Enerplus (NYSE:ERF) (TSE:ERF) issued its earnings results on Friday. The oil and natural gas company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.19, Morningstar.com reports. Enerplus had a net margin of 8.23% and a return on equity of 4.05%. The company had revenue of $213.47 million for the quarter, compared to the consensus estimate of $194.30 million.
Enerplus (NYSE ERF) traded up $1.00 during trading on Friday, hitting $11.47. 1,470,000 shares of the stock were exchanged, compared to its average volume of 1,280,000. The stock has a market cap of $2,800.00, a P/E ratio of 3.51 and a beta of 1.46. Enerplus has a twelve month low of $6.52 and a twelve month high of $11.78. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.41.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.008 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, February 27th. Enerplus’s dividend payout ratio (DPR) is 3.06%.
Several institutional investors have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its stake 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 acquiring an additional 5,669 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Enerplus in the 3rd quarter valued at approximately $109,000. Capital Fund Management S.A. raised its stake in shares of Enerplus by 39.2% in the 4th quarter. Capital Fund Management S.A. now owns 41,900 shares of the oil and natural gas company’s stock valued at $410,000 after acquiring an additional 11,800 shares during the period. Albert D Mason Inc. raised its stake in shares of Enerplus by 14.4% in the 4th quarter. Albert D Mason Inc. now owns 93,708 shares of the oil and natural gas company’s stock valued at $917,000 after acquiring an additional 11,830 shares during the period. Finally, Lbmc Investment Advisors LLC purchased a new stake in shares of Enerplus in the 3rd quarter valued at approximately $148,000. 52.81% of the stock is currently owned by institutional investors and hedge funds.
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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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