Enerplus (TSE:ERF) Reaches New 1-Year Low at $8.06

Enerplus Corp (TSE:ERF) (NYSE:ERF) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$8.06 and last traded at C$8.19, with a volume of 854789 shares. The stock had previously closed at C$8.75.

Several equities analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of Enerplus from C$15.00 to C$14.00 in a report on Thursday, July 18th. Raymond James lifted their price target on shares of Enerplus from C$20.50 to C$21.50 and gave the stock a “strong-buy” rating in a report on Monday, May 13th. Canaccord Genuity lifted their price target on shares of Enerplus from C$16.00 to C$18.00 in a report on Tuesday, April 9th. National Bank Financial cut their price target on shares of Enerplus from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, CIBC cut their price target on shares of Enerplus from C$18.00 to C$14.00 in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$16.75.

The company has a market capitalization of $1.91 billion and a PE ratio of 5.42. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 38.16. The company’s fifty day simple moving average is C$9.28.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Friday, May 10th. The oil and natural gas company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.04. The company had revenue of C$287.45 million for the quarter, compared to analysts’ expectations of C$285.95 million. Sell-side analysts anticipate that Enerplus Corp will post 1.41 EPS for the current year.

The business also recently disclosed a jul 19 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, July 30th. Enerplus’s dividend payout ratio (DPR) is presently 8.01%.

Enerplus Company Profile (TSE:ERF)

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

Featured Story: What does relative strength index mean?

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.