Caymus Capital Partners L.P. boosted its position in Enerplus (NYSE:ERF) (TSE:ERF) by 43.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,362,762 shares of the oil and natural gas company’s stock after acquiring an additional 411,800 shares during the quarter. Enerplus accounts for about 2.6% of Caymus Capital Partners L.P.’s portfolio, making the stock its 14th largest position. Caymus Capital Partners L.P.’s holdings in Enerplus were worth $15,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in shares of Enerplus by 18.0% in the 4th quarter. Mackenzie Financial Corp now owns 11,366,279 shares of the oil and natural gas company’s stock worth $111,276,000 after acquiring an additional 1,730,941 shares during the last quarter. Boston Partners increased its stake in shares of Enerplus by 2,083.2% in the 1st quarter. Boston Partners now owns 8,421,859 shares of the oil and natural gas company’s stock worth $94,830,000 after acquiring an additional 8,036,098 shares during the last quarter. Lincluden Management Ltd. increased its stake in shares of Enerplus by 6.5% in the 4th quarter. Lincluden Management Ltd. now owns 1,779,736 shares of the oil and natural gas company’s stock worth $17,858,000 after acquiring an additional 109,235 shares during the last quarter. Waratah Capital Advisors Ltd. increased its stake in shares of Enerplus by 65.7% in the 4th quarter. Waratah Capital Advisors Ltd. now owns 1,750,584 shares of the oil and natural gas company’s stock worth $17,178,000 after acquiring an additional 694,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Enerplus by 38.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 985,852 shares of the oil and natural gas company’s stock worth $9,730,000 after acquiring an additional 274,165 shares during the last quarter. 50.22% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Enerplus from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.40.

Shares of ERF opened at $12.34 on Thursday. Enerplus has a 52-week low of $12.17 and a 52-week high of $12.38. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.53.

Enerplus (NYSE:ERF) (TSE:ERF) last issued its earnings results on Thursday, May 3rd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.11). Enerplus had a return on equity of 12.94% and a net margin of 19.43%. The company had revenue of $209.71 million during the quarter, compared to analyst estimates of $213.30 million. During the same period last year, the business earned $0.32 earnings per share. sell-side analysts forecast that Enerplus will post 0.93 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.008 per share. The ex-dividend date was Friday, April 27th. This is a boost from Enerplus’s previous monthly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.78%. Enerplus’s dividend payout ratio is currently 11.25%.

Enerplus declared that its board has authorized a share repurchase program on Wednesday, March 21st that allows the company to buyback 17,100,000 shares. This buyback authorization allows the oil and natural gas company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Enerplus Profile

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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