Enerplus Corp. (ERF) to Issue Monthly Dividend of $0.01 on October 14th
Enerplus Corp. (NYSE:ERF) announced a monthly dividend on Monday, September 19th. Shareholders of record on Thursday, September 29th will be paid a dividend of 0.0076 per share on Friday, October 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, September 27th.
A number of equities research analysts have weighed in on ERF shares. Raymond James Financial Inc. started coverage on Enerplus Corp. in a report on Monday, June 6th. They issued an “outperform” rating on the stock. Macquarie raised Enerplus Corp. from a “neutral” rating to an “outperform” rating in a report on Monday, June 6th. Canaccord Genuity started coverage on Enerplus Corp. in a report on Wednesday, August 17th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Enerplus Corp. in a report on Wednesday, June 22nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Enerplus Corp. has a consensus rating of “Buy” and an average target price of $9.00.
Shares of Enerplus Corp. (NYSE:ERF) opened at 6.11 on Thursday. Enerplus Corp. has a 1-year low of $1.84 and a 1-year high of $7.82. The company has a 50-day moving average price of $6.82 and a 200-day moving average price of $5.66. The stock’s market cap is $1.47 billion.
Enerplus Corp. (NYSE:ERF) last posted its quarterly earnings data on Friday, August 5th. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.67. Enerplus Corp. had a negative net margin of 155.95% and a negative return on equity of 60.19%. The company had revenue of $152.40 million for the quarter, compared to analyst estimates of $158.40 million. During the same quarter in the prior year, the business earned ($1.52) EPS. On average, equities analysts expect that Enerplus Corp. will post ($0.94) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of ERF. Parametric Portfolio Associates LLC boosted its stake in shares of Enerplus Corp. by 49.0% in the second quarter. Parametric Portfolio Associates LLC now owns 481,017 shares of the company’s stock worth $3,160,000 after buying an additional 158,110 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Enerplus Corp. by 28.5% in the second quarter. KCG Holdings Inc. now owns 54,547 shares of the company’s stock worth $358,000 after buying an additional 12,107 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Enerplus Corp. during the second quarter worth $6,311,000. Allianz Asset Management AG acquired a new stake in shares of Enerplus Corp. during the second quarter worth $916,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Enerplus Corp. during the second quarter worth $327,000. Institutional investors and hedge funds own 43.25% of the company’s stock.
Enerplus Corp. Company Profile
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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