Capital One Financial Analysts Cut Earnings Estimates for Enerplus Co. (TSE:ERF)

Enerplus Co. (TSE:ERF) (NYSE:ERF) – Investigate analysts at Capital A person Fiscal decreased their Q1 2022 EPS estimates for Enerplus in a report issued on Wednesday, January 5th. Money Just one Money analyst B. Velie now anticipates that the oil and normal gasoline organization will gain $.62 for every share for the quarter, down from their prior estimate of $.67. Money One particular Monetary also issued estimates for Enerplus’ Q2 2022 earnings at $.62 EPS and Q4 2022 earnings at $.67 EPS. Enerplus (TSE:ERF) (NYSE:ERF) previous posted its quarterly earnings details on Thursday, November 4th. The oil and organic gasoline organization noted C$.41 earnings for each share for the quarter, missing analysts’ consensus estimates of C$.48 by C($.07). The business experienced earnings of C$452.27 million for the quarter.

A number of other equities study analysts have also weighed in on ERF. TD Securities elevated their price tag objective on shares of Enerplus from C$13.00 to C$14.00 and gave the inventory a “invest in” ranking in a exploration note on Friday, November 5th. Countrywide Bankshares lifted their value focus on on shares of Enerplus from C$17.00 to C$19.00 in a exploration note on Thursday. Scotiabank lifted their selling price concentrate on on shares of Enerplus from C$13.50 to C$15.00 in a exploration note on Friday, November 19th. Raymond James raised their value target on shares of Enerplus from C$15.00 to C$15.50 and gave the enterprise an “outperform” ranking in a analysis be aware on Friday, November 5th. Finally, BMO Money Marketplaces elevated their value concentrate on on shares of Enerplus from C$14.00 to C$15.00 and gave the enterprise a “na” rating in a investigation take note on Friday, November 5th. Eight expenditure analysts have rated the inventory with a purchase rating, According to MarketBeat.com, the company has an typical ranking of “Obtain” and a consensus target price tag of C$15.05.

ERF opened at C$14.07 on Monday. The company has a market cap of C$3.59 billion and a price-to-earnings ratio of -24.99. Enerplus has a fifty-two 7 days minimal of C$3.94 and a fifty-two 7 days higher of C$14.44. The company’s 50-working day going ordinary selling price is C$12.79 and its 200 day relocating common price is C$10.09. The firm has a rapid ratio of .44, a present-day ratio of .45 and a personal debt-to-fairness ratio of 165.66.

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In other Enerplus news, Senior Officer Ian Charles Dundas acquired 5,000 shares of Enerplus inventory in a transaction that happened on Friday, November 19th. The inventory was procured at an normal price of C$12.04 per share, for a complete transaction of C$60,202.50. Pursuing the completion of the acquisition, the insider now owns 299,852 shares of the firm’s stock, valued at roughly C$3,610,368.01.

The organization also lately introduced a quarterly dividend, which was paid out on Wednesday, December 15th. Traders of history on Tuesday, November 30th were being issued a dividend of $.041 for every share. This represents a $.16 dividend on an annualized basis and a yield of 1.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a strengthen from Enerplus’s previous quarterly dividend of $.04. The ex-dividend date of this dividend was Monday, November 29th. Enerplus’s dividend payout ratio (DPR) is presently -25.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Enerplus

Enerplus Company, together with subsidiaries, engages in the exploration and growth of crude oil and natural gas in the United States and Canada. The company’s oil and all-natural fuel homes are located primarily in North Dakota, Montana, Colorado, and Pennsylvania and Alberta, British Columbia, and Saskatchewan.

Read A lot more: Commodities

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