US Bancorp DE Cuts Stock Position in Enerplus Co. (NYSE:ERF)

US Bancorp DE trimmed its holdings in Enerplus Co. (NYSE:ERFGet Rating) (TSE:ERF) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,013 shares of the oil and natural gas company’s stock after selling 854 shares during the quarter. US Bancorp DE’s holdings in Enerplus were worth $482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ninepoint Partners LP boosted its holdings in shares of Enerplus by 5.3% in the second quarter. Ninepoint Partners LP now owns 10,000,000 shares of the oil and natural gas company’s stock valued at $132,300,000 after acquiring an additional 500,000 shares during the period. Vanguard Group Inc. raised its position in Enerplus by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,296,902 shares of the oil and natural gas company’s stock worth $105,372,000 after acquiring an additional 169,917 shares in the last quarter. Wellington Management Group LLP raised its position in Enerplus by 74.2% in the first quarter. Wellington Management Group LLP now owns 2,986,433 shares of the oil and natural gas company’s stock worth $37,906,000 after acquiring an additional 1,271,801 shares in the last quarter. Advisory Research Inc. purchased a new position in Enerplus in the second quarter worth $38,716,000. Finally, Point72 Asset Management L.P. raised its position in Enerplus by 80.2% in the second quarter. Point72 Asset Management L.P. now owns 2,749,761 shares of the oil and natural gas company’s stock worth $36,359,000 after acquiring an additional 1,223,861 shares in the last quarter. 53.01% of the stock is owned by institutional investors and hedge funds.

Enerplus Trading Down 0.4 %

Enerplus stock opened at $17.70 on Monday. The stock has a market cap of $3.85 billion, a PE ratio of 6.02 and a beta of 2.22. The stock has a 50-day moving average price of $17.41 and a 200 day moving average price of $15.83. Enerplus Co. has a 52 week low of $10.21 and a 52 week high of $19.23. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last posted its quarterly earnings data on Thursday, November 3rd. The oil and natural gas company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $720.53 million for the quarter. Enerplus had a return on equity of 88.11% and a net margin of 34.14%. Equities research analysts predict that Enerplus Co. will post 3.12 earnings per share for the current fiscal year.

Enerplus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, November 29th. This is a boost from Enerplus’s previous quarterly dividend of $0.05. Enerplus’s dividend payout ratio (DPR) is currently 7.48%.

Analysts Set New Price Targets

ERF has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Enerplus from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. StockNews.com initiated coverage on Enerplus in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Scotiabank dropped their price target on Enerplus from C$26.00 to C$25.00 in a research report on Tuesday, January 17th. TD Securities raised their price target on Enerplus from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Finally, Barclays initiated coverage on Enerplus in a research report on Wednesday, January 18th. They issued an “equal weight” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Enerplus has a consensus rating of “Moderate Buy” and a consensus target price of $24.75.

Enerplus Profile

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Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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