Enerplus Co. (TSE:ERF – Get Free Report) (NYSE:ERF) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Investors of record on Wednesday, May 22nd will be paid a dividend of 0.065 per share by the oil and natural gas company on Tuesday, June 4th. This represents a $0.26 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, May 21st. This is a positive change from Enerplus’s previous quarterly dividend of $0.06.
Enerplus Price Performance
TSE:ERF traded up C$0.29 during midday trading on Wednesday, hitting C$27.57. The company had a trading volume of 575,393 shares, compared to its average volume of 583,899. Enerplus has a 52-week low of C$18.23 and a 52-week high of C$28.84. The stock’s fifty day moving average price is C$26.32 and its 200-day moving average price is C$22.91. The company has a market capitalization of C$5.60 billion, a PE ratio of 9.71, a P/E/G ratio of 0.25 and a beta of 2.65. The company has a quick ratio of 0.61, a current ratio of 0.80 and a debt-to-equity ratio of 17.31.
Enerplus (TSE:ERF – Get 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 (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.03. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. The business had revenue of C$595.12 million during the quarter. As a group, research analysts expect that Enerplus will post 3.001087 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ERF
Insider Buying and Selling
In other Enerplus news, Senior Officer Ian Charles Dundas sold 104,537 shares of the company’s stock in a transaction that occurred 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. 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.
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