Weekly Investment Analysts’ Ratings Changes for Enerplus (ERF)

Enerplus (NYSE: ERF) recently received a number of ratings updates from brokerages and research firms:

  • 5/9/2022 – Enerplus had its price target raised by analysts at Royal Bank of Canada from $17.00 to $18.00. They now have an “outperform” rating on the stock.
  • 5/9/2022 – Enerplus had its price target raised by analysts at Stifel Nicolaus from C$26.50 to C$29.00.
  • 5/6/2022 – Enerplus was given a new $20.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 5/6/2022 – Enerplus had its price target raised by analysts at TD Securities from $17.50 to $18.00. They now have a “buy” rating on the stock.
  • 5/3/2022 – Enerplus was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 4/18/2022 – Enerplus had its price target raised by analysts at Scotiabank from C$19.00 to C$20.00.
  • 4/15/2022 – Enerplus was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 4/14/2022 – Enerplus had its price target raised by analysts at CIBC from C$20.00 to C$23.00.
  • 4/14/2022 – Enerplus had its price target raised by analysts at Stifel Nicolaus from C$24.00 to C$26.50.
  • 4/13/2022 – Enerplus was given a new $20.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 4/4/2022 – Enerplus was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company with resources across Western Canada and the United States. The Company’s resource plays include shallow gas/coal bed methane, tight gas, crude oil waterfloods, Bakken/Tight oil and oil sands located in British Columbia, Alberta, Saskatchewan and Manitoba. Enerplus Corporation is based in Alberta, Canada. “
  • 3/31/2022 – Enerplus is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 3/25/2022 – Enerplus had its price target raised by analysts at Raymond James from $15.50 to $20.00. They now have an “outperform” rating on the stock.
  • 3/23/2022 – Enerplus was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.

Shares of NYSE:ERF opened at $12.04 on Thursday. The company has a 50-day simple moving average of $12.91 and a 200-day simple moving average of $11.52. Enerplus Co. has a one year low of $4.78 and a one year high of $14.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 14.68 and a beta of 2.56.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last announced its earnings results on Thursday, February 24th. The oil and natural gas company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). Enerplus had a net margin of 14.62% and a return on equity of 71.29%. The business had revenue of $258.83 million during the quarter. As a group, research analysts forecast that Enerplus Co. will post 2.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th will be issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Enerplus’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, May 26th. Enerplus’s dividend payout ratio is presently 15.85%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ERF. Northwestern Mutual Wealth Management Co. purchased a new position in Enerplus during the first quarter worth about $28,000. Sugarloaf Wealth Management LLC raised its holdings in Enerplus by 56.8% during the first quarter. Sugarloaf Wealth Management LLC now owns 2,292 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 830 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new position in Enerplus during the fourth quarter worth about $30,000. Benjamin Edwards Inc. purchased a new position in Enerplus during the fourth quarter worth about $32,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Enerplus during the fourth quarter worth about $33,000. 52.86% of the stock is owned by hedge funds and other 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. 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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