Enerplus Corp to Post Q4 2017 Earnings of $0.04 Per Share, Capital One Financial Forecasts (ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial issued their Q4 2017 earnings per share estimates for shares of Enerplus in a research note issued on Tuesday. Capital One Financial analyst B. Velie anticipates that the oil and natural gas company will post earnings of $0.04 per share for the quarter.

Enerplus (TSE:ERF) (NYSE:ERF) last released its quarterly earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%. The firm had revenue of C$161.85 million for the quarter, compared to analysts’ expectations of C$189.00 million.

A number of other research firms also recently weighed in on ERF. BMO Capital Markets restated an “outperform” rating and set a C$16.00 price target on shares of Enerplus in a research report on Friday, November 10th. TD Securities raised their price target on Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Friday, December 15th. National Bank Financial raised their price target on Enerplus from C$15.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Barclays raised their price target on Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Finally, Raymond James Financial raised their price target on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Seven investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$17.59.

Shares of Enerplus (ERF) opened at C$12.73 on Friday. Enerplus has a 12-month low of C$8.97 and a 12-month high of C$14.54. The firm has a market capitalization of $3,240.00, a PE ratio of 3.08 and a beta of 1.10.

The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a dividend yield of 0.000741289844329133%. Enerplus’s dividend payout ratio is currently 2.91%.

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Enerplus 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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