Enerplus (TSE:ERF) Stock Price Crosses Above 200 Day Moving Average of $22.59

Enerplus Co. (TSE:ERF) (NYSE:ERF)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.59 and traded as high as C$27.62. Enerplus shares last traded at C$27.41, with a volume of 317,540 shares trading hands.

Analyst Upgrades and Downgrades

ERF has been the subject of a number of recent research reports. National Bankshares decreased their target price on Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a report on Thursday, February 22nd. ATB Capital cut their price target on Enerplus from C$27.00 to C$26.50 in a research note on Tuesday, January 2nd. Scotiabank raised their price target on Enerplus from C$24.00 to C$25.50 and gave the company a “sector perform” rating in a research note on Thursday, February 22nd. Desjardins raised their price target on Enerplus from C$17.50 to C$19.25 and gave the company a “tender” rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus cut their price target on Enerplus from C$27.75 to C$27.25 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$23.67.

Enerplus Price Performance

The company has a debt-to-equity ratio of 17.31, a current ratio of 0.80 and a quick ratio of 0.61. The stock has a 50-day moving average price of C$25.15 and a 200 day moving average price of C$22.59. The firm has a market cap of C$5.57 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.25 and a beta of 2.65.

Enerplus (TSE:ERF) (NYSE:ERF) last released its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. Enerplus had a return on equity of 39.59% and a net margin of 29.85%. The firm had revenue of C$595.12 million for the quarter. As a group, equities research analysts forecast that Enerplus Co. will post 3.001087 earnings per share for the current fiscal year.

Enerplus Announces Dividend

The business also recently declared a mar 24 dividend, which was paid on Monday, March 4th. Investors of record on Friday, March 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, March 1st. Enerplus’s dividend payout ratio is currently 12.32%.

Insider Buying and Selling at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of Enerplus stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$24.13, for a total value of C$2,521,965.58. 0.29% of the stock is owned by corporate insiders.

About Enerplus

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.