Enerplus (ERF) Issues Quarterly Earnings Results

Enerplus (NYSE:ERF) (TSE:ERF) posted its quarterly earnings data on Friday. 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), MarketWatch Earnings reports. The company had revenue of $183.23 million during the quarter, compared to analyst estimates of $241.51 million. Enerplus had a net margin of 19.43% and a return on equity of 12.94%. During the same quarter in the previous year, the business posted $0.53 EPS.

Shares of NYSE:ERF opened at $13.02 on Friday. Enerplus has a one year low of $8.23 and a one year high of $13.87. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.13 billion, a PE ratio of 19.33 and a beta of 1.28.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Monday, July 30th will be given a dividend of $0.008 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, July 27th. Enerplus’s dividend payout ratio is 11.25%.

Several research firms have weighed in on ERF. Zacks Investment Research upgraded shares of Enerplus from a “sell” rating to a “hold” rating in a research report on Monday, July 9th. SunTrust Banks started coverage on shares of Enerplus in a research report on Thursday, June 14th. They set a “buy” rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Enerplus currently has a consensus rating of “Buy” and an average price target of $15.40.

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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Earnings History for Enerplus (NYSE:ERF)

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