Enerplus Corp Announces Oct 18 Dividend of $0.01 (ERF)

Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a oct 18 dividend on Tuesday, September 18th, RTT News reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.01 per share by the oil and natural gas company on Monday, October 15th. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, September 27th.

Shares of ERF stock traded down C$0.07 on Wednesday, reaching C$15.84. 146,221 shares of the company were exchanged, compared to its average volume of 1,056,132. Enerplus has a 1 year low of C$10.55 and a 1 year high of C$18.04.

Enerplus (TSE:ERF) (NYSE:ERF) last released its earnings results on Friday, August 10th. The oil and natural gas company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.27). The company had revenue of C$236.43 million for the quarter, compared to analysts’ expectations of C$314.01 million. Enerplus had a return on equity of 3.85% and a net margin of 5.63%.

A number of analysts have recently commented on ERF shares. Canaccord Genuity boosted their target price on shares of Enerplus from C$18.00 to C$21.00 in a research note on Tuesday, July 10th. Raymond James boosted their target price on shares of Enerplus from C$20.00 to C$23.50 in a research note on Thursday, July 5th. CIBC cut their target price on shares of Enerplus to C$22.00 in a research note on Friday, July 20th. National Bank Financial boosted their target price on shares of Enerplus from C$18.50 to C$25.00 and gave the stock a “c$17.01” rating in a research note on Wednesday, July 18th. Finally, BMO Capital Markets boosted their target price on shares of Enerplus from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$20.46.

In other Enerplus news, insider Edward Mclaughlin purchased 4,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average cost of C$11.72 per share, for a total transaction of C$46,880.00. Also, insider Raymond John Daniels sold 29,252 shares of the business’s stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of C$17.40, for a total transaction of C$508,984.80. Over the last 90 days, insiders have purchased 11,500 shares of company stock worth $136,810 and have sold 43,302 shares worth $742,732.

About Enerplus

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.

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Dividend History for Enerplus (TSE:ERF)

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