Equities Analysts Issue Forecasts for Enerplus Corp’s FY2018 Earnings (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) – Research analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for Enerplus in a research report issued on Monday, November 19th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and natural gas company will post earnings per share of $0.90 for the year, up from their previous forecast of $0.86. SunTrust Banks also issued estimates for Enerplus’ Q4 2018 earnings at $0.38 EPS and FY2020 earnings at $1.79 EPS.
A number of other research analysts also recently weighed in on ERF. BMO Capital Markets upped their price target on Enerplus from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. National Bank Financial dropped their price target on Enerplus from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 13th. TD Securities upped their price target on Enerplus from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Raymond James upped their price target on Enerplus from C$23.50 to C$24.50 and gave the stock an “outperform” rating in a research note on Monday, August 13th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Enerplus currently has a consensus rating of “Buy” and an average target price of C$20.63.
In related news, insider Edward Mclaughlin acquired 4,000 shares of the stock in a transaction dated Thursday, September 13th. The stock was purchased at an average cost of C$11.72 per share, with a total value of C$46,880.00. Also, Director Glen Dawson Roane sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of C$16.51, for a total value of C$165,100.00. Over the last three months, insiders bought 11,500 shares of company stock valued at $136,810.
The business also recently disclosed a dec 18 dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 29th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, November 28th. Enerplus’s dividend payout ratio (DPR) is presently 20.58%.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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