UBS Asset Management Americas Inc. lowered its position in shares of Enerplus Corp. (NYSE:ERF) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 346,206 shares of the company’s stock after selling 35,173 shares during the period. UBS Asset Management Americas Inc. owned about 0.14% of Enerplus Corp. worth $2,269,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ERF. CIBC World Markets Inc. raised its stake in shares of Enerplus Corp. by 6.8% in the first quarter. CIBC World Markets Inc. now owns 141,358 shares of the company’s stock worth $556,000 after buying an additional 9,036 shares during the period. Credit Agricole S A raised its position in Enerplus Corp. by 460.3% in the first quarter. Credit Agricole S A now owns 266,200 shares of the company’s stock valued at $1,047,000 after buying an additional 218,690 shares during the last quarter. Wellington Management Group LLP raised its position in Enerplus Corp. by 104.5% in the first quarter. Wellington Management Group LLP now owns 2,348,067 shares of the company’s stock valued at $9,240,000 after buying an additional 1,199,760 shares during the last quarter. Creative Planning raised its position in Enerplus Corp. by 27.5% in the second quarter. Creative Planning now owns 18,706 shares of the company’s stock valued at $123,000 after buying an additional 4,029 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new position in Enerplus Corp. during the second quarter valued at approximately $11,907,000. 43.25% of the stock is owned by institutional investors and hedge funds.
Shares of Enerplus Corp. (NYSE:ERF) traded down 1.08% on Friday, reaching $7.31. The company had a trading volume of 807,328 shares. The firm’s market capitalization is $1.76 billion. The firm has a 50-day moving average price of $6.70 and a 200 day moving average price of $5.89. Enerplus Corp. has a 1-year low of $1.84 and a 1-year high of $7.82.
Enerplus Corp. (NYSE:ERF) last announced its quarterly earnings data on Friday, August 5th. The company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.67. Enerplus Corp. had a negative net margin of 155.95% and a negative return on equity of 60.19%. The business earned $152.40 million during the quarter, compared to analysts’ expectations of $158.40 million. During the same period in the prior year, the firm posted ($1.52) EPS. Equities research analysts predict that Enerplus Corp. will post ($0.87) earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be issued a $0.0076 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, September 27th. Enerplus Corp.’s dividend payout ratio is presently -1.97%.
ERF has been the subject of several recent research reports. Credit Suisse Group AG reissued a “buy” rating and issued a $11.00 price target on shares of Enerplus Corp. in a research report on Wednesday, June 22nd. Canaccord Genuity initiated coverage on Enerplus Corp. in a research report on Wednesday, August 17th. They issued a “buy” rating for the company. Finally, Barclays PLC reissued a “buy” rating on shares of Enerplus Corp. in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $8.88.
Enerplus Corp. Company Profile
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.