Enerplus Corp. (erf) to Issue Monthly Dividend of $0.01 on December 15th
Enerplus Corp. (NYSE:erf) (TSE:ERF) announced a monthly dividend on Friday, November 18th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.007 per share on Thursday, December 15th. This represents a $0.08 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, November 28th.
Shares of Enerplus Corp. (NYSE:ERF) opened at 8.03 on Wednesday. Enerplus Corp. has a 52 week low of $1.84 and a 52 week high of $8.13. The company’s 50-day moving average price is $7.14 and its 200 day moving average price is $6.49. The company’s market cap is $1.93 billion.
Enerplus Corp. (NYSE:ERF) last issued its earnings results on Monday, November 14th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.43. Enerplus Corp. had a negative return on equity of 81.49% and a negative net margin of 152.64%. The company earned $188.30 million during the quarter, compared to analysts’ expectations of $173.16 million. During the same quarter in the previous year, the company earned ($1.42) EPS. Equities research analysts anticipate that Enerplus Corp. will post ($1.16) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new position in shares of Enerplus Corp. during the second quarter worth approximately $111,000. Scotia Capital Inc. boosted its position in shares of Enerplus Corp. by 177.1% in the second quarter. Scotia Capital Inc. now owns 30,262 shares of the company’s stock worth $199,000 after buying an additional 19,342 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Enerplus Corp. by 34.9% in the third quarter. Two Sigma Advisers LP now owns 30,900 shares of the company’s stock worth $198,000 after buying an additional 8,000 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Enerplus Corp. during the second quarter worth approximately $204,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Enerplus Corp. during the second quarter worth approximately $214,000. 44.40% of the stock is owned by institutional investors.
A number of brokerages have recently commented on ERF. National Bank Financial restated an “outperfrom under weight” rating on shares of Enerplus Corp. in a research note on Monday, November 14th. Barclays PLC restated a “buy” rating on shares of Enerplus Corp. in a research note on Thursday, October 6th. Finally, Canaccord Genuity began coverage on Enerplus Corp. in a research note on Wednesday, August 17th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.50.
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About Enerplus Corp.
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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