ARP Americas LLC boosted its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 53.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,700 shares of the oil and natural gas company’s stock after buying an additional 12,500 shares during the period. ARP Americas LLC’s holdings in Enerplus Corporation were worth $290,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in shares of Enerplus Corporation by 620.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,686,403 shares of the oil and natural gas company’s stock valued at $21,573,000 after buying an additional 2,313,652 shares during the last quarter. World Asset Management Inc boosted its position in shares of Enerplus Corporation by 3.9% in the first quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 568 shares during the last quarter. Comerica Bank boosted its position in shares of Enerplus Corporation by 1.3% in the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock valued at $101,000 after buying an additional 180 shares during the last quarter. Boston Partners purchased a new position in shares of Enerplus Corporation during the first quarter valued at $3,258,000. Finally, Capital Fund Management S.A. purchased a new position in shares of Enerplus Corporation during the first quarter valued at $207,000. 49.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enerplus Corporation (NYSE:ERF) traded up 0.90% during trading on Friday, hitting $9.00. The stock had a trading volume of 756,832 shares. The company has a market cap of $2.18 billion, a P/E ratio of 2.97 and a beta of 1.40. The stock’s 50-day moving average price is $8.62 and its 200-day moving average price is $8.30. Enerplus Corporation has a one year low of $5.61 and a one year high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.16. Enerplus Corporation had a return on equity of 7.91% and a net margin of 103.80%. The company had revenue of $191.57 million for the quarter, compared to the consensus estimate of $257.94 million. During the same period in the previous year, the business earned ($0.77) EPS. On average, equities research analysts forecast that Enerplus Corporation will post $0.92 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.0079 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.10 annualized dividend and a yield of 1.06%. Enerplus Corporation’s dividend payout ratio is presently 3.14%.
Several analysts recently issued reports on ERF shares. Zacks Investment Research upgraded shares of Enerplus Corporation from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Tuesday, June 6th. BidaskClub upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. ValuEngine upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Canaccord Genuity restated a “buy” rating and issued a $16.00 price objective on shares of Enerplus Corporation in a report on Monday, May 8th. Finally, Capital One Financial Corporation initiated coverage on shares of Enerplus Corporation in a research note on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Enerplus Corporation presently has a consensus rating of “Hold” and a consensus price target of $13.40.
Enerplus Corporation Company Profile
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).
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