Enerplus Co. (TSE:ERF) to Issue Dividend Increase – $0.07 Per Share

Enerplus Co. (TSE:ERFGet Free Report) (NYSE:ERF) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Wednesday, May 22nd will be paid a dividend of 0.065 per share by the oil and natural gas company on Tuesday, June 4th. This represents a $0.26 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, May 21st. This is an increase from Enerplus’s previous quarterly dividend of $0.06.

Enerplus Trading Up 0.5 %

Shares of ERF stock opened at C$27.20 on Friday. The company has a market capitalization of C$5.56 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.25 and a beta of 2.64. Enerplus has a 12-month low of C$18.23 and a 12-month high of C$28.84. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 15.94. The firm has a 50-day moving average price of C$26.84 and a 200 day moving average price of C$23.13.

Enerplus (TSE:ERFGet Free Report) (NYSE:ERF) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The company had revenue of C$595.12 million during the quarter. Enerplus had a net margin of 26.04% and a return on equity of 32.27%. Research analysts forecast that Enerplus will post 2.7108674 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ERF shares. Desjardins lifted their price objective on Enerplus from C$19.25 to C$20.00 and gave the company a “tender” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus raised their target price on Enerplus from C$27.25 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. National Bankshares reduced their price target on shares of Enerplus from C$21.00 to C$18.85 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Finally, Scotiabank raised their price objective on shares of Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Enerplus currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.36.

View Our Latest Report on ERF

Insider Transactions at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. 1.32% of the stock is currently owned by corporate insiders.

Enerplus Company Profile

(Get Free Report)

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.

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Dividend History for Enerplus (TSE:ERF)

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