10 February 2021 Posted By : MarketBeat

Enerplus (NYSE:ERF) Now Covered by Desjardins

Analysts at Desjardins began coverage on shares of Enerplus (NYSE:ERF) (TSE:ERF) in a research report issued to clients and investors on Friday, The Fly reports. The firm set a "buy" rating on the oil and natural gas company's stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Enerplus in a research note on Thursday, January 21st. They set a "buy" rating for the company. TD Securities lifted their price objective on shares of Enerplus from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday. Zacks Investment Research upgraded shares of Enerplus from a "hold" rating to a "buy" rating and set a $2.25 price objective for the company in a research note on Wednesday, November 11th. BMO Capital Markets lifted their price objective on shares of Enerplus from $6.00 to $6.50 and gave the company an "outperform" rating in a research note on Thursday. Finally, National Bank Financial restated an "outperform" rating on shares of Enerplus in a research note on Wednesday, January 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $5.00.

Enerplus stock opened at $3.65 on Friday. The stock has a 50-day moving average price of $3.36 and a 200 day moving average price of $2.63. The company has a market capitalization of $814.58 million, a price-to-earnings ratio of -0.96 and a beta of 3.18. Enerplus has a 52 week low of $1.15 and a 52 week high of $5.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.53.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Friday, November 6th. The oil and natural gas company reported $0.06 EPS for the quarter. Enerplus had a negative net margin of 130.21% and a positive return on equity of 2.91%. The business had revenue of $144.74 million during the quarter. Research analysts anticipate that Enerplus will post 0.08 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JustInvest LLC increased its holdings in Enerplus by 48.2% in the 4th quarter. JustInvest LLC now owns 22,889 shares of the oil and natural gas company's stock worth $72,000 after acquiring an additional 7,447 shares in the last quarter. Albert D Mason Inc. increased its holdings in Enerplus by 17.3% in the 4th quarter. Albert D Mason Inc. now owns 69,133 shares of the oil and natural gas company's stock worth $216,000 after acquiring an additional 10,175 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in Enerplus by 45.0% in the 3rd quarter. Freestone Capital Holdings LLC now owns 44,785 shares of the oil and natural gas company's stock worth $83,000 after acquiring an additional 13,891 shares in the last quarter. Virtu Financial LLC increased its holdings in Enerplus by 72.4% in the 3rd quarter. Virtu Financial LLC now owns 48,773 shares of the oil and natural gas company's stock worth $91,000 after acquiring an additional 20,481 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in Enerplus in the 3rd quarter worth $40,000. 50.95% of the stock is owned by institutional investors.

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