Enerplus Target of Unusually High Options Trading (ERF)
Enerplus Corp (NYSE:ERF) (TSE:ERF) saw unusually large options trading on Thursday. Stock traders purchased 1,015 call options on the stock. This represents an increase of approximately 783% compared to the typical daily volume of 115 call options.
Institutional investors have recently modified their holdings of the business. Brown Advisory Inc. lifted its stake in shares of Enerplus by 52.4% during the 3rd quarter. Brown Advisory Inc. now owns 92,992 shares of the oil and natural gas company’s stock worth $1,148,000 after purchasing an additional 31,970 shares during the period. Swiss National Bank increased its holdings in shares of Enerplus by 2.4% during the 3rd quarter. Swiss National Bank now owns 434,355 shares of the oil and natural gas company’s stock worth $5,344,000 after buying an additional 10,300 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Enerplus by 36.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 20,179 shares of the oil and natural gas company’s stock worth $249,000 after buying an additional 5,428 shares during the last quarter. CWM Advisors LLC acquired a new stake in shares of Enerplus during the 4th quarter worth $86,000. Finally, TD Asset Management Inc. increased its holdings 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 buying an additional 902,108 shares during the last quarter. 56.18% of the stock is currently owned by institutional investors.
Shares of Enerplus stock opened at $8.38 on Friday. Enerplus 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.
The firm also recently declared a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.008 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, February 27th. This is a positive change from Enerplus’s previous monthly dividend of $0.01. Enerplus’s dividend payout ratio is currently 8.26%.
Several brokerages have recently commented on ERF. 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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