Enerplus Corporation (NYSE: ERF) and Enerplus INC (ERF) (TSE: ERF) offered traders with an up to date analysis word on February 2, in which it mentioned its up to date expectations for the earnings per share that Enerplus will report for the first quarter of 2023.
B. Velie, an analyst at Capital One Financial, predicts that the oil and gasoline enterprise will earn $0.93 per share in the fourth quarter, which is decrease than the preliminary projection of $0.99 per share.
The most up-to-date forecasts point out that Enerplus’s complete earnings for the present fiscal 12 months will quantity to $2.67 per share, which shall be distributed to the firm’s shareholders.
In addition, Capital One Financial forecasts that Enerplus will generate earnings of $0.87 per share in the second quarter of 2023, $0.92 per share in the third quarter, $0.97 per share in the fourth quarter, and $3.69 per share for the whole 12 months.
These earnings projections are based mostly on the firm’s present share worth.
Enerplus (TSE: ERF) (NYSE: ERF) divulged the outcomes of its most up-to-date quarterly earnings report on Thursday, November 3, 2018.
The quarterly earnings for the oil and gasoline business got here in at C$1.14 per share, considerably greater than the consensus forecast of $0.92 per share amongst business analysts, which was solely C$0.92 per share.
The sum of all the income the firm introduced in for the interval was 940.16 million Canadian {dollars}.
ERF inventory was first provided on the market to the public on Monday for 22.41 Canadian {dollars} per share. Over a single 12 months, Enerplus skilled a document low of $14.28 and a document excessive of $25.72 in its share worth.
The firm’s market capitalization is at present valued at $5.03 billion, and its price-to-earnings ratio stands at 5.32.
In Canadian {dollars}, this firm’s easy transferring common over the previous 50 days is $23.19, and its easy transferring common over the previous 200 days is $21.64.
The debt-to-equity ratio is 49.52, and the present and fast ratios, respectively, are each 0.65 and 0.61.
The debt-to-equity ratio is the ratio of complete debt to complete fairness.
ERF has been the subject of dialogue in a range of different articles which were printed.
BMO Capital Markets introduced in a analysis word printed on Tuesday, December 13, that they’d be reducing their worth goal on Enerplus shares from C$20.00 to C$19.00.
The earlier worth goal was $20.00.
In a analysis report that was made public on January 16, Stifel Nicolaus said that the worth goal that they had established for Enerplus shares had decreased from the earlier degree of C$33.00 (Canadian) to C$30.50 (Canadian).
In a analysis word dated January 18, Barclays set a worth goal of Canadian $28.00 for Enerplus shares and assigned the firm’s inventory the score of “equal weight.” Barclays additionally assigned a worth goal of Canadian $28.00 for Enerplus shares. Finally, in a report made accessible to the public on Thursday, October 13, Scotiabank lowered their score on Enerplus shares from “outperform” to “sector carry out” whereas elevating their worth goal from C$25.00 to C$26.00.
Three analysis specialists have given the enterprise a purchase suggestion, whereas solely two have beneficial that traders preserve their shares.
Enerplus has been rated “Moderate Buy” and has a median worth goal of 22.86 Canadian {dollars} on the web site Bloomberg.com.
This score signifies {that a} “Moderate Buy” is beneficial for the inventory.
On December 31, Senior Officer Ian Charles Dundas bought 157,819 Enerplus inventory shares, as reported in different Enerplus information.
This piece of information was included in the sentence that got here earlier than it.
The shares have been bought for a complete quantity of $3,505,065.30, which is equal to a worth of C$22.21 per share and represents the common worth of the shares.
As a consequence of the profitable transaction completion, the firm insider owns 324,352 shares of the firm, which have a mixed worth of roughly 7,203,663.31 Canadian {dollars}.
The Enerplus Corporation and its subsidiaries and associates are concerned in the discovery of crude oil and pure gasoline and the finishing up of growth actions in each the United States and Canada.
In addition to the Canadian provinces of Alberta, British Columbia, and Saskatchewan, most of the firm’s oil and pure gasoline assets could be discovered in the U.S. states of North Dakota, Colorado, and Pennsylvania.
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