Blueshift Asset Management LLC Invests $206,000 in Enerplus Corp (ERF) Stock

Blueshift Asset Management LLC bought a new stake in Enerplus Corp (NYSE:ERF) (TSE:ERF) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 26,564 shares of the oil and natural gas company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently bought and sold shares of ERF. AGF Investments Inc. lifted its stake in Enerplus by 2,280.8% in the 3rd quarter. AGF Investments Inc. now owns 1,130,861 shares of the oil and natural gas company’s stock valued at $13,964,000 after buying an additional 1,083,361 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Enerplus by 267.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,434,377 shares of the oil and natural gas company’s stock worth $17,716,000 after purchasing an additional 1,044,233 shares during the period. TD Asset Management Inc. lifted its stake in shares of Enerplus by 23.7% during the 4th quarter. TD Asset Management Inc. now owns 4,701,332 shares of the oil and natural gas company’s stock worth $36,556,000 after purchasing an additional 902,108 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Enerplus by 6.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,542,599 shares of the oil and natural gas company’s stock worth $179,448,000 after purchasing an additional 868,875 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Enerplus during the 3rd quarter worth $3,437,000. 56.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Enerplus stock opened at $8.38 on Friday. Enerplus Corp has a fifty-two week low of $6.84 and a fifty-two week high of $13.87. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 7.69 and a beta of 1.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 1.78.

Enerplus (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Enerplus had a return on equity of 12.78% and a net margin of 32.58%. The company had revenue of $247.23 million for the quarter, compared to analyst estimates of $248.00 million. During the same quarter in the prior year, the company posted $0.06 EPS. Analysts expect that Enerplus Corp will post 0.98 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be given a $0.008 dividend. This is a positive change from Enerplus’s previous monthly dividend of $0.01. This represents a $0.10 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, February 27th. Enerplus’s dividend payout ratio (DPR) is 8.26%.

A number of research analysts have weighed in on the company. Raymond James reissued a “buy” rating on shares of Enerplus in a research note on Thursday, December 13th. Zacks Investment Research raised Enerplus from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. ValuEngine lowered Enerplus from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 6th. TheStreet raised Enerplus from a “d+” rating to a “c+” rating in a research note on Monday, February 25th. Finally, Capital One Financial lowered Enerplus from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Enerplus currently has an average rating of “Hold” and a consensus target price of $18.17.

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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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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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