Enerplus (NYSE:ERF – Get Free Report) (TSE:ERF) had its price target boosted by Royal Bank of Canada from $19.00 to $21.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 17.91% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. TD Securities increased their price target on shares of Enerplus from $17.50 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. StockNews.com lowered Enerplus from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Raymond James lifted their price target on Enerplus from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Finally, BMO Capital Markets raised their price objective on Enerplus from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Enerplus presently has an average rating of “Moderate Buy” and a consensus price target of $23.71.
Enerplus Trading Up 0.3 %
Shares of NYSE ERF traded up $0.06 during trading hours on Friday, hitting $17.81. The company’s stock had a trading volume of 466,070 shares, compared to its average volume of 1,174,285. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 4.85 and a beta of 2.18. Enerplus has a 12 month low of $12.84 and a 12 month high of $19.23. The business has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $15.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71.
Enerplus (NYSE:ERF – Get Free Report) (TSE:ERF) last announced its quarterly earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Enerplus had a return on equity of 57.30% and a net margin of 41.72%. The business had revenue of $350.94 million during the quarter. On average, analysts anticipate that Enerplus will post 2.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Enerplus
Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in shares of Enerplus by 4.5% in the 1st quarter. Signaturefd LLC now owns 25,070 shares of the oil and natural gas company’s stock worth $361,000 after purchasing an additional 1,087 shares during the period. Toronto Dominion Bank increased its position in Enerplus by 0.3% in the first quarter. Toronto Dominion Bank now owns 321,492 shares of the oil and natural gas company’s stock worth $4,624,000 after buying an additional 1,091 shares in the last quarter. US Bancorp DE grew its stake in shares of Enerplus by 3.4% during the 2nd quarter. US Bancorp DE now owns 33,252 shares of the oil and natural gas company’s stock valued at $481,000 after acquiring an additional 1,091 shares during the period. Belpointe Asset Management LLC lifted its holdings in Enerplus by 80.3% during the first quarter. Belpointe Asset Management LLC now owns 2,559 shares of the oil and natural gas company’s stock valued at $37,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Enerplus by 9.4% in the fourth quarter. Cerity Partners LLC now owns 14,177 shares of the oil and natural gas company’s stock worth $250,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors own 56.60% of the company’s stock.
Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
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