Capital One Financial Analysts Increase Earnings Estimates for Enerplus (ERF)

Enerplus (TSE:ERF) (NYSE:ERF) – Stock analysts at Capital One Financial boosted their Q1 2018 EPS estimates for shares of Enerplus in a research report issued on Thursday, April 12th, according to Zacks Investment Research. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.29.

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Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Friday, February 23rd. The oil and natural gas company reported C$0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.11 by C$0.23. Enerplus had a return on equity of 3.85% and a net margin of 5.63%. The firm had revenue of C$271.10 million for the quarter, compared to analyst estimates of C$246.00 million.

ERF has been the topic of a number of other research reports. CIBC upped their price objective on Enerplus from C$17.50 to C$18.50 in a report on Monday, February 26th. Barclays boosted their target price on Enerplus from C$16.00 to C$17.00 in a research report on Wednesday, January 17th. Royal Bank of Canada boosted their target price on Enerplus from C$13.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. TD Securities boosted their target price on Enerplus from C$17.50 to C$18.50 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, GMP Securities boosted their target price on Enerplus from C$17.00 to C$18.00 in a research report on Thursday, March 1st. Seven equities research analysts have rated the stock with a buy rating, Enerplus currently has a consensus rating of “Buy” and an average target price of C$18.42.

Shares of ERF stock opened at C$14.96 on Friday. Enerplus has a 1-year low of C$8.97 and a 1-year high of C$15.89.

In related news, insider Daniel John Fitzgerald acquired 13,000 shares of Enerplus stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of C$14.05 per share, for a total transaction of C$182,650.00. Also, insider Shaina Brianne Morihira sold 6,579 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of C$14.04, for a total value of C$92,369.16.

The business also recently disclosed a may 18 dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 27th.

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Enerplus Company Profile

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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