Enerplus Corp (ERF) Announces Jul 17 Dividend of $0.01
Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a jul 17 dividend on Monday, June 19th, RTT News reports. Shareholders of record on Thursday, June 29th will be paid a dividend of 0.01 per share by the oil and natural gas company on Friday, July 14th. The ex-dividend date is Tuesday, June 27th.
Shares of Enerplus Corp (TSE ERF) traded down 0.75% during midday trading on Monday, reaching $10.58. The company’s stock had a trading volume of 208,980 shares. Enerplus Corp has a one year low of $7.43 and a one year high of $13.55. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $11.34. The company has a market capitalization of $2.56 billion and a P/E ratio of 3.94.
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Several analysts have recently issued reports on ERF shares. Scotiabank reiterated an “outperform” rating and issued a C$16.50 price objective on shares of Enerplus Corp in a research note on Friday, March 10th. TD Securities increased their price objective on Enerplus Corp from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Monday, May 15th. Royal Bank Of Canada increased their price objective on Enerplus Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Finally, Raymond James Financial, Inc. increased their price objective on Enerplus Corp from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, May 15th. Ten equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$15.08.
Enerplus Corp Company Profile
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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