Enerplus (TSE:ERF) Stock Passes Below 200-Day Moving Average of $21.87

Enerplus Co. (TSE:ERF – Get Rating) (NYSE:ERF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.87 and traded as low as C$19.47. Enerplus shares last traded at C$19.75, with a volume of 385,587 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Enerplus from C$30.50 to C$29.00 in a research report on Friday, May 5th. Scotiabank decreased their price objective on shares of Enerplus from C$25.00 to C$23.00 in a report on Thursday, April 13th. Finally, Barclays upgraded shares of Enerplus from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from C$28.00 to C$30.00 in a report on Thursday, April 20th.

Enerplus Price Performance

The company has a debt-to-equity ratio of 19.58, a quick ratio of 0.61 and a current ratio of 0.75. The company’s 50-day simple moving average is C$19.67 and its 200-day simple moving average is C$21.87. The company has a market capitalization of C$4.23 billion, a PE ratio of 3.43, a P/E/G ratio of 0.25 and a beta of 2.86.

Enerplus (TSE:ERF – Get Rating) (NYSE:ERF) last announced its quarterly earnings results on Thursday, February 23rd. The oil and natural gas company reported C$1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($0.04). The business had revenue of C$744.98 million during the quarter. Enerplus had a net margin of 48.70% and a return on equity of 117.48%. As a group, sell-side analysts anticipate that Enerplus Co. will post 3.5291005 earnings per share for the current year.

Enerplus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, May 30th. Enerplus’s payout ratio is currently 5.22%.

Insider Activity

In other Enerplus news, Senior Officer Ian Charles Dundas purchased 5,000 shares of Enerplus stock in a transaction dated Wednesday, March 15th. The shares were bought at an average cost of C$18.15 per share, for a total transaction of C$90,764.00. In related news, Senior Officer Garth Robert Doll sold 8,279 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of C$21.30, for a total transaction of C$176,342.70. Also, Senior Officer Ian Charles Dundas purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were acquired at an average price of C$18.15 per share, for a total transaction of C$90,764.00. Insiders own 0.37% of the company’s stock.

Enerplus Company Profile

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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, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.