Rafferty Asset Management LLC grew its stake in Enerplus Corp (NYSE:ERF) (TSE:ERF) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,179 shares of the oil and natural gas company’s stock after purchasing an additional 5,428 shares during the period. Rafferty Asset Management LLC’s holdings in Enerplus were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ERF. Toronto Dominion Bank grew its position in Enerplus by 181.3% during the 2nd quarter. Toronto Dominion Bank now owns 660,620 shares of the oil and natural gas company’s stock worth $8,290,000 after acquiring an additional 425,807 shares during the last quarter. Intact Investment Management Inc. grew its position in Enerplus by 4.7% during the 3rd quarter. Intact Investment Management Inc. now owns 2,479,950 shares of the oil and natural gas company’s stock worth $39,456,000 after acquiring an additional 110,800 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in Enerplus during the 3rd quarter worth approximately $3,283,000. JCIC Asset Management Inc. grew its position in Enerplus by 19.7% during the 2nd quarter. JCIC Asset Management Inc. now owns 534,252 shares of the oil and natural gas company’s stock worth $6,745,000 after acquiring an additional 88,040 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Enerplus by 0.9% during the 3rd quarter. Bank of Montreal Can now owns 1,628,577 shares of the oil and natural gas company’s stock worth $20,097,000 after acquiring an additional 15,029 shares during the last quarter. Institutional investors own 53.81% of the company’s stock.
NYSE:ERF opened at $9.66 on Thursday. Enerplus Corp has a 52-week low of $8.25 and a 52-week high of $13.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 12.08 and a beta of 1.54.
Enerplus (NYSE:ERF) (TSE:ERF) last posted its quarterly earnings data on Friday, November 9th. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Enerplus had a return on equity of 12.80% and a net margin of 13.12%. The firm had revenue of $244.50 million for the quarter, compared to analyst estimates of $264.36 million. On average, analysts expect that Enerplus Corp will post 0.61 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 29th will be issued a dividend of $0.0076 per share. This represents a $0.09 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, November 28th. Enerplus’s dividend payout ratio is 11.25%.
A number of equities research analysts recently commented on the company. TheStreet lowered Enerplus from a “c” rating to a “d+” rating in a research report on Thursday, August 16th. Zacks Investment Research raised Enerplus from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, October 10th. Raymond James reaffirmed a “buy” rating and set a $25.50 price objective on shares of Enerplus in a report on Monday. ValuEngine downgraded Enerplus from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, SunTrust Banks set a $15.00 price objective on Enerplus and gave the stock a “buy” rating in a report on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Enerplus currently has an average rating of “Hold” and a consensus target price of $17.63.
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Enerplus Company Profile
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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