Enerplus Corp. (ERF) is K.J. Harrison & Partners Inc’s 6th Largest Position
K.J. Harrison & Partners Inc decreased its stake in Enerplus Corp. (NYSE:ERF) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 621,081 shares of the company’s stock after selling 29,977 shares during the period. Enerplus Corp. makes up about 2.2% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 6th largest position. K.J. Harrison & Partners Inc’s holdings in Enerplus Corp. were worth $4,063,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in ERF. Norges Bank purchased a new stake in Enerplus Corp. during the fourth quarter valued at about $11,211,000. Acadian Asset Management LLC boosted its stake in Enerplus Corp. by 2,281.3% in the second quarter. Acadian Asset Management LLC now owns 2,019,300 shares of the company’s stock valued at $13,233,000 after buying an additional 1,934,500 shares during the period. Barometer Capital Management Inc. purchased a new stake in Enerplus Corp. during the second quarter valued at about $11,907,000. Wellington Management Group LLP boosted its stake in Enerplus Corp. by 104.5% in the first quarter. Wellington Management Group LLP now owns 2,348,067 shares of the company’s stock valued at $9,240,000 after buying an additional 1,199,760 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Enerplus Corp. by 68.2% in the first quarter. Renaissance Technologies LLC now owns 911,557 shares of the company’s stock valued at $3,582,000 after buying an additional 369,657 shares in the last quarter. 43.25% of the stock is owned by institutional investors and hedge funds.
Enerplus Corp. (NYSE:ERF) traded up 5.53% on Wednesday, reaching $6.11. 1,017,759 shares of the company’s stock were exchanged. Enerplus Corp. has a 1-year low of $1.84 and a 1-year high of $7.82. The firm’s market capitalization is $1.47 billion. The stock’s 50 day moving average price is $6.79 and its 200 day moving average price is $5.66.
Enerplus Corp. (NYSE:ERF) last announced its earnings results on Friday, August 5th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.67. The firm earned $152.40 million during the quarter, compared to analysts’ expectations of $158.40 million. Enerplus Corp. had a negative net margin of 155.95% and a negative return on equity of 60.19%. During the same quarter last year, the company posted ($1.52) earnings per share. On average, analysts expect that Enerplus Corp. will post ($0.94) earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a dividend of $0.0076 per share. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $0.09 dividend on an annualized basis and a yield of 1.49%. Enerplus Corp.’s dividend payout ratio (DPR) is -1.97%.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Enerplus Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 24th. Raymond James Financial Inc. assumed coverage on shares of Enerplus Corp. in a research note on Monday, June 6th. They set an “outperform” rating on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $11.00 price target on shares of Enerplus Corp. in a research note on Wednesday, June 22nd. Macquarie upgraded shares of Enerplus Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, June 6th. Finally, Canaccord Genuity assumed coverage on shares of Enerplus Corp. in a research note on Wednesday, August 17th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.00.
Enerplus Corp. Company Profile
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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