Enerplus Corp (ERF) Director Sells C$238,400.00 in Stock
Enerplus Corp (TSE:ERF) (NYSE:ERF) Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$11.92, for a total transaction of C$238,400.00.
Shares of Enerplus Corp (ERF) traded up 2.68% on Thursday, reaching $12.24. 780,601 shares of the company traded hands. The company has a market capitalization of $2.96 billion and a PE ratio of 3.22. Enerplus Corp has a 52-week low of $7.43 and a 52-week high of $13.55. The firm has a 50-day moving average of $11.11 and a 200-day moving average of $10.79.
The business also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 28th will be given a $0.01 dividend. The ex-dividend date is Wednesday, September 27th.
Several research firms recently commented on ERF. TD Securities boosted their price objective on shares of Enerplus Corp from C$13.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. boosted their price objective on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Barclays PLC boosted their price objective on shares of Enerplus Corp from C$14.00 to C$15.00 in a research report on Monday, August 14th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Enerplus Corp in a research report on Tuesday, July 11th. Ten 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$15.25.
About Enerplus Corp
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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