Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a jul 19 dividend on Friday, July 19th, RTT News reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.01 per share by the oil and natural gas company on Thursday, August 15th. The ex-dividend date is Tuesday, July 30th.
Enerplus stock opened at C$8.65 on Friday. The company has a debt-to-equity ratio of 38.16, a quick ratio of 1.20 and a current ratio of 1.37. Enerplus has a 1-year low of C$8.35 and a 1-year high of C$18.04. The stock has a market capitalization of $2.04 billion and a P/E ratio of 5.77. The company has a 50 day simple moving average of C$9.58.
Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings results on Friday, May 10th. The oil and natural gas company reported C$0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.26 by C$0.04. The business had revenue of C$287.45 million during the quarter, compared to analysts’ expectations of C$285.95 million. Research analysts expect that Enerplus will post 1.41 EPS for the current fiscal year.
A number of analysts have commented on ERF shares. Raymond James reiterated a “neutral” rating and set a $35.00 target price on shares of Stantec in a research report on Monday, May 13th. GMP Securities reiterated a “buy” rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Royal Bank of Canada reissued a “buy” rating and issued a $2.50 price target on shares of in a report on Thursday. TD Securities cut their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a report on Monday, May 13th. Finally, National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$16.75.
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.
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