Enerplus Corp (TSE:ERF) (NYSE:ERF) – Investment analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for Enerplus in a research note issued to investors on Wednesday. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will post earnings of $1.23 per share for the year, up from their previous forecast of $1.21. National Bank Financial currently has a “Outperform” rating and a $15.00 price objective on the stock.
A number of other research firms also recently commented on ERF. Barclays increased their price objective on shares of Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. TD Securities increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Friday, November 10th. Raymond James Financial increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$16.00 price objective on shares of Enerplus in a research note on Friday, November 10th. Seven research analysts have rated the stock with a buy rating, Enerplus presently has an average rating of “Buy” and an average target price of C$15.78.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. Enerplus’s payout ratio is currently 2.91%.
In other news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction dated 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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