Enerplus Corp (NYSE:ERF) (TSE:ERF) has been given a consensus rating of “Buy” by the nine research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.00.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Enerplus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. CIBC assumed coverage on Enerplus in a research report on Wednesday, October 18th. They set a “sector outperform” rating on the stock. Canaccord Genuity restated a “buy” rating and set a $16.00 price target on shares of Enerplus in a research report on Thursday, November 9th. ValuEngine upgraded Enerplus from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Scotiabank restated a “buy” rating and set a $16.00 price target on shares of Enerplus in a research report on Tuesday, October 10th.
Several large investors have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Enerplus by 19.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 134,348 shares of the oil and natural gas company’s stock valued at $1,315,000 after buying an additional 22,036 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Enerplus by 101.2% during the third quarter. Point72 Asset Management L.P. now owns 1,901,390 shares of the oil and natural gas company’s stock valued at $18,775,000 after buying an additional 956,390 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Enerplus during the third quarter valued at about $2,320,000. Allianz Asset Management GmbH grew its stake in shares of Enerplus by 339.7% during the third quarter. Allianz Asset Management GmbH now owns 545,168 shares of the oil and natural gas company’s stock valued at $5,366,000 after buying an additional 421,171 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Enerplus by 38.5% during the third quarter. Dimensional Fund Advisors LP now owns 985,852 shares of the oil and natural gas company’s stock valued at $9,730,000 after buying an additional 274,165 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.
Enerplus (NYSE:ERF) traded up $0.31 during midday trading on Friday, reaching $10.61. The company’s stock had a trading volume of 1,309,400 shares, compared to its average volume of 1,440,037. Enerplus has a twelve month low of $6.52 and a twelve month high of $10.75. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2,620.00, a P/E ratio of 3.22 and a beta of 1.35.
The business also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.008 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.90%. Enerplus’s dividend payout ratio (DPR) is currently 2.73%.
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Enerplus 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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