Q2 2022 EPS Estimates for Enerplus Co. Boosted by Analyst (TSE:ERF)

Enerplus Co. (TSE:ERFGet Rating) (NYSE:ERF) – Stock analysts at Capital One Financial boosted their Q2 2022 EPS estimates for shares of Enerplus in a research report issued to clients and investors on Wednesday, May 18th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of $1.31 per share for the quarter, up from their previous forecast of $0.99. Capital One Financial also issued estimates for Enerplus’ Q3 2022 earnings at $1.37 EPS, Q4 2022 earnings at $1.67 EPS, FY2022 earnings at $5.09 EPS and FY2023 earnings at $6.17 EPS.

Several other brokerages have also recently commented on ERF. Tudor Pickering reiterated a “buy” rating and issued a C$20.00 price target on shares of Enerplus in a research report on Thursday, February 3rd. Scotiabank boosted their price target on shares of Enerplus from C$16.00 to C$19.00 in a research report on Tuesday, March 8th. Raymond James boosted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Friday, February 25th. BMO Capital Markets boosted their price objective on Enerplus from C$18.00 to C$19.00 in a report on Tuesday, January 25th. Finally, Royal Bank of Canada boosted their price objective on Enerplus from C$14.94 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, February 28th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$18.50.

Shares of TSE ERF opened at C$16.25 on Monday. Enerplus has a fifty-two week low of C$6.12 and a fifty-two week high of C$18.74. The firm’s 50-day simple moving average is C$16.22 and its 200 day simple moving average is C$14.83. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 119.92. The stock has a market cap of C$3.91 billion and a P/E ratio of 13.98.

Enerplus (TSE:ERFGet Rating) (NYSE:ERF) last issued its quarterly earnings data on Thursday, February 24th. The oil and natural gas company reported C$0.50 earnings per share for the quarter. The company had revenue of C$326.26 million for the quarter.

In related news, Senior Officer Ian Charles Dundas sold 64,330 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of C$16.51, for a total value of C$1,061,843.85. Following the completion of the sale, the insider now directly owns 309,852 shares in the company, valued at approximately C$5,114,479.08.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, May 27th will be paid a $0.043 dividend. This is a boost from Enerplus’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, May 26th. This represents a $0.17 annualized dividend and a dividend yield of 1.06%. Enerplus’s payout ratio is presently 11.25%.

About Enerplus (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 (TSE:ERF)

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