Cetera Investment Advisers Invests $2.63 Million in Enerplus Corporation (ERF)
Cetera Investment Advisers acquired a new position in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 325,543 shares of the oil and natural gas company’s stock, valued at approximately $2,628,000. Cetera Investment Advisers owned 0.13% of Enerplus Corporation as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Comerica Bank raised its holdings in shares of Enerplus Corporation by 1.3% during the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock worth $101,000 after acquiring an additional 180 shares during the period. Private Capital Management Inc. acquired a new stake in shares of Enerplus Corporation during the second quarter worth $122,000. ETRADE Capital Management LLC raised its holdings in shares of Enerplus Corporation by 5.8% during the second quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock worth $122,000 after acquiring an additional 822 shares during the period. Creative Planning raised its holdings in shares of Enerplus Corporation by 40.5% during the second quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock worth $143,000 after acquiring an additional 5,074 shares during the period. Finally, Pacad Investment Ltd. raised its holdings in shares of Enerplus Corporation by 69.0% during the second quarter. Pacad Investment Ltd. now owns 20,108 shares of the oil and natural gas company’s stock worth $163,000 after acquiring an additional 8,208 shares during the period. Institutional investors and hedge funds own 50.71% of the company’s stock.
Shares of Enerplus Corporation (NYSE ERF) traded up 1.01% during midday trading on Friday, reaching $9.01. 692,855 shares of the company’s stock traded hands. Enerplus Corporation has a 52-week low of $6.26 and a 52-week high of $10.33. The company has a 50 day moving average of $9.30 and a 200 day moving average of $8.45. The firm has a market cap of $2.18 billion, a PE ratio of 2.88 and a beta of 1.39.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last released its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.16. Enerplus Corporation had a net margin of 103.80% and a return on equity of 7.91%. The firm had revenue of $191.57 million for the quarter, compared to the consensus estimate of $257.94 million. During the same quarter in the prior year, the company posted ($0.77) earnings per share. On average, equities analysts predict that Enerplus Corporation will post $0.94 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Shareholders of record on Thursday, September 28th were issued a dividend of $0.008 per share. The ex-dividend date was Wednesday, September 27th. This represents a $0.10 annualized dividend and a yield of 1.07%. Enerplus Corporation’s payout ratio is 3.48%.
ERF has been the topic of a number of research analyst reports. Capital One Financial Corporation initiated coverage on shares of Enerplus Corporation in a report on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price objective on the stock. Scotiabank restated a “buy” rating and set a $16.00 price objective on shares of Enerplus Corporation in a report on Tuesday, October 10th. BidaskClub lowered shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, ValuEngine upgraded shares of Enerplus Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.80.
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Enerplus Corporation 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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