Enerplus Co. (NYSE:ERF) Expected to Post Earnings of $0.55 Per Share

Wall Street analysts forecast that Enerplus Co. (NYSE:ERFGet Rating) (TSE:ERF) will announce earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Enerplus’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.45. Enerplus reported earnings per share of $0.18 during the same quarter last year, which would suggest a positive year over year growth rate of 205.6%. The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Enerplus will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.26 to $2.89. For the next financial year, analysts forecast that the firm will post earnings of $2.93 per share, with EPS estimates ranging from $2.29 to $3.57. Zacks’ EPS averages are an average based on a survey of analysts that cover Enerplus.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last announced its earnings results on Thursday, February 24th. The oil and natural gas company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.08). Enerplus had a net margin of 16.32% and a return on equity of 53.28%. The business had revenue of $258.83 million for the quarter.

A number of brokerages have weighed in on ERF. StockNews.com downgraded shares of Enerplus from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TD Securities reduced their target price on shares of Enerplus from $15.20 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. CIBC lifted their target price on Enerplus from C$20.00 to C$23.00 in a research report on Thursday, April 14th. Zacks Investment Research cut Enerplus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 4th. Finally, TheStreet raised Enerplus from a “c” rating to a “b-” rating in a report on Wednesday, March 23rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Enerplus currently has a consensus rating of “Buy” and a consensus price target of $19.06.

Shares of Enerplus stock opened at $13.52 on Thursday. Enerplus has a 1 year low of $4.78 and a 1 year high of $14.59. The company’s fifty day simple moving average is $12.96 and its 200-day simple moving average is $11.41. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 18.27 and a beta of 2.56. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.99.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were issued a $0.033 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.98%. Enerplus’s payout ratio is presently 17.57%.

A number of institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in shares of Enerplus by 24.4% in the 1st quarter. First Trust Advisors LP now owns 354,811 shares of the oil and natural gas company’s stock worth $2,984,000 after purchasing an additional 69,660 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Enerplus by 12.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,590 shares of the oil and natural gas company’s stock worth $221,000 after buying an additional 3,000 shares during the last quarter. Moors & Cabot Inc. bought a new stake in Enerplus during the third quarter worth about $492,000. ClariVest Asset Management LLC acquired a new stake in shares of Enerplus during the third quarter worth approximately $1,341,000. Finally, Toronto Dominion Bank raised its stake in shares of Enerplus by 6.0% in the third quarter. Toronto Dominion Bank now owns 1,471,446 shares of the oil and natural gas company’s stock valued at $11,780,000 after acquiring an additional 83,837 shares during the last quarter. Hedge funds and other institutional investors own 52.86% of the company’s stock.

Enerplus Company Profile (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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Earnings History and Estimates for Enerplus (NYSE:ERF)

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