Dalton Greiner Hartman Maher & Co. trimmed its holdings in Enerplus Corp (NYSE:ERF) (TSE:ERF) by 40.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,813 shares of the oil and natural gas company’s stock after selling 8,137 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Enerplus were worth $84,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments LLC acquired a new stake in shares of Enerplus during the 2nd quarter valued at approximately $93,000. Jane Street Group LLC acquired a new stake in shares of Enerplus during the 2nd quarter valued at approximately $102,000. Voloridge Investment Management LLC acquired a new stake in shares of Enerplus during the 3rd quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enerplus by 13.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,497 shares of the oil and natural gas company’s stock valued at $145,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Enerplus during the 2nd quarter valued at approximately $147,000. 57.78% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on ERF shares. ValuEngine raised Enerplus from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research raised Enerplus from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Friday, January 10th. Finally, Capital One Financial raised Enerplus from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Enerplus presently has a consensus rating of “Buy” and an average price target of $15.04.
Shares of ERF opened at $6.56 on Thursday. The company has a market cap of $1.49 billion, a P/E ratio of 6.02 and a beta of 1.66. The stock has a fifty day moving average price of $6.75 and a 200 day moving average price of $6.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.91. Enerplus Corp has a 12 month low of $5.50 and a 12 month high of $9.73.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, November 8th. The oil and natural gas company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The company had revenue of $256.81 million for the quarter, compared to the consensus estimate of $251.00 million. Enerplus had a return on equity of 16.47% and a net margin of 32.90%. During the same quarter in the previous year, the company earned $0.35 earnings per share. As a group, research analysts anticipate that Enerplus Corp will post 0.82 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.008 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.46%. Enerplus’s payout ratio is currently 8.26%.
Enerplus Company Profile
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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