Enerplus Corp (TSE:ERF) (NYSE:ERF) – Equities researchers at Capital One Financial reduced their Q4 2017 EPS estimates for Enerplus in a research report issued on Thursday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.14.
Several other research firms have also commented on ERF. BMO Capital Markets reaffirmed 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 lifted their target price on shares of Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, December 15th. Barclays lifted their target price on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Raymond James Financial lifted their target price on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, National Bank Financial lifted their target price on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$15.78.
The business also recently announced a jan 18 dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 28th. Enerplus’s dividend payout ratio (DPR) is presently 2.91%.
In other Enerplus news, Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total value of C$243,800.00.
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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