BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 2,322,631 shares of the oil and natural gas company’s stock, valued at approximately $26,013,000.
A number of other institutional investors also recently bought and sold shares of ERF. Lindbrook Capital LLC acquired a new stake in Enerplus during the 4th quarter worth approximately $25,000. Lavaca Capital LLC acquired a new stake in Enerplus during the 1st quarter worth approximately $35,000. Oppenheimer Asset Management Inc. acquired a new stake in Enerplus during the 4th quarter worth approximately $67,000. CWM Advisors LLC acquired a new stake in Enerplus during the 4th quarter worth approximately $86,000. Finally, Two Sigma Securities LLC acquired a new stake in Enerplus during the 4th quarter worth approximately $91,000. 57.31% of the stock is owned by institutional investors.
A number of research firms have weighed in on ERF. Zacks Investment Research raised Enerplus from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, April 24th. Raymond James reissued an “average” rating and set a $21.50 target price on shares of Enerplus in a research note on Monday, May 13th. TheStreet raised Enerplus from a “d+” rating to a “c+” rating in a research note on Monday, February 25th. ValuEngine downgraded Enerplus from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 24th. Finally, Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Enerplus in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.38.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $216.21 million during the quarter, compared to the consensus estimate of $215.00 million. Enerplus had a return on equity of 14.62% and a net margin of 31.33%. During the same period in the prior year, the business posted $0.12 EPS. On average, equities research analysts expect that Enerplus Corp will post 1 earnings per share for the current year.
The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.0075 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, April 29th. Enerplus’s dividend payout ratio (DPR) is 8.26%.
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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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