Enerplus Corp (ERF) to Issue Monthly Dividend of $0.01 on September 16th

Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a monthly dividend on Tuesday, August 20th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.01 per share by the oil and natural gas company on Monday, September 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 29th.

TSE:ERF opened at C$8.63 on Thursday. The company has a market capitalization of $1.99 billion and a PE ratio of 4.80. The firm’s 50-day moving average price is C$8.75 and its 200-day moving average price is C$10.48. Enerplus has a 1-year low of C$7.32 and a 1-year high of C$16.79. The company has a debt-to-equity ratio of 34.72, a current ratio of 1.01 and a quick ratio of 0.96.

A number of brokerages recently issued reports on ERF. CIBC upped their price target on shares of Enerplus from C$14.00 to C$14.50 in a research note on Monday, August 12th. Royal Bank of Canada dropped their price target on shares of Enerplus from C$15.00 to C$14.00 in a research note on Thursday, July 18th. Raymond James upped their price target on shares of Enerplus from C$20.50 to C$21.50 and gave the stock a “strong-buy” rating in a research note on Monday, May 13th. GMP Securities dropped their price target on shares of Enerplus from C$18.00 to C$16.00 in a research note on Friday, June 28th. Finally, National Bank Financial upped their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$16.94.

Enerplus Company Profile

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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Dividend History for Enerplus (TSE:ERF)

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