Enerplus Corp to Post Q4 2019 Earnings of $0.28 Per Share, SunTrust Banks Forecasts (TSE:ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) – Equities researchers at SunTrust Banks reduced their Q4 2019 earnings estimates for Enerplus in a research report issued on Sunday, November 10th. SunTrust Banks analyst N. Dingmann now expects that the oil and natural gas company will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.33. SunTrust Banks also issued estimates for Enerplus’ Q1 2020 earnings at $0.26 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.28 EPS, FY2020 earnings at $1.09 EPS, Q1 2021 earnings at $0.25 EPS, Q2 2021 earnings at $0.28 EPS, Q3 2021 earnings at $0.29 EPS and FY2021 earnings at $1.11 EPS.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its earnings results on Friday, August 9th. The oil and natural gas company reported C$0.36 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.12. The firm had revenue of C$321.46 million during the quarter, compared to the consensus estimate of C$304.16 million.

A number of other analysts have also commented on ERF. CIBC boosted their price objective on Enerplus from C$14.00 to C$14.50 in a report on Monday, August 12th. Capital One Financial raised Enerplus from an “equal weight” rating to an “overweight” rating in a report on Friday. Royal Bank of Canada decreased their price objective on Enerplus from C$14.00 to C$13.00 in a report on Friday, October 18th. Finally, National Bank Financial boosted their price objective on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$16.81.

Shares of ERF opened at C$8.51 on Tuesday. The company has a debt-to-equity ratio of 34.72, a quick ratio of 0.87 and a current ratio of 1.01. The stock has a 50 day moving average price of C$8.88 and a two-hundred day moving average price of C$9.51. The firm has a market capitalization of $1.94 billion and a P/E ratio of 4.70. Enerplus has a 52 week low of C$7.32 and a 52 week high of C$13.70.

The business also recently announced a nov 19 dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 30th. Enerplus’s dividend payout ratio is currently 6.63%.

Enerplus 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, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Earnings History and Estimates for Enerplus (TSE:ERF)

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