Enerplus Corp (ERF) Forecasted to Post Q4 2017 Earnings of $0.04 Per Share

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Analysts at Capital One Financial issued their Q4 2017 EPS estimates for shares of Enerplus in a report 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 announced its quarterly earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). The company had revenue of C$161.85 million during the quarter, compared to analysts’ expectations of C$189.00 million. Enerplus had a net margin of 8.23% and a return on equity of 4.05%.

ERF has been the topic of a number of other reports. Barclays raised their target price on shares of Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 price target on shares of Enerplus in a report on Friday, November 10th. National Bank Financial increased their price target on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TD Securities increased their price target on Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, CIBC increased their price target on Enerplus from C$16.50 to C$17.50 in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a buy rating, Enerplus presently has an average rating of “Buy” and a consensus price target of C$17.59.

Enerplus (TSE:ERF) opened at C$12.60 on Friday. The stock has a market cap of $3,240.00, a P/E ratio of 3.05 and a beta of 1.10. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$14.54.

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

WARNING: This piece was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://sportsperspectives.com/2018/02/10/enerplus-corp-erf-forecasted-to-post-q4-2017-earnings-of-0-04-per-share.html.

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).

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply