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Enerplus Corp (NYSE:ERF) reached a new 52-week high during trading on Friday , Analyst Ratings Network.com reports. The stock traded as high as $22.66 and last traded at $22.53, with a volume of 233,470 shares trading hands. The stock had previously closed at $22.31.

Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Enerplus Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 20th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Enerplus Corp in a research note on Wednesday, May 14th. Finally, analysts at Zacks upgraded shares of Enerplus Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $23.20 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.05.

The stock has a 50-day moving average of $21. and a 200-day moving average of $19.47. The company has a market cap of $4.637 billion and a price-to-earnings ratio of 47.77.

Enerplus Corp (NYSE:ERF) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Analysts expect that Enerplus Corp will post $0.92 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0828 per share. This represents a $0.99 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, June 3rd.

Enerplus Corporation (NYSE:ERF) is a North American crude oil and natural gas exploration and development company.

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