Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a dec 19 dividend on Friday, November 15th, RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.01 per share by the oil and natural gas company on Monday, December 16th. The ex-dividend date is Tuesday, November 26th.
Shares of ERF stock opened at C$8.47 on Friday. The stock’s fifty day moving average is C$8.71 and its 200-day moving average is C$9.43. The company has a debt-to-equity ratio of 34.58, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $1.87 billion and a PE ratio of 4.83. Enerplus has a 52 week low of C$7.32 and a 52 week high of C$13.70.
Several analysts have recently commented on ERF shares. CIBC increased their target price on Enerplus from C$14.00 to C$14.50 in a report on Monday, August 12th. National Bank Financial increased their target price on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Capital One Financial upgraded Enerplus from an “equal weight” rating to an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada decreased their price target on Enerplus from C$14.00 to C$13.00 in a report on Friday, October 18th. Finally, Raymond James reiterated an “outperform” rating and issued a C$11.00 price target on shares of Enerplus in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$15.50.
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.
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