Enerplus Corp (ERF) to Issue C$0.01 Oct 16 Dividend
Enerplus Corp (TSE:ERF) declared a oct 16 dividend on Monday, September 19th. Stockholders of record on Thursday, September 29th will be given a dividend of 0.01 per share on Friday, October 14th. The ex-dividend date of this dividend is Tuesday, September 27th.
Enerplus Corp (TSE:ERF) opened at 7.80 on Tuesday. Enerplus Corp has a 12 month low of $2.68 and a 12 month high of $10.06. The company’s 50 day moving average is $8.90 and its 200-day moving average is $7.32. The company’s market cap is $1.88 billion.
Several research analysts have recently weighed in on the stock. TD Securities decreased their price objective on shares of Enerplus Corp from C$10.00 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, June 22nd. CIBC began coverage on shares of Enerplus Corp in a report on Wednesday, June 15th. They set an “outperform” rating and a C$10.50 target price for the company. BMO Capital Markets reaffirmed a “market perform” rating and set a C$11.00 target price on shares of Enerplus Corp in a report on Tuesday, August 16th. FirstEnergy Capital upped their target price on shares of Enerplus Corp from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Monday, August 8th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$7.25 target price on shares of Enerplus Corp in a report on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$10.13.
About Enerplus Corp
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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