Grace & White Inc. NY decreased its stake in Enerplus Corp (NYSE:ERF) (TSE:ERF) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,900 shares of the oil and natural gas company’s stock after selling 10,886 shares during the quarter. Grace & White Inc. NY owned approximately 0.13% of Enerplus worth $3,181,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ERF. Campbell & CO Investment Adviser LLC bought a new position in Enerplus in the 3rd quarter valued at $109,000. ETRADE Capital Management LLC raised its position in Enerplus by 5.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock valued at $122,000 after purchasing an additional 822 shares during the last quarter. Lbmc Investment Advisors LLC bought a new stake in shares of Enerplus during the third quarter worth $148,000. SG Americas Securities LLC bought a new stake in shares of Enerplus during the third quarter worth $282,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Enerplus during the third quarter worth $288,000. 49.18% of the stock is currently owned by institutional investors and hedge funds.
Enerplus Corp (NYSE:ERF) traded down $0.04 during mid-day trading on Wednesday, hitting $10.13. The stock had a trading volume of 86,515 shares, compared to its average volume of 1,364,795. 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 firm has a market capitalization of $2,493.93, a PE ratio of 3.13 and a beta of 1.44. Enerplus Corp has a 52 week low of $6.52 and a 52 week high of $11.78.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.008 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.95%. Enerplus’s dividend payout ratio is currently 3.08%.
A number of equities research analysts have recently weighed in on the company. CIBC initiated coverage on Enerplus in a research report on Wednesday, October 18th. They set a “sector outperform” rating for the company. Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a report on Thursday, November 9th. AltaCorp Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a report on Monday, January 15th. Finally, Zacks Investment Research raised Enerplus from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.40.
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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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