Enerplus Corporation (ERF) Position Lowered by National Planning Corp
National Planning Corp cut its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,715 shares of the oil and natural gas company’s stock after selling 950 shares during the period. National Planning Corp’s holdings in Enerplus Corporation were worth $182,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Enerplus Corporation by 38.1% in the first quarter. Mackenzie Financial Corp now owns 9,820,064 shares of the oil and natural gas company’s stock valued at $79,052,000 after buying an additional 2,709,978 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Enerplus Corporation by 2.7% in the first quarter. Vanguard Group Inc. now owns 4,643,180 shares of the oil and natural gas company’s stock valued at $37,378,000 after buying an additional 121,664 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Enerplus Corporation by 23.1% in the second quarter. Bank of Montreal Can now owns 2,830,308 shares of the oil and natural gas company’s stock valued at $22,983,000 after buying an additional 530,278 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake 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 in the last quarter. Finally, York Capital Management Global Advisors LLC purchased a new stake in shares of Enerplus Corporation during the first quarter valued at $19,013,000. 49.32% of the stock is currently owned by institutional investors and hedge funds.
Enerplus Corporation (NYSE:ERF) opened at 8.95 on Thursday. Enerplus Corporation has a 1-year low of $5.61 and a 1-year high of $10.33. The company has a 50-day moving average of $8.58 and a 200 day moving average of $8.29. The stock has a market cap of $2.17 billion, a P/E ratio of 4.18 and a beta of 1.40.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.16. The firm had revenue of $191.57 million for the quarter, compared to analyst estimates of $257.94 million. Enerplus Corporation had a net margin of 103.80% and a return on equity of 7.91%. During the same period in the previous year, the firm earned ($0.77) EPS. Analysts predict that Enerplus Corporation will post $0.92 EPS for the current year.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.0079 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.10 annualized dividend and a yield of 1.06%. Enerplus Corporation’s dividend payout ratio (DPR) is currently 3.14%.
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Several equities research analysts have recently weighed in on ERF shares. Capital One Financial Corporation started coverage on shares of Enerplus Corporation in a research note on Tuesday, July 11th. They issued an “overweight” rating and a $13.00 target price on the stock. Zacks Investment Research downgraded shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $16.00 target price on shares of Enerplus Corporation in a research note on Monday, May 8th. BidaskClub raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, ValuEngine raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Enerplus Corporation currently has a consensus rating of “Buy” and an average price target of $13.40.
About Enerplus Corporation
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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