APG Asset Management N.V. purchased a new stake in Enerplus Corp (NYSE:ERF) (TSE:ERF) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 109,000 shares of the oil and natural gas company’s stock, valued at approximately $892,000.
Several other large investors have also recently added to or reduced their stakes in ERF. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enerplus in the 3rd quarter valued at about $109,000. Lbmc Investment Advisors LLC bought a new stake in shares of Enerplus in the 3rd quarter valued at about $148,000. ETRADE Capital Management LLC boosted its holdings in shares of Enerplus by 37.7% in the 3rd quarter. ETRADE Capital Management LLC now owns 20,721 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 5,669 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Enerplus in the 3rd quarter valued at about $282,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Enerplus in the 3rd quarter valued at about $288,000. Institutional investors and hedge funds own 49.74% of the company’s stock.
A number of research firms have recently weighed in on ERF. CIBC began coverage on shares of Enerplus in a report on Wednesday, October 18th. They issued a “sector outperform” rating on the stock. AltaCorp Capital restated a “buy” rating and issued a $16.00 price target on shares of Enerplus in a report on Monday, January 15th. Canaccord Genuity restated a “buy” rating and issued a $16.00 price target on shares of Enerplus in a report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Enerplus from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Enerplus presently has an average rating of “Buy” and a consensus target price of $14.50.
Enerplus (NYSE:ERF) (TSE:ERF) last released its earnings results on Thursday, November 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $129.08 million during the quarter, compared to analyst estimates of $153.09 million. Enerplus had a return on equity of 14.21% and a net margin of 121.44%. analysts anticipate that Enerplus Corp will post 0.77 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.008 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, January 30th. Enerplus’s dividend payout ratio (DPR) is presently 3.08%.
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Enerplus Company 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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