Enerplus (NYSE:ERF) Issues Earnings Results

Enerplus (NYSE:ERF) (TSE:ERF) issued its earnings results on Friday. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01), MarketWatch Earnings reports. The business had revenue of $256.81 million during the quarter, compared to the consensus estimate of $251.00 million. Enerplus had a return on equity of 18.02% and a net margin of 35.14%. During the same quarter in the previous year, the firm posted $0.35 earnings per share.

Enerplus stock traded down $0.17 during mid-day trading on Friday, reaching $6.50. The stock had a trading volume of 1,517,441 shares, compared to its average volume of 962,893. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.01. Enerplus has a fifty-two week low of $5.50 and a fifty-two week high of $10.40. The stock’s 50-day simple moving average is $6.79 and its 200-day simple moving average is $7.19. The firm has a market capitalization of $1.50 billion, a PE ratio of 5.96 and a beta of 1.65.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.008 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.48%. Enerplus’s dividend payout ratio (DPR) is presently 8.26%.

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A number of equities research analysts have weighed in on the company. Royal Bank of Canada lowered their target price on Enerplus from $14.00 to $13.00 in a report on Friday, October 18th. Capital One Financial upgraded Enerplus from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a report on Friday, September 27th. Zacks Investment Research downgraded Enerplus from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Desjardins reiterated a “buy” rating on shares of Enerplus in a report on Monday, August 12th. Finally, CIBC set a $15.00 target price on Enerplus and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $14.72.

About Enerplus

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, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Earnings History for Enerplus (NYSE:ERF)

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