And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. ERF expects to record a significant gain on the $575 million sale of a portion of its Marcellus natural gas interests in Pennsylvania, Maryland and West Virginia. Download the Stockcalc quantitative valuation rating report.
Sign-up to receive the latest news and ratings for Enerplus and its competitors with MarketBeat’s FREE daily newsletter. Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and https://1investing.in/ Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Enerplus’ stock is owned by a number of institutional and retail investors. Top institutional investors include Encompass Capital Advisors LLC (2.20%), Palo Duro Investment Partners LP (2.00%), Westwood Holdings Group Inc. (1.95%), Alliancebernstein L.P. (1.12%), Acadian Asset Management LLC (1.09%) and Bank of Montreal Can (0.89%). 22 employees have rated Enerplus Chief Executive Officer Ian C. Dundas on Glassdoor.com.
How big is Enerplus Corp?
This represents a $0.24 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from the stock’s previous quarterly dividend of $0.01. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Listed below are the stocks expected to move during Tuesday’s trading session. Fitch Ratings expects Canada’s big banks to face a more difficult operating climate in the second… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 6 analysts have issued 12 month price objectives for Enerplus’ shares. Their ERF share price forecasts range from $10.00 to $24.00.
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- The consensus among Wall Street equities research analysts is that investors should “moderate buy” ERF shares.
- According to 2 analysts, the average rating for ERF stock is “Buy.” The 12-month stock price forecast is $21.0, which is an increase of 18.64% from the latest price.
- For example, a price above its moving average is generally considered an upward trend or a buy.
These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of ERF stock can currently be purchased for approximately $17.68. IShares International Developed Small Cap Value Factor ETF holds 67,575 shares of ERF stock, representing 0.66% of its portfolio.
6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Enerplus in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” ERF shares. Enerplus saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,240,000 shares, a decrease of 35.1% from the August 15th total of 4,990,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 2.6 days.
Price Target and Rating
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- Style is calculated by combining value and growth scores, which are first individually calculated.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
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The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held squatters rights india and can be sold either at the well or a fixed destination. Roger Conrad, editor of the Utility Forecaster newsletter, says that differentiation between energy companies has put a premium on stock-picking in the utilities sector. Before marking up share prices significantly — and staying there — Wall Street will need to hear a lot more good news than we’ve had lately.
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On average, they predict the company’s stock price to reach $18.21 in the next year. This suggests a possible upside of 3.0% from the stock’s current price. View analysts price targets for ERF or view top-rated stocks among Wall Street analysts.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. According to 2 analysts, the average rating for ERF stock is “Buy.” The 12-month stock price forecast is $21.0, which is an increase of 18.64% from the latest price. Enerplus announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.06 per share on Friday, September 15th.