Enerplus Corp (TSE:ERF) (NYSE:ERF) – Stock analysts at SunTrust Banks lifted their Q3 2019 earnings estimates for Enerplus in a research report issued to clients and investors on Sunday, August 11th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will earn $0.28 per share for the quarter, up from their prior estimate of $0.17. SunTrust Banks also issued estimates for Enerplus’ Q4 2019 earnings at $0.33 EPS, FY2020 earnings at $1.30 EPS and FY2021 earnings at $1.38 EPS.
Other research analysts have also recently issued research reports about the company. CIBC lifted their target price on Enerplus from C$14.00 to C$14.50 in a report on Monday. GMP Securities reduced their target price on Enerplus from C$18.00 to C$16.00 in a report on Friday, June 28th. National Bank Financial lifted their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 9th. TD Securities lifted their target price on Enerplus from C$18.50 to C$19.50 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada reduced their target price on Enerplus from C$15.00 to C$14.00 in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Enerplus currently has a consensus rating of “Buy” and a consensus price target of C$16.94.
The business also recently declared a jul 19 dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, July 30th. Enerplus’s dividend payout ratio is currently 6.67%.
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, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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