Enerplus (NYSE:ERF) PT Raised to $26.00 at National Bankshares

Enerplus (NYSE:ERF – Get Rating) (TSE:ERF) had its target price upped by National Bankshares from $25.00 to $26.00 in a report released on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the oil and natural gas company’s stock.

Several other equities research analysts have also commented on ERF. Scotiabank upgraded shares of Enerplus from a sector perform rating to a sector outperform rating in a research note on Wednesday, June 8th. National Bank Financial raised their price target on shares of Enerplus from $24.00 to $29.00 in a research note on Thursday, June 16th. StockNews.com lowered shares of Enerplus from a strong-buy rating to a buy rating in a research note on Wednesday, June 1st. Royal Bank of Canada raised their price target on shares of Enerplus from $17.00 to $18.00 and gave the stock an outperform rating in a research note on Monday, May 9th. Finally, TheStreet lowered shares of Enerplus from a b- rating to a c+ rating in a research note on Friday, July 15th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $22.89.

Enerplus Trading Up 8.1 %

NYSE:ERF opened at $13.14 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 16.02 and a beta of 2.38. Enerplus has a 52 week low of $4.78 and a 52 week high of $18.58. The firm has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $13.08.

Enerplus (NYSE:ERF – Get Rating) (TSE:ERF) last posted its quarterly earnings data on Thursday, May 5th. The oil and natural gas company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm had revenue of $513.15 million during the quarter. Enerplus had a net margin of 14.62% and a return on equity of 69.73%. On average, equities analysts expect that Enerplus will post 2.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ERF. Northwestern Mutual Wealth Management Co. purchased a new position in Enerplus in the 1st quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC boosted its holdings in Enerplus by 56.8% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 2,292 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 830 shares during the period. Elmwood Wealth Management Inc. bought a new position in Enerplus in the 4th quarter valued at $30,000. Benjamin Edwards Inc. bought a new position in Enerplus in the 4th quarter valued at $32,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Enerplus in the 4th quarter valued at $33,000. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

Enerplus Company Profile

(Get Rating)

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