Enerplus Corporation (ERF) Shares Bought by Creative Planning
Creative Planning raised its position in Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 40.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,605 shares of the oil and natural gas company’s stock after buying an additional 5,074 shares during the period. Creative Planning’s holdings in Enerplus Corporation were worth $143,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Comerica Bank raised its stake 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 worth $101,000 after buying an additional 180 shares during the period. World Asset Management Inc raised its stake 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 worth $120,000 after buying an additional 568 shares during the period. Quantbot Technologies LP acquired a new stake in Enerplus Corporation during the first quarter worth approximately $148,000. Rafferty Asset Management LLC acquired a new stake in Enerplus Corporation during the first quarter worth approximately $154,000. Finally, Fox Run Management L.L.C. acquired a new stake in Enerplus Corporation during the first quarter worth approximately $158,000. Institutional investors and hedge funds own 49.17% of the company’s stock.
Shares of Enerplus Corporation (NYSE ERF) traded up 8.89% on Friday, reaching $9.19. The company’s stock had a trading volume of 2,978,576 shares. The company has a market cap of $2.23 billion, a PE ratio of 4.29 and a beta of 1.40. The firm has a 50 day moving average of $8.51 and a 200 day moving average of $8.30. Enerplus Corporation has a 52-week low of $5.61 and a 52-week high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.08 by $0.16. Enerplus Corporation had a net margin of 78.95% and a return on equity of 0.14%. The business had revenue of $191.57 million during the quarter, compared to the consensus estimate of $257.94 million. During the same period in the previous year, the business earned ($0.77) earnings per share. Analysts predict that Enerplus Corporation will post $0.63 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.0079 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.10 annualized dividend and a yield of 1.03%. Enerplus Corporation’s dividend payout ratio is currently 4.79%.
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A number of research firms recently commented on ERF. ValuEngine upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Canaccord Genuity restated a “buy” rating and set a $16.00 price target on shares of Enerplus Corporation in a research report on Monday, May 8th. Capital One Financial Corporation began coverage on Enerplus Corporation in a research report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Finally, Zacks Investment Research upgraded Enerplus Corporation from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Enerplus Corporation presently has a consensus rating of “Buy” and an average price target of $13.40.
Enerplus Corporation 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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