Shares of Enerplus Co. (TSE:ERF - Get Free Report) NYSE: ERF hit a new 52-week high on Monday . The company traded as high as C$27.85 and last traded at C$27.68, with a volume of 162247 shares changing hands. The stock had previously closed at C$27.67.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ERF. ATB Capital dropped their price objective on shares of Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. Desjardins lifted their price target on shares of Enerplus from C$17.50 to C$19.25 and gave the stock a "tender" rating in a research note on Friday, March 22nd. Scotiabank lifted their price target on shares of Enerplus from C$24.00 to C$25.50 and gave the stock a "sector perform" rating in a research note on Thursday, February 22nd. Stifel Nicolaus dropped their price target on shares of Enerplus from C$27.75 to C$27.25 and set a "buy" rating for the company in a research note on Tuesday, February 27th. Finally, National Bankshares dropped their price target on shares of Enerplus from C$21.00 to C$18.85 and set an "outperform" rating for the company in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.67.
Check Out Our Latest Research Report on Enerplus
Enerplus Stock Performance
The company has a quick ratio of 0.61, a current ratio of 0.80 and a debt-to-equity ratio of 17.31. The firm's 50-day moving average is C$23.63 and its two-hundred day moving average is C$22.29. The stock has a market cap of C$5.61 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.25 and a beta of 2.65.
Enerplus (TSE:ERF - Get Free Report) NYSE: ERF last announced its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.03. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. The company had revenue of C$595.12 million for the quarter. As a group, research analysts expect that Enerplus Co. will post 2.8767568 EPS for the current year.
Enerplus Announces Dividend
The business also recently disclosed a mar 24 dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, March 15th were paid a $0.065 dividend. The ex-dividend date of this dividend was Friday, March 1st. Enerplus's payout ratio is 12.32%.
Insider Transactions at Enerplus
In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$24.13, for a total value of C$2,521,965.58. 0.29% of the stock is currently owned by corporate insiders.
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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