122,000 after buying an additional 822 shares in the last quarter. Finally, Boston Partners boosted its position in Enerplus Corporation by 0.4% in the second quarter. Boston Partners now owns 406,435 shares of the oil and natural gas company’s stock worth $3,300,000 after buying an additional 1,727 shares in the last quarter. Institutional investors and hedge funds own 49.32% of the company’s stock.

Enerplus Corporation Company Profile

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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