Enerplus Corp (ERF) Plans Aug 17 Dividend of $0.01
Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a aug 17 dividend on Thursday, July 20th, RTT News reports. Investors of record on Monday, July 31st will be paid a dividend of 0.01 per share by the oil and natural gas company on Tuesday, August 15th. The ex-dividend date is Thursday, July 27th.
Shares of Enerplus Corp (ERF) traded down 1.18% during trading on Thursday, hitting $10.87. 205,642 shares of the company traded hands. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $11.07. Enerplus Corp has a 52 week low of $7.43 and a 52 week high of $13.55. The company has a market capitalization of $2.63 billion and a price-to-earnings ratio of 4.05.
A number of research firms have commented on ERF. Royal Bank Of Canada raised their target price on shares of Enerplus Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. raised their target price on shares of Enerplus Corp from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research report on Monday, May 8th. Scotiabank raised their target price on shares of Enerplus Corp from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research report on Monday, May 8th. Capital One Financial Corporation reissued an “overweight” rating on shares of Enerplus Corp in a research report on Tuesday, July 11th. Finally, TD Securities raised their target price on shares of Enerplus Corp from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Monday, May 15th. Eleven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$15.08.
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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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