Enerplus Corp (TSE:ERF) Announces Nov 19 Dividend of $0.01

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Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a nov 19 dividend on Monday, October 21st, RTT News reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.01 per share by the oil and natural gas company on Friday, November 15th. The ex-dividend date of this dividend is Wednesday, October 30th.

Shares of ERF traded up C$0.10 during trading hours on Tuesday, hitting C$8.14. The company had a trading volume of 201,737 shares, compared to its average volume of 996,064. The firm has a market cap of $1.85 billion and a price-to-earnings ratio of 4.44. The business has a fifty day moving average of C$9.31 and a 200-day moving average of C$9.75. Enerplus has a 12 month low of C$7.32 and a 12 month high of C$13.70. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 34.72.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Friday, August 9th. The oil and natural gas company reported C$0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.24 by C$0.12. The company had revenue of C$321.46 million during the quarter, compared to the consensus estimate of C$304.16 million. On average, equities analysts expect that Enerplus will post 1.1628052 EPS for the current fiscal year.

Several brokerages have recently weighed in on ERF. Royal Bank of Canada dropped their price objective on shares of Enerplus from C$14.00 to C$13.00 in a research report on Friday, October 18th. CIBC increased their price objective on shares of Enerplus from C$14.00 to C$14.50 in a research report on Monday, August 12th. Finally, National Bank Financial increased their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$16.81.

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. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

See Also: Beige Book

Dividend History for Enerplus (TSE:ERF)

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