Enerplus Corp Declares Monthly Dividend of $0.08 (ERF)
Enerplus Corp (NYSE:ERF) declared a monthly dividend on Tuesday, August 26th, American Banking and Market News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.0821 per share on Friday, September 19th. This represents a $0.98 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on ERF shares. 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $29.33.
Enerplus Corp (NYSE:ERF) traded up 1.05% on Tuesday, hitting $22.19. 417,787 shares of the company’s stock traded hands. Enerplus Corp has a 52 week low of $15.53 and a 52 week high of $25.37. The stock’s 50-day moving average is $22.92 and its 200-day moving average is $21.76. The company has a market cap of $4.554 billion and a P/E ratio of 46.04.
Enerplus Corp (NYSE:ERF) last announced its earnings results on Friday, August 8th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.08. On average, analysts predict that Enerplus Corp will post $1.10 earnings per share 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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