Enerplus Corp (ERF) Receives Average Recommendation of “Hold” from Brokerages

Enerplus Corp (NYSE:ERF) (TSE:ERF) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.67.

Several research analysts have recently weighed in on the stock. TheStreet cut shares of Enerplus from a “c” rating to a “d+” rating in a report on Thursday, August 16th. ValuEngine cut shares of Enerplus from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of Enerplus from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th.

ERF opened at $9.73 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Enerplus has a twelve month low of $8.25 and a twelve month high of $13.87. The company has a market cap of $2.29 billion, a PE ratio of 12.16 and a beta of 1.55.

Enerplus (NYSE:ERF) (TSE:ERF) last released its quarterly earnings data on Friday, August 10th. The oil and natural gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.20). Enerplus had a net margin of 7.88% and a return on equity of 8.84%. The company had revenue of $183.23 million for the quarter, compared to analysts’ expectations of $241.51 million. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, research analysts predict that Enerplus will post 0.75 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, October 30th will be issued a dividend of $0.0077 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.95%. This is a boost from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Monday, October 29th. Enerplus’s payout ratio is presently 11.25%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Enerplus by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,482,563 shares of the oil and natural gas company’s stock valued at $16,694,000 after buying an additional 4,509 shares during the period. PNC Financial Services Group Inc. grew its position in Enerplus by 53.8% during the second quarter. PNC Financial Services Group Inc. now owns 14,874 shares of the oil and natural gas company’s stock valued at $188,000 after buying an additional 5,206 shares during the period. CIBC Asset Management Inc grew its position in Enerplus by 3.5% during the second quarter. CIBC Asset Management Inc now owns 172,226 shares of the oil and natural gas company’s stock valued at $2,172,000 after buying an additional 5,796 shares during the period. Creative Planning grew its position in Enerplus by 72.2% during the second quarter. Creative Planning now owns 19,174 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 8,040 shares during the period. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Enerplus during the second quarter valued at approximately $105,000. Institutional investors own 51.28% of the company’s stock.

About Enerplus

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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