Enerplus Corp (TSE:ERF) (NYSE:ERF) announced a quarterly dividend on Monday, November 20th, RTT News reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.01 per share by the oil and natural gas company on Friday, December 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, November 29th.
Shares of Enerplus Corp (ERF) opened at C$11.49 on Tuesday. Enerplus Corp has a one year low of C$8.97 and a one year high of C$13.55.
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In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total value of C$243,800.00.
ERF has been the topic of several analyst reports. Barclays PLC cut their target price on Enerplus Corp from C$15.00 to C$14.00 in a research report on Monday, July 24th. TD Securities lifted their target price on Enerplus Corp from C$13.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. lifted their target price on Enerplus Corp from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. National Bank Financial lifted their target price on Enerplus Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$16.00 target price on shares of Enerplus Corp in a research report on Friday, November 10th. Ten research analysts have rated the stock with a buy rating, Enerplus Corp currently has a consensus rating of “Buy” and a consensus price target of C$15.77.
About Enerplus Corp
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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