The price of Enerplus Corporation (NYSE:ERF) shares last traded on Wall Street rose 0.57% to $17.72.
Based on available information, 13 analysts follow Enerplus Corporation (NYSE:ERF). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.16 and a low of $17.74, we find $21.00. Given the previous closing price of $17.62, this indicates a potential upside of 19.18 percent. ERF stock price is now 1.78% away from the 50-day moving average and 19.86% away from the 200-day moving average. The market capitalization of the company currently stands at $3.73B.
Among analysts, 2 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $20.85 as their price target over the next twelve months.
, while the Scotiabank previously rated the stock as ‘Sector Outperform’ on August 26, 2021.
A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ERF stock. A new stake in Enerplus Corporation shares was purchased by EAGLE ASSET MANAGEMENT INC during the first quarter worth $5,444,000. O’SHAUGHNESSY ASSET MANAGEMENT, LLC invested $1,217,000 in shares of ERF during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Enerplus Corporation valued at approximately $1,143,000. FINANCIAL ADVOCATES INVESTMENT MANAGEMENT acquired a new stake in ERF for approximately $463,000. ARETE WEALTH ADVISORS, LLC purchased a new stake in ERF valued at around $429,000 in the second quarter. In total, there are 283 active investors with 28.30% ownership of the company’s stock.
A candlestick chart of Enerplus Corporation (NYSE: ERF) showed a price of $17.80 on Tuesday morning. During the past 12 months, Enerplus Corporation has had a low of $9.98 and a high of $19.23. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for ERF is $17.41 and a two-hundred day moving average price translates $14.78 for the stock.
The latest earnings results from Enerplus Corporation (NYSE: ERF) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.6 by 0.12. This compares to $0.38 EPS in the same period last year. The company reported revenue of $720.53 million for the quarter, compared to $363.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 98.12 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/30/2022 were paid a $0.055 dividend. On an annualized basis, this represents a $0.30 dividend and a 1.69% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend.
Enerplus Corporation(ERF) 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. The company’s oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.