Enerplus (NYSE:ERF) (TSE:ERF) announced a monthly dividend on Thursday, April 19th, Zacks reports. Stockholders of record on Monday, April 30th will be given a dividend of 0.008 per share by the oil and natural gas company on Tuesday, May 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, April 27th. This is a positive change from Enerplus’s previous monthly dividend of $0.00771.

Enerplus has decreased its dividend by an average of 54.2% annually over the last three years. Enerplus has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enerplus to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 8.1%.

ERF opened at $11.70 on Friday. Enerplus has a 1-year low of $6.52 and a 1-year high of $12.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $2,863.13, a PE ratio of 14.63 and a beta of 1.35.

Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings results on Friday, February 23rd. The oil and natural gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.19. Enerplus had a net margin of 25.30% and a return on equity of 16.20%. The company had revenue of $213.47 million for the quarter, compared to the consensus estimate of $194.30 million. analysts expect that Enerplus will post 1.05 earnings per share for the current year.

Enerplus announced that its board has authorized a share repurchase plan on Wednesday, March 21st that authorizes the company to repurchase 17,100,000 outstanding shares. This repurchase authorization authorizes the oil and natural gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the stock. AltaCorp Capital restated a “buy” rating and issued a $16.00 price target on shares of Enerplus in a research note on Monday, January 15th. Zacks Investment Research downgraded shares of Enerplus from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.40.

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Enerplus Company Profile

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

Dividend History for Enerplus (NYSE:ERF)

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