Enerplus (TSE:ERF) Stock Price Crosses Above 200 Day Moving Average of $22.59

Enerplus Co. (TSE:ERF) (NYSE:ERF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$22.59 and traded as high as C$27.62. Enerplus shares last traded at C$27.41, with a volume of 317,540 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ERF shares. Desjardins raised their price target on Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a report on Friday, March 22nd. ATB Capital cut their price target on Enerplus from C$27.00 to C$26.50 in a report on Tuesday, January 2nd. Scotiabank raised their price target on Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. Stifel Nicolaus cut their price target on Enerplus from C$27.75 to C$27.25 and set a “buy” rating for the company in a report on Tuesday, February 27th. Finally, National Bankshares cut their price target on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.67.

Enerplus Trading Up 0.2 %

The stock has a market cap of C$5.57 billion, a PE ratio of 9.65, a PEG ratio of 0.25 and a beta of 2.65. The company has a debt-to-equity ratio of 17.31, a quick ratio of 0.61 and a current ratio of 0.80. The stock has a fifty day moving average price of C$25.15 and a 200 day moving average price of C$22.59.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. The firm had revenue of C$595.12 million during the quarter. Equities analysts expect that Enerplus Co. will post 3.001087 EPS for the current year.

Enerplus Dividend Announcement

The firm also recently disclosed a mar 24 dividend, which was paid on Monday, March 4th. Investors of record on Friday, March 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, March 1st. Enerplus’s payout ratio is currently 12.32%.

Insider Activity at Enerplus

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. 0.29% of the stock is owned by company insiders.

About Enerplus

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.