Enerplus Corporation (NYSE:ERF) (TSE:ERF) announced a monthly dividend on Thursday, July 20th, Fidelity reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.0079 per share by the oil and natural gas company on Tuesday, August 15th. This represents a $0.10 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, July 27th.
Enerplus Corporation has decreased its dividend by an average of 48.9% annually over the last three years. Enerplus Corporation has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Enerplus Corporation to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 11.4%.
Enerplus Corporation (ERF) traded up 1.06% during mid-day trading on Friday, reaching $8.61. 254,892 shares of the company’s stock traded hands. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 4.09 and a beta of 1.39. Enerplus Corporation has a 52-week low of $5.61 and a 52-week high of $10.33. The company has a 50-day moving average of $8.15 and a 200-day moving average of $8.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last released its quarterly earnings results on Friday, May 5th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.21. Enerplus Corporation had a net margin of 78.95% and a return on equity of 0.14%. The business had revenue of $172.11 million for the quarter, compared to analyst estimates of $233.23 million. During the same quarter in the previous year, the business earned ($0.84) earnings per share. Equities research analysts expect that Enerplus Corporation will post $0.66 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Enerplus Corporation Announces Monthly Dividend of $0.01 (NYSE:ERF)” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://stocknewstimes.com/2017/07/21/enerplus-corporation-announces-monthly-dividend-of-0-01-nyseerf.html.
A number of equities research analysts have recently issued reports on ERF shares. Capital One Financial Corporation started coverage on shares of Enerplus Corporation in a report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Zacks Investment Research lowered shares of Enerplus Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price objective on shares of Enerplus Corporation in a research note on Monday, May 8th. BidaskClub upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, ValuEngine upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.40.
Enerplus Corporation Company Profile
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).
Receive News & Ratings for Enerplus Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
