Enerplus Corp (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Tuesday, June 18th, NASDAQ reports. Investors of record on Friday, June 28th will be given a dividend of 0.007 per share by the oil and natural gas company on Monday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, June 27th.
Enerplus has decreased its dividend payment by an average of 45.2% annually over the last three years.
NYSE:ERF traded up $0.16 during midday trading on Wednesday, reaching $7.65. The stock had a trading volume of 7,832 shares, compared to its average volume of 843,896. Enerplus has a 1-year low of $6.53 and a 1-year high of $13.87. The business has a fifty day moving average price of $7.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $1.77 billion, a PE ratio of 6.87 and a beta of 1.74.
Enerplus (NYSE:ERF) (TSE:ERF) last posted its earnings results on Friday, May 10th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $216.21 million for the quarter, compared to analyst estimates of $215.00 million. Enerplus had a net margin of 31.33% and a return on equity of 14.62%. During the same period last year, the business posted $0.12 EPS. As a group, equities research analysts expect that Enerplus will post 1 EPS for the current year.
Several analysts have issued reports on the stock. Raymond James restated an “average” rating and issued a $21.50 price target on shares of Enerplus in a research report on Monday, May 13th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Enerplus in a research report on Tuesday, April 9th. Finally, Zacks Investment Research lowered shares of Enerplus from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.44.
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.
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