Analysts See $0.09 EPS for Enerplus Corp (USA) (ERF)

Mae Love
November 12, 2017

Short shares grew 431,694 over that timeframe. Enerplus Corporation has a consensus rating of Buy and a consensus price target of $14.80.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. now owns 4,950,453 shares of the oil and natural gas company's stock worth $40,198,000 after purchasing an additional 307,273 shares in the last quarter. Private Capital Management Inc. bought a new position in Enerplus Corporation in the second quarter worth approximately $122,000. Boston Partners increased its position in Enerplus Corporation by 0.4% in the 2nd quarter. Canaccord Genuity now has a $16.00 target price on the oil and natural gas company's stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enerplus Corporation by 15.1% in the 2nd quarter. In the latest earnings report the EPS was $3.26 with 242.13M shares presently outstanding. Finally, ARP Americas LLC raised its position in Enerplus Corporation by 53.9% in the second quarter. Ancora Advisors Llc owns 1.45 million shares or 0.64% of their USA portfolio. Institutional investors own 51.25% of the company's stock.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another domain, it was stolen and republished in violation of US & worldwide trademark and copyright laws. The rating was maintained by Desjardins Securities with " on Tuesday, June 28.

The company is now down by 0.05% since yesterday's close of 9.85.

Enerplus Corp has a 52 week low of $7.43 and a 52 week high of $13.55 with a P/E ratio of 4.23 The company's market cap is now $0. Enerplus Corp has a 52-week low of $2.68 and a 52-week high of $12.76. This is assuming the current $0.12 EPS is accurate.

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Enerplus Corporation (NYSE:ERF) (TSE:ERF) last posted its earnings results on Friday, August 11th. Analysts forecast EPS of $0.09, up exactly $0.41 or 128.13 % from 2014's $-0.32 EPS. The firm had revenue of $191.57 million during the quarter, compared to the consensus estimate of $257.94 million. Enerplus Corporation had a return on equity of 14.54% and a net margin of 121.44%. After posting $0.24 EPS for the previous quarter, Enerplus Corp (USA)'s analysts now forecast -62.50 % negative EPS growth.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th will be given a $0.008 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, October 27th. It has a 3.01 P/E ratio. The stock of Enerplus Corp (TSE:ERF) has " rating given on Monday, June 6 by Raymond James. Scotiabank reissued a "buy" rating and issued a $16.00 price objective on shares of Enerplus Corporation in a research note on Tuesday, October 10th. CIBC started coverage on Enerplus Corporation in a research note on Wednesday, October 18th. They set a sector outperform rating for the company.

More recent Enerplus Corp (USA) (NYSE:ERF) news were published by: Fool.ca which released: "Energy Investors: Encana Corporation or Enerplus Corp.?" on May 05, 2016. On Friday, March 10 the stock rating was maintained by TD Securities with "Buy". TD Securities maintained the stock with "Buy" rating in Monday, February 27 report.

On November 9 Canaccord Genuity kept the company rating at "Buy" with a current price target of $16.00.

The value of the company's investment in Enerplus Corp decreased from $661,524,000 to $2,016,000 decreasing 99.7% quarter over quarter.

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