Enerplus (ERF) Shares Up 0.3%
Enerplus Corp (TSE:ERF) (NYSE:ERF) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as C$11.37 and last traded at C$11.27. 855,666 shares changed hands during trading, a decline of 24% from the average session volume of 1,126,590 shares. The stock had previously closed at C$11.24.
Several brokerages recently weighed in on ERF. TD Securities boosted their price target on shares of Enerplus from C$13.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial boosted their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Barclays boosted their price target on shares of Enerplus from C$14.00 to C$15.00 in a research report on Monday, August 14th. National Bank Financial boosted their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a research report on Friday, November 10th. Ten analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$15.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, November 29th. Enerplus’s payout ratio is 2.91%.
In other Enerplus news, Director Glen Dawson Roane sold 20,000 shares of Enerplus stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.
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Enerplus Company Profile
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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