Enerplus (TSE:ERF) Stock Crosses Above Two Hundred Day Moving Average of $23.07

Enerplus Co. (TSE:ERFGet Free Report) (NYSE:ERF)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$23.07 and traded as high as C$27.55. Enerplus shares last traded at C$27.47, with a volume of 615,737 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ERF shares. National Bankshares decreased their target price on shares of Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. Desjardins lifted their price objective on shares of Enerplus from C$19.25 to C$20.00 and gave the company a “tender” rating in a research note on Tuesday, April 23rd. Scotiabank lifted their target price on shares of Enerplus from C$24.00 to C$25.50 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Enerplus from C$27.25 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Enerplus has an average rating of “Moderate Buy” and a consensus target price of C$24.36.

View Our Latest Report on ERF

Enerplus Stock Performance

The company has a debt-to-equity ratio of 15.94, a current ratio of 0.70 and a quick ratio of 0.61. The firm has a market capitalization of C$5.61 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.25 and a beta of 2.64. The stock’s 50 day moving average is C$26.72 and its two-hundred day moving average is C$23.07.

Enerplus (TSE:ERFGet Free Report) (NYSE:ERF) last posted its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. The business had revenue of C$595.12 million during the quarter. Enerplus had a net margin of 26.04% and a return on equity of 32.27%. As a group, equities analysts anticipate that Enerplus Co. will post 2.7108674 earnings per share for the current fiscal year.

Enerplus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 22nd will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, May 21st. This is an increase from Enerplus’s previous quarterly dividend of $0.06. Enerplus’s dividend payout ratio is presently 14.23%.

Insider Buying and Selling at Enerplus

In other news, Senior Officer Ian Charles Dundas sold 104,537 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. Insiders own 1.32% of the company’s stock.

Enerplus Company Profile

(Get Free Report)

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.

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