Zacks Investment Management continued to hold its position in Enerplus Corporation (NYSE:ERF) (TSE:ERF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the oil and natural gas company’s stock at the end of the 2nd quarter. Zacks Investment Management’s holdings in Enerplus Corporation were worth $406,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Enerplus Corporation by 0.3% during the second quarter. US Bancorp DE now owns 38,170 shares of the oil and natural gas company’s stock worth $310,000 after acquiring an additional 100 shares during the last quarter. Comerica Bank raised its position in shares of Enerplus Corporation by 1.3% during the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock worth $101,000 after acquiring an additional 180 shares during the last quarter. World Asset Management Inc raised its position in shares of Enerplus Corporation by 3.9% during 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 acquiring an additional 568 shares during the last quarter. ETRADE Capital Management LLC raised its position in shares of Enerplus Corporation by 5.8% during the second quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock worth $122,000 after acquiring an additional 822 shares during the last quarter. Finally, Boston Partners raised its position in shares of Enerplus Corporation by 0.4% during the second quarter. Boston Partners now owns 406,435 shares of the oil and natural gas company’s stock worth $3,300,000 after acquiring an additional 1,727 shares during the last quarter. Institutional investors own 50.71% of the company’s stock.

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ERF has been the subject of a number of recent research reports. Zacks Investment Research downgraded Enerplus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Capital One Financial Corporation initiated coverage on Enerplus Corporation in a research report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 target price for the company. BidaskClub upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, ValuEngine upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.50.

Shares of Enerplus Corporation (NYSE ERF) opened at 9.58 on Thursday. The company has a market cap of $2.32 billion, a P/E ratio of 3.06 and a beta of 1.39. The company has a 50-day moving average price of $9.23 and a 200-day moving average price of $8.38. Enerplus Corporation has a 12-month low of $6.26 and a 12-month high of $10.33.

Enerplus Corporation (NYSE:ERF) (TSE:ERF) last announced its earnings results on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.16. The business had revenue of $191.57 million during the quarter, compared to analyst estimates of $257.94 million. Enerplus Corporation had a return on equity of 7.91% and a net margin of 103.80%. During the same period last year, the company earned ($0.77) EPS. On average, analysts predict that Enerplus Corporation will post $0.95 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 28th will be given a dividend of $0.008 per share. This represents a $0.10 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, September 27th. Enerplus Corporation’s dividend payout ratio is currently 3.48%.

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).

Institutional Ownership by Quarter for Enerplus Corporation (NYSE:ERF)

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