Enerplus Corp (TSE:ERF) Announces $0.01 Quarterly Dividend

Enerplus Corp (TSE:ERF) (NYSE:ERF) declared a quarterly dividend on Monday, November 20th, RTT News reports. Investors 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 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, November 29th.

Shares of Enerplus (TSE:ERF) traded down C$0.38 during trading on Wednesday, hitting C$11.38. The company had a trading volume of 649,479 shares, compared to its average volume of 1,125,881. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$13.55.

ERF has been the topic of several analyst reports. Barclays increased their price objective on Enerplus from C$14.00 to C$15.00 in a research note on Monday, August 14th. TD Securities raised their price objective on Enerplus from C$13.00 to C$15.00 in a report on Monday, August 14th. Raymond James Financial raised their price target on Enerplus from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Monday, August 14th. National Bank Financial raised their price objective on shares of Enerplus 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 restated an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a research report on Friday, November 10th. Ten equities research analysts have rated the stock with a buy rating, Enerplus has a consensus rating of “Buy” and an average target price of C$15.77.

In related news, Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction dated 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).

Dividend History for Enerplus (TSE:ERF)

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