Enerplus (ERF) to Issue Jun 18 Dividend of $0.01

Enerplus (TSE:ERF) (NYSE:ERF) declared a jun 18 dividend on Thursday, May 17th, RTT News reports. Shareholders of record on Wednesday, May 30th will be given a dividend of 0.01 per share by the oil and natural gas company on Friday, June 15th. The ex-dividend date is Tuesday, May 29th.

TSE ERF opened at C$16.38 on Friday. Enerplus has a 12 month low of C$9.75 and a 12 month high of C$16.39.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its earnings results on Friday, February 23rd. The oil and natural gas company reported C$0.34 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.11 by C$0.23. The company had revenue of C$271.10 million for the quarter, compared to analysts’ expectations of C$246.00 million. Enerplus had a net margin of 5.63% and a return on equity of 3.85%.

ERF has been the topic of several research reports. Canaccord Genuity increased their price target on shares of Enerplus from C$16.50 to C$17.00 in a research report on Monday, February 26th. National Bank Financial increased their price target on shares of Enerplus from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. CSFB increased their price target on shares of Enerplus from C$17.00 to C$20.00 in a research report on Friday, April 13th. Raymond James increased their price target on shares of Enerplus from C$18.25 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Desjardins upped their target price on shares of Enerplus from C$16.00 to C$17.50 in a research note on Monday, February 26th. Seven equities research analysts have rated the stock with a buy rating, Enerplus presently has a consensus rating of “Buy” and an average target price of C$18.17.

In related news, insider Daniel John Fitzgerald purchased 13,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of C$14.05 per share, for a total transaction of C$182,650.00. Also, Director Glen Dawson Roane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of C$16.04, for a total transaction of C$401,000.00. Insiders have sold 39,766 shares of company stock worth $608,315 over the last 90 days.

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 (TSE:ERF)

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