Enerplus Corp (ERF) Plans $0.01 Jun 19 Dividend

Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a jun 19 dividend on Tuesday, May 21st, RTT News reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.01 per share by the oil and natural gas company on Friday, June 14th. The ex-dividend date of this dividend is Thursday, May 30th.

Shares of ERF stock opened at C$11.49 on Wednesday. Enerplus has a 12 month low of C$9.65 and a 12 month high of C$18.04. The company has a debt-to-equity ratio of 38.16, a quick ratio of 1.34 and a current ratio of 1.37. The company has a market cap of $2.69 billion and a price-to-earnings ratio of 7.67.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Friday, February 22nd. The oil and natural gas company reported C$0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$326.70 million during the quarter, compared to analyst estimates of C$329.00 million. On average, sell-side analysts anticipate that Enerplus will post 1.49999998733108 earnings per share for the current fiscal year.



Several equities research analysts have recently issued reports on the stock. Raymond James raised their price objective on shares of Enerplus from C$20.50 to C$21.50 and gave the stock a “strong-buy” rating in a research note on Monday, May 13th. TD Securities raised their price objective on shares of Enerplus from C$18.50 to C$19.50 and gave the stock a “buy” rating in a research note on Monday, May 13th. GMP Securities lowered their price objective on shares of Enerplus from C$20.00 to C$18.00 in a research note on Tuesday, January 29th. Canaccord Genuity raised their price objective on shares of Enerplus from C$16.00 to C$18.00 in a research note on Tuesday, April 9th. Finally, National Bank Financial lowered their price objective on shares of Enerplus from C$18.50 to C$16.50 and set an “outperform” rating on the stock in a research note on Monday, January 28th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$19.13.

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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: Quiet Period Expirations

Dividend History for Enerplus (TSE:ERF)

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