Bank of Montreal Can increased its position in shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,337,580 shares of the oil and natural gas company’s stock after purchasing an additional 13,954 shares during the period. Bank of Montreal Can’s holdings in Enerplus were worth $11,249,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in shares of Enerplus during the fourth quarter valued at approximately $25,000. Lavaca Capital LLC bought a new stake in shares of Enerplus during the first quarter valued at approximately $35,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Enerplus during the fourth quarter valued at approximately $67,000. CWM Advisors LLC bought a new stake in shares of Enerplus during the fourth quarter valued at approximately $86,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Enerplus during the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 57.57% of the company’s stock.
Shares of ERF stock opened at $8.68 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.96 and a beta of 1.65. Enerplus Corp has a one year low of $6.84 and a one year high of $13.87.
Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $247.23 million for the quarter, compared to analyst estimates of $248.00 million. Enerplus had a return on equity of 12.78% and a net margin of 32.58%. During the same quarter in the previous year, the firm earned $0.06 EPS. Research analysts expect that Enerplus Corp will post 1.05 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 1.04%. The ex-dividend date is Monday, April 29th. Enerplus’s dividend payout ratio is 8.26%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Enerplus from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, April 24th. Canaccord Genuity restated a “buy” rating and set a $18.00 price objective on shares of Enerplus in a research report on Tuesday, April 9th. TheStreet raised Enerplus from a “d+” rating to a “c+” rating in a research note on Monday, February 25th. Finally, ValuEngine lowered Enerplus from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.38.
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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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