Enerplus Corp Declares Monthly Dividend of $0.08 (ERF)
Enerplus Corp (NYSE:ERF) declared a monthly dividend on Monday, June 30th, Stock Ratings News reports. Stockholders of record on Wednesday, July 9th will be given a dividend of 0.0839 per share on Monday, July 21st. This represents a $1.01 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Monday, July 7th.
Several analysts have recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Enerplus Corp from C$26.00 to C$32.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. On the ratings front, analysts at CIBC raised their price target on shares of Enerplus Corp from C$27.50 to C$30.00 in a research note on Thursday, June 19th. Finally, analysts at Barclays raised their price target on shares of Enerplus Corp from C$27.00 to C$30.00 in a research note on Thursday, June 19th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Enerplus Corp currently has a consensus rating of “Buy” and a consensus price target of $28.46.
Shares of Enerplus Corp (NYSE:ERF) traded up 1.49% on Monday, hitting $25.18. The stock had a trading volume of 609,764 shares. Enerplus Corp has a 52-week low of $14.43 and a 52-week high of $24.95. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $20.29. The company has a market cap of $5.142 billion and a price-to-earnings ratio of 52.12.
Enerplus Corp (NYSE:ERF) last issued its quarterly earnings data 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 $0.98 EPS for the current fiscal year.
Enerplus Corporation (NYSE:ERF) is a North American crude oil and natural gas exploration and development company.
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