Enerplus (ERF) To Go Ex-Dividend on May 29th

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$15.82 on Thursday. Enerplus has a twelve month low of C$9.75 and a twelve month high of C$17.21.

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

Several equities analysts have recently weighed in on ERF shares. Barclays raised their price target on Enerplus from C$18.00 to C$20.00 in a report on Monday, February 26th. Canaccord Genuity lifted their price objective on Enerplus from C$16.50 to C$17.00 in a report on Monday, February 26th. CIBC lifted their price objective on Enerplus from C$17.50 to C$18.50 in a report on Monday, February 26th. Desjardins lifted their price objective on Enerplus from C$16.00 to C$17.50 in a report on Monday, February 26th. Finally, CSFB lifted their price objective on Enerplus from C$17.00 to C$20.00 in a report on Friday, April 13th. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$18.29.

In other news, Director Glen Dawson Roane sold 25,000 shares of Enerplus stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of C$16.04, for a total transaction of C$401,000.00. Also, insider Shaina Brianne Morihira sold 6,579 shares of Enerplus stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of C$14.04, for a total value of C$92,369.16. Over the last ninety days, insiders have sold 39,766 shares of company stock worth $608,315.

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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