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

StockNews.com began coverage on shares of Enerplus (NYSE:ERFFree Report) (TSE:ERF) in a research report report published on Sunday morning. The brokerage issued a hold rating on the oil and natural gas company’s stock.

Several other research analysts have also recently weighed in on ERF. National Bankshares lowered their target price on Enerplus from $25.00 to $21.00 and set an outperform rating on the stock in a report on Wednesday, January 10th. CIBC dropped their target price on Enerplus from $23.00 to $19.00 and set an outperform rating for the company in a report on Tuesday, January 16th. Finally, TD Securities reiterated a tender rating and set a $18.85 price target (down previously from $21.00) on shares of Enerplus in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Enerplus currently has an average rating of Moderate Buy and a consensus target price of $21.69.

View Our Latest Report on Enerplus

Enerplus Stock Up 0.0 %

Shares of ERF opened at $20.67 on Friday. The stock has a 50 day moving average price of $17.98 and a 200 day moving average price of $16.56. Enerplus has a one year low of $13.46 and a one year high of $20.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 9.84 and a beta of 1.99.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last issued its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $437.10 million during the quarter. Enerplus had a net margin of 27.67% and a return on equity of 40.36%. Equities research analysts forecast that Enerplus will post 2.06 earnings per share for the current fiscal year.

Enerplus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Enerplus’s previous quarterly dividend of $0.06. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.52%. Enerplus’s dividend payout ratio is currently 12.38%.

Institutional Trading of Enerplus

Several institutional investors and hedge funds have recently bought and sold shares of ERF. Ninepoint Partners LP acquired a new stake in shares of Enerplus during the third quarter valued at about $88,150,000. Palo Duro Investment Partners LP acquired a new stake in Enerplus in the 1st quarter valued at approximately $48,125,000. Point72 Asset Management L.P. raised its position in Enerplus by 1,039.9% in the fourth quarter. Point72 Asset Management L.P. now owns 2,124,770 shares of the oil and natural gas company’s stock valued at $32,602,000 after purchasing an additional 1,938,370 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Enerplus in the first quarter valued at approximately $20,622,000. Finally, Wellington Management Group LLP lifted its stake in Enerplus by 74.2% during the first quarter. Wellington Management Group LLP now owns 2,986,433 shares of the oil and natural gas company’s stock worth $37,906,000 after purchasing an additional 1,271,801 shares in the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

About Enerplus

(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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