Enerplus Corp Declares Nov 17 Dividend of $0.01 (ERF)
Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a nov 17 dividend on Thursday, October 19th, RTT News reports. Investors of record on Monday, October 30th will be paid a dividend of 0.01 per share by the oil and natural gas company on Wednesday, November 15th. The ex-dividend date of this dividend is Friday, October 27th.
Shares of Enerplus Corp (ERF) opened at 10.99 on Thursday. Enerplus Corp has a 52 week low of $8.50 and a 52 week high of $13.55. The company’s 50-day moving average is $11.52 and its 200 day moving average is $10.93. The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 2.89.
ERF has been the topic of a number of research reports. Barclays PLC dropped their target price on shares of Enerplus Corp from C$15.00 to C$14.00 in a report on Monday, July 24th. Capital One Financial Corporation reissued an “overweight” rating on shares of Enerplus Corp in a report on Tuesday, July 11th. Raymond James Financial, Inc. increased their target price on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Monday, August 14th. Finally, TD Securities increased their target price on shares of Enerplus Corp from C$13.00 to C$15.00 in a report on Monday, August 14th. Ten analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$15.25.
In related news, Director Glen Dawson Roane sold 20,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total value of C$243,800.00.
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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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