Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a nov 18 dividend on Friday, October 19th, RTT News reports. Investors of record on Tuesday, October 30th will be paid a dividend of 0.01 per share by the oil and natural gas company on Thursday, November 15th. This represents a dividend yield of 0.97%. The ex-dividend date is Monday, October 29th.
ERF stock traded up C$0.42 during midday trading on Friday, hitting C$12.88. The stock had a trading volume of 2,429,700 shares, compared to its average volume of 1,091,919. Enerplus has a 52-week low of C$10.62 and a 52-week high of C$18.04. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 39.34.
Enerplus (TSE:ERF) (NYSE:ERF) last released its earnings results on Friday, August 10th. The oil and natural gas company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.27). The firm had revenue of C$236.43 million during the quarter, compared to analysts’ expectations of C$314.01 million. Analysts forecast that Enerplus will post 1.87999987929375 EPS for the current fiscal year.
A number of research firms have recently commented on ERF. Raymond James increased their target price on Enerplus from C$23.50 to C$24.50 and gave the stock an “outperform” rating in a research note on Monday, August 13th. TD Securities increased their price objective on Enerplus from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, August 13th. BMO Capital Markets increased their price objective on Enerplus from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Monday, August 13th. National Bank Financial dropped their price objective on Enerplus from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Monday, August 13th. Finally, CIBC lowered their target price on Enerplus to C$22.00 in a report on Friday, July 20th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$20.54.
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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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