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Enerplus Co. (NYSE:ERF – Get Score) (TSE:ERF) – Capital Just one Fiscal dropped their Q1 2023 earnings estimates for Enerplus in a investigation observe issued to buyers on Tuesday, March 14th. Money 1 Economical analyst B. Velie now anticipates that the oil and all-natural fuel enterprise will submit earnings of $.66 for each share for the quarter, down from their prior estimate of $.70. The consensus estimate for Enerplus’ existing complete-yr earnings is $2.71 for each share. Funds Just one Economic also issued estimates for Enerplus’ Q2 2023 earnings at $.62 EPS, Q3 2023 earnings at $.67 EPS, Q4 2023 earnings at $.69 EPS, FY2023 earnings at $2.64 EPS, FY2024 earnings at $2.78 EPS and FY2025 earnings at $2.92 EPS.
ERF has been the matter of a variety of other investigation reports. Scotiabank cut their concentrate on rate on shares of Enerplus from C$26.00 to C$25.00 in a investigation report on Tuesday, January 17th. Barclays assumed protection on shares of Enerplus in a analysis report on Wednesday, January 18th. They set an “equal fat” ranking for the firm. Two investigation analysts have rated the stock with a maintain score and five have assigned a obtain score to the company’s stock. According to knowledge from MarketBeat, the stock has an regular ranking of “Average Get” and an common concentrate on rate of $24.75.
Enerplus Stock Performance
Shares of ERF opened at $14.50 on Wednesday. The corporation has a present-day ratio of .81, a quick ratio of .81 and a debt-to-fairness ratio of .17. The stock has a marketplace cap of $3.16 billion, a P/E ratio of 3.79 and a beta of 2.19. The corporation has a 50-day shifting ordinary of $16.69 and a two-hundred day relocating typical of $16.61. Enerplus has a 12-month reduced of $11.00 and a 12-month significant of $19.23.
Enerplus Will increase Dividend
The company also lately declared a quarterly dividend, which will be paid out on Wednesday, March 15th. Investors of record on Monday, March 6th will be issued a $.111 dividend. This represents a $.44 dividend on an annualized foundation and a produce of 3.06%. This is an maximize from Enerplus’s past quarterly dividend of $.06. The ex-dividend date of this dividend is Friday, March 3rd. Enerplus’s payout ratio is presently 5.74%.
Institutional Traders Weigh In On Enerplus
A amount of institutional investors have recently acquired and bought shares of ERF. Belpointe Asset Administration LLC bought a new stake in Enerplus throughout the fourth quarter really worth around $25,000. CWM LLC procured a new stake in Enerplus through the third quarter truly worth approximately $27,000. Bessemer Group Inc. procured a new posture in shares of Enerplus in the fourth quarter valued at $35,000. Quantbot Systems LP obtained a new place in shares of Enerplus in the 1st quarter valued at $37,000. Lastly, Rockefeller Cash Management L.P. boosted its stake in shares of Enerplus by 323.% in the fourth quarter. Rockefeller Money Administration L.P. now owns 3,012 shares of the oil and organic gas firm’s inventory valued at $53,000 immediately after buying an additional 2,300 shares during the time period. 53.01% of the stock is at this time owned by hedge funds and other institutional buyers.
Enerplus Corporation Profile
Enerplus Corp. engages in the exploration and generation of crude oil and purely natural gas. It conducts functions in Willston Basin, Marcellus Shale, and Canadian Waterfloods. The company retains passions in North Dakota, Colorado, Pennsylvania, and in the provinces of Alberta and Saskatchewan. The company was founded in 1986 and is headquartered in Calgary, Canada.
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