Equities research analysts predict that Enerplus Corp (NYSE:ERF) (TSE:ERF) will report $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Enerplus’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Enerplus reported earnings of $0.06 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 366.7%. The firm is scheduled to announce its next earnings results on Friday, August 10th.
According to Zacks, analysts expect that Enerplus will report full-year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $1.13. For the next financial year, analysts expect that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.09 to $1.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Enerplus.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, August 10th. The oil and natural gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.20). The company had revenue of $183.23 million for the quarter, compared to analysts’ expectations of $241.51 million. Enerplus had a return on equity of 12.94% and a net margin of 19.43%. During the same quarter in the prior year, the firm posted $0.53 EPS.
Several analysts recently commented on ERF shares. SunTrust Banks started coverage on shares of Enerplus in a research report on Thursday, June 14th. They issued a “buy” rating and a $18.00 price target for the company. Zacks Investment Research downgraded shares of Enerplus from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.40.
ERF stock traded up $0.26 on Friday, hitting $13.02. The company’s stock had a trading volume of 991,155 shares, compared to its average volume of 654,609. Enerplus has a 1 year low of $8.23 and a 1 year high of $13.87. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 16.28 and a beta of 1.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.53.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Monday, July 30th will be paid a $0.008 dividend. The ex-dividend date is Friday, July 27th. This represents a $0.10 annualized dividend and a yield of 0.74%. Enerplus’s dividend payout ratio is currently 11.25%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware acquired a new position in Enerplus in the 2nd quarter valued at $105,000. Sei Investments Co. acquired a new position in Enerplus in the 2nd quarter valued at $146,000. DekaBank Deutsche Girozentrale acquired a new position in Enerplus in the 1st quarter valued at $149,000. PNC Financial Services Group Inc. increased its stake in Enerplus by 53.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,874 shares of the oil and natural gas company’s stock valued at $188,000 after buying an additional 5,206 shares during the period. Finally, Creative Planning increased its stake in Enerplus by 72.2% in the 2nd quarter. Creative Planning now owns 19,174 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 8,040 shares during the period. 48.02% of the stock is currently owned by institutional investors.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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