$0.55 Earnings Per Share Expected for Enerplus Co. (NYSE:ERF) This Quarter

Equities research analysts expect Enerplus Co. (NYSE:ERFGet Rating) (TSE:ERF) to report $0.55 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Enerplus’ earnings, with estimates ranging from $0.45 to $0.64. Enerplus posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 205.6%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Enerplus will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.26 to $2.89. For the next financial year, analysts anticipate that the firm will report earnings of $2.93 per share, with EPS estimates ranging from $2.29 to $3.57. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Enerplus.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last posted its quarterly earnings data on Thursday, February 24th. The oil and natural gas company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The firm had revenue of $258.83 million during the quarter. Enerplus had a net margin of 16.32% and a return on equity of 53.28%.

ERF has been the subject of several research analyst reports. Scotiabank upped their price target on shares of Enerplus from C$19.00 to C$20.00 in a research report on Monday. Royal Bank of Canada upped their price target on shares of Enerplus from C$14.94 to C$16.00 in a research report on Monday, February 28th. Raymond James set a $20.00 price target on shares of Enerplus and gave the stock an “outperform” rating in a research report on Wednesday, April 13th. Stifel Nicolaus upped their price target on shares of Enerplus from C$24.00 to C$26.50 in a research report on Thursday, April 14th. Finally, Zacks Investment Research lowered shares of Enerplus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Enerplus currently has a consensus rating of “Buy” and an average target price of $19.06.

Hedge funds have recently made changes to their positions in the company. Elmwood Wealth Management Inc. purchased a new position in shares of Enerplus in the fourth quarter valued at $30,000. Benjamin Edwards Inc. bought a new position in Enerplus during the 4th quarter valued at $32,000. C M Bidwell & Associates Ltd. bought a new position in Enerplus during the 4th quarter valued at $33,000. Lindbrook Capital LLC boosted its stake in Enerplus by 26.7% during the 4th quarter. Lindbrook Capital LLC now owns 5,308 shares of the oil and natural gas company’s stock valued at $56,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Enerplus during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 52.24% of the company’s stock.

Shares of NYSE:ERF traded down $0.20 during trading on Thursday, reaching $13.60. The stock had a trading volume of 124,450 shares, compared to its average volume of 2,742,882. The business has a fifty day moving average price of $12.74 and a 200-day moving average price of $11.12. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.99. The stock has a market cap of $3.29 billion, a P/E ratio of 18.38 and a beta of 2.72. Enerplus has a fifty-two week low of $4.78 and a fifty-two week high of $14.59.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were paid a $0.033 dividend. The ex-dividend date was Thursday, March 3rd. This represents a $0.13 annualized dividend and a dividend yield of 0.97%. Enerplus’s dividend payout ratio (DPR) is presently 17.57%.

About Enerplus (Get Rating)

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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