Enerplus Corporation (ERF) Position Lowered by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board cut its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 73.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,993 shares of the oil and natural gas company’s stock after selling 604,607 shares during the period. Canada Pension Plan Investment Board owned about 0.09% of Enerplus Corporation worth $1,766,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Comerica Bank increased its stake in shares of Enerplus Corporation by 1.3% in the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock valued at $101,000 after buying an additional 180 shares in the last quarter. World Asset Management Inc increased its stake in shares of Enerplus Corporation by 3.9% in the first quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 568 shares in the last quarter. Private Capital Management Inc. purchased a new stake in shares of Enerplus Corporation during the second quarter valued at approximately $122,000. Creative Planning increased its stake in shares of Enerplus Corporation by 40.5% in the second quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock valued at $143,000 after buying an additional 5,074 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Enerplus Corporation during the first quarter valued at approximately $148,000. Institutional investors own 50.71% of the company’s stock.
Enerplus Corporation (ERF) opened at 8.81 on Monday. The company’s 50-day moving average is $8.69 and its 200 day moving average is $8.28. The firm has a market cap of $2.13 billion, a P/E ratio of 2.94 and a beta of 1.40. Enerplus Corporation has a 12 month low of $5.61 and a 12 month high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.08 by $0.16. The firm had revenue of $191.57 million for the quarter, compared to analyst estimates of $257.94 million. Enerplus Corporation had a return on equity of 7.91% and a net margin of 103.80%. During the same period in the prior year, the company earned ($0.77) EPS. Equities research analysts expect that Enerplus Corporation will post $0.93 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.0078 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.09 annualized dividend and a dividend yield of 1.07%. Enerplus Corporation’s dividend payout ratio (DPR) is presently 3.14%.
Several brokerages recently issued reports on ERF. BidaskClub downgraded shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. ValuEngine upgraded shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Canaccord Genuity reiterated a “buy” rating and set a $16.00 price target on shares of Enerplus Corporation in a research report on Monday, May 8th. Finally, Capital One Financial Corporation began coverage on shares of Enerplus Corporation in a research report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Enerplus Corporation currently has a consensus rating of “Hold” and an average price target of $13.40.
Enerplus Corporation 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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