Enerplus (NYSE:ERF) Receives New Coverage from Analysts at StockNews.com

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

ERF has been the subject of a number of other research reports. TD Securities reaffirmed a tender rating and issued a $18.85 price target (down previously from $21.00) on shares of Enerplus in a report on Thursday, February 22nd. National Bankshares cut their price objective on Enerplus from $25.00 to $21.00 and set an outperform rating for the company in a research note on Wednesday, January 10th. Finally, CIBC cut their price objective on Enerplus from $23.00 to $19.00 and set an outperform rating for the company in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $21.69.

View Our Latest Analysis on ERF

Enerplus Stock Performance

Shares of ERF stock opened at $19.63 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 9.35 and a beta of 1.98. The business has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $16.36. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.09. Enerplus has a 52-week low of $13.46 and a 52-week high of $19.78.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last issued its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $437.10 million during the quarter. Enerplus had a return on equity of 40.36% and a net margin of 27.67%. On average, equities analysts expect that Enerplus will post 1.83 EPS for the current year.

Enerplus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Enerplus’s previous quarterly dividend of $0.06. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.65%. Enerplus’s dividend payout ratio is 12.38%.

Institutional Investors Weigh In On Enerplus

A number of large investors have recently made changes to their positions in ERF. Ninepoint Partners LP acquired a new position in Enerplus in the third quarter valued at approximately $88,150,000. Palo Duro Investment Partners LP acquired a new position in Enerplus in the first quarter valued at approximately $48,125,000. Point72 Asset Management L.P. lifted its holdings 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 acquiring an additional 1,938,370 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Enerplus in the first quarter valued at approximately $20,622,000. Finally, Wellington Management Group LLP lifted its holdings in Enerplus by 74.2% in the first quarter. Wellington Management Group LLP now owns 2,986,433 shares of the oil and natural gas company’s stock valued at $37,906,000 after acquiring an additional 1,271,801 shares during 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 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.

See Also

Analyst Recommendations for Enerplus (NYSE:ERF)

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.