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

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

Several other brokerages also recently issued reports on ERF. TD Securities increased their price objective on shares of Enerplus from $19.07 to $20.09 and gave the stock a “sell” rating in a research report on Thursday, May 9th. Royal Bank of Canada cut shares of Enerplus from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $21.00 to $22.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Enerplus presently has an average rating of “Hold” and an average price target of $21.87.

Check Out Our Latest Stock Analysis on Enerplus

Enerplus Stock Performance

ERF opened at $20.09 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 11.16 and a beta of 1.97. The firm has a 50 day simple moving average of $20.11 and a 200 day simple moving average of $17.45. Enerplus has a fifty-two week low of $13.46 and a fifty-two week high of $20.97.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last issued its earnings results on Wednesday, May 8th. The oil and natural gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Enerplus had a net margin of 24.09% and a return on equity of 33.88%. The firm had revenue of $362.04 million during the quarter. On average, sell-side analysts anticipate that Enerplus will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Enerplus

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new position in shares of Enerplus in the 1st quarter worth approximately $2,826,000. Virtu Financial LLC bought a new stake in Enerplus during the 1st quarter valued at $2,146,000. Tidal Investments LLC increased its stake in Enerplus by 44.3% during the 1st quarter. Tidal Investments LLC now owns 25,883 shares of the oil and natural gas company’s stock valued at $509,000 after purchasing an additional 7,943 shares in the last quarter. Elkhorn Partners Limited Partnership bought a new stake in Enerplus during the 1st quarter valued at $1,331,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Enerplus in the 1st quarter worth $615,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Enerplus Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Enerplus (NYSE:ERF)

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