Enerplus Co. (NYSE:ERF - Get Free Report) TSE: ERF declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.065 per share by the oil and natural gas company on Tuesday, June 4th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, May 21st.
Enerplus has raised its dividend by an average of 37.4% per year over the last three years and has increased its dividend every year for the last 1 years. Enerplus has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enerplus to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 11.5%.
Enerplus Stock Down 0.9 %
Enerplus stock traded down $0.19 during mid-day trading on Friday, hitting $19.92. The company had a trading volume of 1,835,901 shares, compared to its average volume of 2,866,252. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 9.58 and a beta of 1.97. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.09. Enerplus has a 1 year low of $13.46 and a 1 year high of $20.97. The business has a fifty day moving average of $19.43 and a 200 day moving average of $16.94.
Enerplus (NYSE:ERF - Get Free Report) TSE: ERF last released its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $437.10 million for the quarter. Enerplus had a return on equity of 40.36% and a net margin of 27.67%. On average, sell-side analysts expect that Enerplus will post 1.99 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have weighed in on ERF. StockNews.com started coverage on Enerplus in a report on Wednesday. They issued a "hold" rating on the stock. Royal Bank of Canada lowered shares of Enerplus from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. TD Securities increased their price target on shares of Enerplus from $19.07 to $20.09 and gave the company a "sell" rating in a report on Thursday. Finally, CIBC lowered their target price on shares of Enerplus from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $21.87.
Check Out Our Latest Stock Report on ERF
About Enerplus
(
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Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.
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