ClariVest Asset Management LLC Invests $735,000 in Enerplus Corp. (ERF)
ClariVest Asset Management LLC acquired a new position in shares of Enerplus Corp. (NYSE:ERF) during the second quarter, Holdings Channel reports. The firm acquired 111,900 shares of the company’s stock, valued at approximately $735,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. increased its stake in shares of Enerplus Corp. by 4.0% in the second quarter. Shell Asset Management Co. now owns 15,500 shares of the company’s stock worth $132,000 after buying an additional 600 shares during the period. Creative Planning increased its stake in shares of Enerplus Corp. by 27.5% in the second quarter. Creative Planning now owns 18,706 shares of the company’s stock worth $123,000 after buying an additional 4,029 shares during the last quarter. Albert D Mason Inc. increased its stake in shares of Enerplus Corp. by 11.1% in the second quarter. Albert D Mason Inc. now owns 103,272 shares of the company’s stock worth $678,000 after buying an additional 10,315 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in shares of Enerplus Corp. during the second quarter worth about $147,000. Finally, CIBC World Markets Inc. increased its stake in shares of Enerplus Corp. by 76.7% in the second quarter. CIBC World Markets Inc. now owns 249,714 shares of the company’s stock worth $1,641,000 after buying an additional 108,356 shares during the last quarter. Institutional investors own 43.25% of the company’s stock.
Enerplus Corp. (NYSE:ERF) traded down 0.55% during trading on Friday, reaching $7.27. The company’s stock had a trading volume of 926,589 shares. Enerplus Corp. has a 1-year low of $1.84 and a 1-year high of $7.82. The company’s 50-day moving average is $6.69 and its 200-day moving average is $6.01. The company’s market capitalization is $1.75 billion.
Enerplus Corp. (NYSE:ERF) last posted its earnings results on Friday, August 5th. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.67. The firm earned $152.40 million during the quarter, compared to analyst estimates 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 period last year, the company posted ($1.52) EPS. Equities analysts anticipate that Enerplus Corp. will post ($0.87) EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 29th were issued a $0.0076 dividend. This represents a $0.09 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, September 27th. Enerplus Corp.’s dividend payout ratio (DPR) is -1.97%.
A number of brokerages recently issued reports on ERF. Barclays PLC reissued a “buy” rating on shares of Enerplus Corp. in a research report on Thursday, October 6th. Canaccord Genuity began coverage on Enerplus Corp. in a research report on Wednesday, August 17th. They set a “buy” rating for the company. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $11.00 price objective on shares of Enerplus Corp. in a research report on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $8.88.
About Enerplus Corp.
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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