Enerplus (TSE:ERF) Reaches New 12-Month High at $27.85

Shares of Enerplus Co. (TSE:ERF) (NYSE:ERF) hit a new 52-week high during trading on Monday . The company traded as high as C$27.85 and last traded at C$27.68, with a volume of 162247 shares traded. The stock had previously closed at C$27.67.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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 report on Thursday, February 22nd. ATB Capital dropped their price target on shares of Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. Desjardins lifted their price target on shares of Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a research report on Friday, March 22nd. Scotiabank lifted their price target on shares of Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. Finally, 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 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Enerplus Stock Up 2.2 %

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 stock has a market cap of C$5.73 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.25 and a beta of 2.65. The business’s fifty day moving average is C$23.63 and its two-hundred day moving average is C$22.29.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.03. The firm had revenue of C$595.12 million during the quarter. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. Equities analysts forecast that Enerplus Co. will post 3.001087 earnings per share for the current fiscal year.

Enerplus Announces Dividend

The firm also recently disclosed a mar 24 dividend, which was paid on Monday, March 4th. Investors of record on Friday, March 15th were issued a $0.065 dividend. The ex-dividend date of this dividend was Friday, March 1st. Enerplus’s dividend payout ratio (DPR) is currently 12.32%.

Insider Activity at Enerplus

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of Enerplus stock in a transaction that occurred 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. Company insiders own 0.29% of the company’s stock.

Enerplus Company Profile

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.