Enerplus Corp (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Monday, December 18th, NASDAQ reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.008 per share by the oil and natural gas company on Monday, January 15th. This represents a $0.10 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, December 28th.

Enerplus has decreased its dividend by an average of 48.9% per year over the last three years. Enerplus has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerplus to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 16.0%.

Shares of Enerplus (NYSE:ERF) traded up $0.14 during midday trading on Wednesday, reaching $9.60. 423,100 shares of the company’s stock traded hands, compared to its average volume of 1,042,744. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. Enerplus has a 1-year low of $6.52 and a 1-year high of $10.20. The company has a market cap of $2,290.54, a price-to-earnings ratio of 2.95 and a beta of 1.33.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Enerplus from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Monday, November 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 target price on shares of Enerplus in a research report on Thursday, November 9th. Scotiabank reaffirmed a “buy” rating and issued a $16.00 target price on shares of Enerplus in a research report on Tuesday, October 10th. ValuEngine raised shares of Enerplus from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, CIBC assumed coverage on shares of Enerplus in a research report on Wednesday, October 18th. They issued a “sector outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Enerplus currently has a consensus rating of “Buy” and an average target price of $14.20.

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About Enerplus

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

Dividend History for Enerplus (NYSE:ERF)

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