Enerplus Corp (NYSE:ERF) (TSE:ERF)’s share price traded down 6.5% during trading on Thursday . The company traded as low as $8.95 and last traded at $9.03. 2,985,593 shares were traded during mid-day trading, an increase of 212% from the average session volume of 955,693 shares. The stock had previously closed at $9.66.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Enerplus from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Raymond James reiterated a “buy” rating and issued a $25.50 price target on shares of Enerplus in a research note on Monday. ValuEngine downgraded Enerplus from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet downgraded Enerplus from a “c” rating to a “d+” rating in a research note on Thursday, August 16th. Finally, SunTrust Banks set a $15.00 price target on Enerplus and gave the stock a “buy” rating in a research note on Tuesday, November 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.63.
The company has a market capitalization of $2.35 billion, a P/E ratio of 11.29 and a beta of 1.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.34.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its earnings results on Friday, November 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Enerplus had a return on equity of 12.80% and a net margin of 13.12%. The business had revenue of $244.50 million during the quarter, compared to the consensus estimate of $264.36 million. Research analysts expect that Enerplus Corp will post 0.61 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 29th will be issued a $0.0076 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $0.09 dividend on an annualized basis and a yield of 1.00%. Enerplus’s dividend payout ratio is currently 11.25%.
A number of hedge funds and other institutional investors have recently modified their holdings of ERF. Quantbot Technologies LP bought a new position in Enerplus in the third quarter worth about $130,000. Sei Investments Co. bought a new position in Enerplus in the second quarter worth about $146,000. FIL Ltd bought a new position in Enerplus in the third quarter worth about $148,000. Worth Venture Partners LLC bought a new position in Enerplus in the third quarter worth about $149,000. Finally, Virtu Financial LLC bought a new position in Enerplus in the third quarter worth about $161,000. 53.81% of the stock is currently owned by hedge funds and other institutional investors.
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About Enerplus (NYSE:ERF)
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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