Enerplus Corp. (NYSE:erf) (TSE:ERF) announced a monthly dividend on Friday, November 18th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.007 per share on Thursday, December 15th. This represents a $0.08 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, November 28th.
Enerplus Corp. (NYSE:ERF) opened at 7.90 on Friday. The stock has a 50 day moving average of $7.18 and a 200-day moving average of $6.52. The firm’s market capitalization is $1.90 billion. Enerplus Corp. has a 1-year low of $1.84 and a 1-year high of $8.24.
Enerplus Corp. (NYSE:ERF) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.43. The company earned $188.30 million during the quarter, compared to analyst estimates of $173.16 million. Enerplus Corp. had a negative net margin of 152.64% and a negative return on equity of 81.49%. During the same period in the prior year, the business earned ($1.42) EPS. On average, equities research analysts anticipate that Enerplus Corp. will post ($1.16) earnings per share for the current year.
A number of analysts recently weighed in on the stock. National Bank Financial reissued an “outperfrom under weight” rating on shares of Enerplus Corp. in a report on Monday, November 14th. Barclays PLC reissued a “buy” rating on shares of Enerplus Corp. in a report on Thursday, October 6th. Finally, Canaccord Genuity assumed coverage on shares of Enerplus Corp. in a report on Wednesday, August 17th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.50.
A number of institutional investors have recently made changes to their positions in ERF. Vanguard Group Inc. boosted its position in shares of Enerplus Corp. by 33.1% in the second quarter. Vanguard Group Inc. now owns 4,136,209 shares of the company’s stock worth $27,175,000 after buying an additional 1,028,142 shares during the last quarter. US Bancorp DE boosted its position in shares of Enerplus Corp. by 1.2% in the second quarter. US Bancorp DE now owns 87,100 shares of the company’s stock worth $572,000 after buying an additional 1,000 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Enerplus Corp. by 0.4% in the second quarter. Bank of Nova Scotia now owns 157,110 shares of the company’s stock worth $1,035,000 after buying an additional 635 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Enerplus Corp. during the second quarter worth $773,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Enerplus Corp. during the second quarter worth $385,000. 44.40% of the stock is currently owned by hedge funds and other institutional investors.
Enerplus Corp. Company Profile