Enerplus Corp. (ERF) Trading 3.5% Higher
Enerplus Corp. (NYSE:ERF)’s share price traded up 3.5% during trading on Friday . The stock traded as high as $7.19 and last traded at $7.16, with a volume of 427,715 shares changing hands. The stock had previously closed at $6.92.
Several equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of Enerplus Corp. from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 9th. Macquarie raised shares of Enerplus Corp. from a “neutral” rating to an “outperform” rating in a research report on Monday, June 6th. Zacks Investment Research raised shares of Enerplus Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Canaccord Genuity assumed coverage on shares of Enerplus Corp. in a research report on Wednesday, August 17th. They set a “buy” rating for the company. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $11.00 price objective on shares of Enerplus Corp. in a research report on Wednesday, June 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Enerplus Corp. has a consensus rating of “Buy” and a consensus target price of $9.00.
The company’s market cap is $1.70 billion. The company has a 50 day moving average of $6.72 and a 200 day moving average of $5.33.
Enerplus Corp. (NYSE:ERF) last released its quarterly earnings data on Friday, August 5th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.67. The firm had revenue of $152.40 million for the quarter, compared to the consensus estimate of $158.40 million. During the same period in the prior year, the firm earned ($1.52) earnings per share. Equities research analysts predict that Enerplus Corp. will post ($0.96) earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a $0.0077 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, August 29th.
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.