Enerplus (NYSE:ERF) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Enerplus (NYSE:ERFGet Rating) (TSE:ERF) from a buy rating to a strong-buy rating in a report published on Friday.

Several other equities analysts have also issued reports on ERF. TD Securities dropped their target price on shares of Enerplus from $15.20 to $15.00 and set a buy rating on the stock in a report on Tuesday, March 1st. TheStreet upgraded shares of Enerplus from a c rating to a b- rating in a report on Wednesday, March 23rd. National Bank Financial boosted their target price on shares of Enerplus from C$19.00 to C$20.00 in a report on Friday, February 4th. Royal Bank of Canada boosted their target price on shares of Enerplus from C$14.94 to C$16.00 in a report on Monday, February 28th. Finally, CIBC boosted their target price on shares of Enerplus from C$20.00 to C$23.00 in a report on Thursday, April 14th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $19.06.

Shares of NYSE:ERF opened at $13.80 on Friday. The firm has a market cap of $3.34 billion, a PE ratio of 18.65 and a beta of 2.72. The firm’s fifty day moving average is $12.74 and its 200-day moving average is $11.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.49 and a current ratio of 0.49. Enerplus has a 52 week low of $4.78 and a 52 week high of $14.59.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last issued its quarterly earnings results on Thursday, February 24th. The oil and natural gas company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The business had revenue of $258.83 million for the quarter. Enerplus had a return on equity of 53.28% and a net margin of 16.32%. Sell-side analysts forecast that Enerplus will post 2.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were given a dividend of $0.033 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 3rd. Enerplus’s payout ratio is presently 17.57%.

Several large investors have recently bought and sold shares of ERF. Elmwood Wealth Management Inc. bought a new stake in shares of Enerplus during the fourth quarter worth about $30,000. Benjamin Edwards Inc. bought a new stake in Enerplus in the 4th quarter worth about $32,000. C M Bidwell & Associates Ltd. bought a new stake in Enerplus in the 4th quarter worth about $33,000. Lindbrook Capital LLC grew its position in Enerplus by 26.7% in the 4th quarter. Lindbrook Capital LLC now owns 5,308 shares of the oil and natural gas company’s stock worth $56,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Enerplus in the 4th quarter worth about $61,000. 52.24% of the stock is owned by institutional investors.

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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Analyst Recommendations for Enerplus (NYSE:ERF)

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