Enerplus Corp (ERF) to Issue Feb 18 Dividend of $0.01
Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a feb 18 dividend on Friday, January 19th, RTT News reports. Shareholders of record on Wednesday, January 31st will be paid a dividend of 0.01 per share by the oil and natural gas company on Thursday, February 15th. This represents a yield of 0.000741289844329133%. The ex-dividend date of this dividend is Tuesday, January 30th.
Enerplus (TSE ERF) opened at C$13.52 on Friday. Enerplus has a 52-week low of C$8.97 and a 52-week high of C$13.92. The stock has a market cap of $3,270.00, a price-to-earnings ratio of 3.27 and a beta of 1.01.
Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%.
Several brokerages have issued reports on ERF. TD Securities raised their price objective on shares of Enerplus from C$17.50 to C$18.50 and gave the stock a “buy” rating in a research report on Wednesday. Barclays raised their price objective on shares of Enerplus from C$16.00 to C$17.00 in a research report on Wednesday. Raymond James Financial lifted their target price on shares of Enerplus from C$16.75 to C$18.25 and gave the company an “outperform” rating in a report on Wednesday. Scotiabank lifted their target price on shares of Enerplus from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, National Bank Financial lifted their target price on shares of Enerplus from C$15.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a buy rating, Enerplus has an average rating of “Buy” and an average target price of C$17.22.
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Enerplus 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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