Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Enerplus Corp (NYSE:ERF) (TSE:ERF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 65,840 shares of the oil and natural gas company’s stock, valued at approximately $502,000.
Several other large investors have also made changes to their positions in ERF. Lavaca Capital LLC purchased a new stake in shares of Enerplus in the first quarter valued at $35,000. CWM Advisors LLC purchased a new stake in shares of Enerplus in the fourth quarter valued at $86,000. Two Sigma Securities LLC purchased a new stake in shares of Enerplus in the fourth quarter valued at $91,000. Lbmc Investment Advisors LLC purchased a new stake in shares of Enerplus in the first quarter valued at $122,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Enerplus by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,237 shares of the oil and natural gas company’s stock valued at $145,000 after purchasing an additional 1,699 shares during the period. 58.95% of the stock is owned by institutional investors and hedge funds.
ERF stock traded up $0.03 during trading on Friday, reaching $6.26. 37,254 shares of the stock traded hands, compared to its average volume of 793,970. The firm’s 50 day simple moving average is $7.15. Enerplus Corp has a 52-week low of $6.23 and a 52-week high of $13.87. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 5.73 and a beta of 1.66.
Enerplus (NYSE:ERF) (TSE:ERF) last issued its earnings results on Friday, May 10th. The oil and natural gas company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Enerplus had a return on equity of 14.62% and a net margin of 31.33%. The company had revenue of $216.21 million during the quarter, compared to the consensus estimate of $215.00 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. Equities research analysts anticipate that Enerplus Corp will post 0.82 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.008 dividend. This is an increase from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date is Tuesday, July 30th. This represents a $0.10 annualized dividend and a dividend yield of 1.53%. Enerplus’s dividend payout ratio is presently 8.26%.
A number of brokerages have recently commented on ERF. Raymond James reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Stantec in a research report on Monday, May 13th. GMP Securities reaffirmed a “buy” rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Canaccord Genuity raised Nuvista Energy to a “buy” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.55.
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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