Enerplus (TSE:ERF) Stock Price Crosses Below 200 Day Moving Average of $21.87

Enerplus Co. (TSE:ERF – Get Rating) (NYSE:ERF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.87 and traded as low as C$19.47. Enerplus shares last traded at C$19.75, with a volume of 385,587 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Enerplus from C$30.50 to C$29.00 in a research report on Friday, May 5th. Scotiabank cut their price target on Enerplus from C$25.00 to C$23.00 in a report on Thursday, April 13th. Finally, Barclays raised Enerplus from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from C$28.00 to C$30.00 in a research note on Thursday, April 20th.

Enerplus Stock Performance

The company has a debt-to-equity ratio of 19.58, a current ratio of 0.75 and a quick ratio of 0.61. The business has a 50-day simple moving average of C$19.67 and a 200-day simple moving average of C$21.87. The firm has a market capitalization of C$4.23 billion, a PE ratio of 3.43, a P/E/G ratio of 0.25 and a beta of 2.86.

Enerplus (TSE:ERF – Get Rating) (NYSE:ERF) last announced its quarterly earnings data on Thursday, February 23rd. The oil and natural gas company reported C$1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($0.04). The firm had revenue of C$744.98 million during the quarter. Enerplus had a return on equity of 117.48% and a net margin of 48.70%. Equities research analysts expect that Enerplus Co. will post 3.5291005 earnings per share for the current fiscal year.

Enerplus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.22 annualized dividend and a yield of 1.11%. Enerplus’s dividend payout ratio (DPR) is presently 5.22%.

Insider Activity

In other news, Senior Officer Ian Charles Dundas bought 5,000 shares of Enerplus stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of C$18.15 per share, for a total transaction of C$90,764.00. In related news, Senior Officer Garth Robert Doll sold 8,279 shares of Enerplus stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of C$21.30, for a total value of C$176,342.70. Also, Senior Officer Ian Charles Dundas bought 5,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of C$18.15 per share, for a total transaction of C$90,764.00. Company insiders own 0.37% of the company’s stock.

About Enerplus

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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, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.