Enerplus (NYSE:ERF) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Enerplus (NYSE:ERF) (TSE:ERF) in a research note issued on Monday. The firm set a “hold” rating on the oil and natural gas company’s stock.

ERF has been the subject of a number of other research reports. CIBC decreased their price objective on Enerplus from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. National Bankshares decreased their price target on shares of Enerplus from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Finally, TD Securities reissued a “tender” rating and set a $18.85 price objective (down previously from $21.00) on shares of Enerplus in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.69.

Enerplus Trading Up 0.5 %

NYSE:ERF opened at $19.93 on Monday. Enerplus has a 12 month low of $13.46 and a 12 month high of $20.97. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $18.53 and a 200-day moving average price of $16.66. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 9.49 and a beta of 1.99.

Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. Enerplus had a return on equity of 40.36% and a net margin of 27.67%. The business had revenue of $437.10 million for the quarter. Equities analysts predict that Enerplus will post 2.06 EPS for the current year.

Institutional Trading of Enerplus

A number of institutional investors and hedge funds have recently bought and sold shares of ERF. Headlands Technologies LLC purchased a new stake in shares of Enerplus during the fourth quarter valued at approximately $29,000. Bessemer Group Inc. bought a new position in Enerplus in the 4th quarter valued at approximately $35,000. Global Retirement Partners LLC purchased a new stake in Enerplus during the 3rd quarter valued at $36,000. Belpointe Asset Management LLC increased its holdings in shares of Enerplus by 80.3% in the 1st quarter. Belpointe Asset Management LLC now owns 2,559 shares of the oil and natural gas company’s stock worth $37,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Enerplus in the first quarter worth $37,000. 58.42% of the stock is currently owned by institutional investors.

Enerplus Company Profile

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.