Enerplus Corp (TSE:ERF) (NYSE:ERF) insider David Mccoy sold 8,187 shares of the stock in a transaction that occurred on Sunday, March 4th. The stock was sold at an average price of C$14.04, for a total transaction of C$114,945.48.
Shares of Enerplus Corp (TSE:ERF) traded down C$0.11 during trading hours on Wednesday, hitting C$14.12. 440,105 shares of the stock traded hands, compared to its average volume of 1,192,029. The firm has a market cap of $3,470.00, a PE ratio of 14.68 and a beta of 1.04. Enerplus Corp has a 12 month low of C$8.97 and a 12 month high of C$15.06.
The business also recently declared a monthly dividend, which will be paid on Friday, March 16th. Stockholders of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, February 27th. Enerplus’s dividend payout ratio (DPR) is presently 12.50%.
A number of research analysts have recently weighed in on ERF shares. BMO Capital Markets restated an “outperform” rating and set a C$16.00 price target on shares of Enerplus in a report on Thursday, December 14th. TD Securities raised their target price on shares of Enerplus from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, December 15th. National Bank Financial raised their target price on shares of Enerplus from C$15.00 to C$21.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Barclays raised their target price on shares of Enerplus from C$16.00 to C$17.00 in a research note on Wednesday, January 17th. Finally, Scotiabank raised their price target on shares of Enerplus from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Seven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$18.27.
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Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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