Enerplus Co. (TSE:ERF) Declares $0.01 Mar 21 Dividend

Enerplus Co. (TSE:ERF) (NYSE:ERF) announced a mar 21 dividend on Tuesday, February 16th, RTT News reports. Investors of record on Friday, February 26th will be paid a dividend of 0.01 per share by the oil and natural gas company on Monday, March 15th. The ex-dividend date of this dividend is Thursday, February 25th.

Shares of ERF opened at C$6.21 on Tuesday. Enerplus has a 1-year low of C$1.62 and a 1-year high of C$6.35. The company has a 50-day moving average of C$4.81 and a 200 day moving average of C$3.61. The firm has a market capitalization of C$1.38 billion and a price-to-earnings ratio of -1.50. The company has a debt-to-equity ratio of 98.43, a current ratio of 0.59 and a quick ratio of 0.57.

A number of brokerages recently weighed in on ERF. National Bank Financial decreased their price objective on shares of Enerplus from C$9.50 to C$7.50 and set an “outperform” rating for the company in a report on Friday. CIBC boosted their price target on shares of Enerplus from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Thursday, February 4th. Raymond James set a C$6.50 price target on shares of Enerplus and gave the company an “outperform” rating in a report on Monday. Scotiabank boosted their price target on shares of Enerplus from C$4.50 to C$5.75 in a report on Thursday, January 14th. Finally, ATB Capital boosted their price target on shares of Enerplus from C$5.50 to C$6.25 in a report on Monday, January 11th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$6.86.

About Enerplus

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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