Enerplus Corp (NYSE:ERF) (TSE:ERF) announced a monthly dividend on Thursday, September 19th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.008 per share by the oil and natural gas company on Tuesday, October 15th. This represents a $0.10 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, September 27th.
Enerplus has decreased its dividend by an average of 45.2% per year over the last three years.
ERF traded up $0.10 during midday trading on Friday, hitting $6.65. 1,155,436 shares of the company traded hands, compared to its average volume of 1,321,539. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.10 and a beta of 1.63. Enerplus has a 52-week low of $5.50 and a 52-week high of $11.97. The business has a 50 day simple moving average of $7.09 and a two-hundred day simple moving average of $7.53.
Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings data on Friday, August 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The business had revenue of $240.33 million for the quarter, compared to the consensus estimate of $232.00 million. Enerplus had a net margin of 35.14% and a return on equity of 18.02%. During the same period last year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Enerplus will post 0.83 earnings per share for the current year.
ERF has been the subject of a number of research analyst reports. CIBC set a $15.00 price objective on shares of Enerplus and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine raised shares of Enerplus from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Enerplus from a “buy” rating to a “hold” rating in a research report on Friday. Desjardins reissued a “buy” rating on shares of Enerplus in a research report on Monday, August 12th. Finally, Capital One Financial raised shares of Enerplus from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a research report on Friday, September 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $14.96.
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.
Read More: What is a Candlestick Chart?
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.