Enerplus (TSE:ERF) Reaches New 12-Month High at $26.14

Enerplus Co. (TSE:ERF) (NYSE:ERF) reached a new 52-week high during trading on Wednesday . The company traded as high as C$26.14 and last traded at C$26.02, with a volume of 247215 shares traded. The stock had previously closed at C$25.98.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ERF. Desjardins increased their price target on Enerplus from C$17.50 to C$19.25 and gave the stock a “tender” rating in a research report on Friday, March 22nd. Scotiabank increased their price target on Enerplus from C$24.00 to C$25.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. ATB Capital decreased their price objective on Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. National Bankshares decreased their price objective on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus decreased their price objective on Enerplus from C$27.75 to C$27.25 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Enerplus Price Performance

The firm has a market cap of C$5.41 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.25 and a beta of 2.65. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 17.31. The company has a 50 day moving average of C$22.51 and a 200 day moving average of C$22.13.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The business had revenue of C$595.12 million for the quarter. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. Equities research analysts predict that Enerplus Co. will post 2.8053393 EPS for the current fiscal year.

Enerplus Announces Dividend

The company also recently declared a mar 24 dividend, which was paid on Monday, March 4th. Shareholders 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 dividend payout ratio is 12.37%.

Insider Buying and Selling at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of Enerplus stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$24.13, for a total value of C$2,521,965.58. Company insiders own 0.29% of the company’s stock.

Enerplus Company Profile

Enerplus Corporation, together with 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.