Enerplus Corp (NYSE:ERF) (TSE:ERF) announced a monthly dividend on Wednesday, March 20th, Wall Street Journal reports. Investors of record on Friday, March 29th will be paid a dividend of 0.0075 per share by the oil and natural gas company on Monday, April 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 28th.

Enerplus has decreased its dividend by an average of 45.2% per year over the last three years. Enerplus has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enerplus to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 12.4%.

Shares of ERF stock traded up $0.46 during trading on Wednesday, hitting $8.75. The company had a trading volume of 839,059 shares, compared to its average volume of 654,429. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.98 billion, a P/E ratio of 8.03 and a beta of 1.64. Enerplus has a one year low of $6.84 and a one year high of $13.87.

Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $247.23 million during the quarter, compared to analysts’ expectations of $248.00 million. Enerplus had a return on equity of 12.78% and a net margin of 32.58%. During the same period in the previous year, the company posted $0.06 earnings per share. Analysts forecast that Enerplus will post 0.98 EPS for the current year.

Several brokerages recently issued reports on ERF. Zacks Investment Research upgraded Enerplus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 12th. TheStreet upgraded shares of Enerplus from a “d+” rating to a “c+” rating in a research report on Monday, February 25th. ValuEngine downgraded shares of Enerplus from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 6th. SunTrust Banks set a $15.00 price objective on shares of Enerplus and gave the company a “buy” rating in a research report on Tuesday, November 27th. Finally, Raymond James restated a “buy” rating and set a $25.50 price objective on shares of Enerplus in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.17.

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Enerplus Company Profile

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

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Dividend History for Enerplus (NYSE:ERF)

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