Enerplus Corp (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Friday, February 16th, Zacks reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.008 per share by the oil and natural gas company on Friday, March 16th. This represents a $0.10 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, February 27th.
Enerplus has decreased its dividend by an average of 54.2% annually over the last three years. Enerplus has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Enerplus to earn $1.25 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 9.6%.
Enerplus (NYSE:ERF) opened at $11.47 on Monday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. Enerplus has a fifty-two week low of $6.52 and a fifty-two week high of $11.78. The stock has a market cap of $2,794.13, a price-to-earnings ratio of 15.71 and a beta of 1.44.
A number of research analysts have weighed in on ERF shares. Zacks Investment Research raised shares of Enerplus from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Monday, November 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a report on Thursday, November 9th. Finally, AltaCorp Capital reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.40.
TRADEMARK VIOLATION WARNING: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3223713/enerplus-corp-erf-to-issue-0-01-monthly-dividend.html.
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).
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.