Legal & General Group Plc cut its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,385 shares of the oil and natural gas company’s stock after selling 77,106 shares during the quarter. Legal & General Group Plc owned about 0.17% of Enerplus Corporation worth $3,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Enerplus Corporation by 0.3% during the second quarter. US Bancorp DE now owns 38,170 shares of the oil and natural gas company’s stock valued at $310,000 after buying an additional 100 shares during the last quarter. Comerica Bank boosted its holdings in 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 purchasing an additional 180 shares during the last quarter. World Asset Management Inc boosted its holdings in 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 purchasing an additional 568 shares during the last quarter. Boston Partners boosted its holdings in Enerplus Corporation by 0.4% in the second quarter. Boston Partners now owns 406,435 shares of the oil and natural gas company’s stock valued at $3,300,000 after purchasing an additional 1,727 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in Enerplus Corporation by 11.5% in the first quarter. Shell Asset Management Co. now owns 23,200 shares of the oil and natural gas company’s stock valued at $248,000 after purchasing an additional 2,400 shares during the last quarter. 50.71% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have commented on ERF shares. Zacks Investment Research lowered shares of Enerplus Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Capital One Financial Corporation started coverage on shares of Enerplus Corporation in a report on Tuesday, July 11th. They issued an “overweight” rating and a $13.00 price target on the stock. Finally, ValuEngine raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.40.

Enerplus Corporation (NYSE ERF) opened at 9.31 on Friday. The firm has a 50 day moving average of $8.89 and a 200-day moving average of $8.27. The firm has a market cap of $2.25 billion, a P/E ratio of 3.06 and a beta of 1.38. Enerplus Corporation has a 12 month low of $5.61 and a 12 month high of $10.33.

Enerplus Corporation (NYSE:ERF) (TSE:ERF) last issued its earnings results on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.16. The business had revenue of $191.57 million for the quarter, compared to the consensus estimate of $257.94 million. Enerplus Corporation had a net margin of 103.80% and a return on equity of 7.91%. During the same quarter in the previous year, the firm earned ($0.77) earnings per share. On average, equities research analysts forecast that Enerplus Corporation will post $0.96 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.0078 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, August 29th. Enerplus Corporation’s payout ratio is 3.14%.

Enerplus Corporation 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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Institutional Ownership by Quarter for Enerplus Corporation (NYSE:ERF)

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