Swiss National Bank Sells 56,900 Shares of Enerplus Co. (NYSE:ERF)

Swiss National Bank lessened its holdings in Enerplus Co. (NYSE:ERFFree Report) (TSE:ERF) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 417,555 shares of the oil and natural gas company’s stock after selling 56,900 shares during the period. Swiss National Bank’s holdings in Enerplus were worth $6,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ERF. Wellington Management Group LLP grew its position in Enerplus by 18.8% in the third quarter. Wellington Management Group LLP now owns 7,366,419 shares of the oil and natural gas company’s stock valued at $130,050,000 after acquiring an additional 1,164,478 shares during the last quarter. Deutsche Bank AG grew its position in Enerplus by 7,592.3% in the third quarter. Deutsche Bank AG now owns 1,092,996 shares of the oil and natural gas company’s stock valued at $19,270,000 after acquiring an additional 1,078,787 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Enerplus by 61.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,881,849 shares of the oil and natural gas company’s stock valued at $28,868,000 after acquiring an additional 718,606 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Enerplus by 115.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 906,788 shares of the oil and natural gas company’s stock worth $15,955,000 after purchasing an additional 486,400 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Enerplus during the third quarter worth about $4,907,000. Institutional investors own 58.42% of the company’s stock.

Enerplus Price Performance

Enerplus stock opened at $20.20 on Thursday. The stock’s 50 day moving average is $19.61 and its 200 day moving average is $17.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $4.13 billion, a P/E ratio of 11.22 and a beta of 1.97. Enerplus Co. has a one year low of $13.46 and a one year high of $20.97.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $437.10 million for the quarter. Enerplus had a return on equity of 33.88% and a net margin of 24.09%. As a group, research analysts expect that Enerplus Co. will post 1.99 EPS for the current year.

Enerplus Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 22nd will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, May 21st. Enerplus’s dividend payout ratio (DPR) is presently 14.44%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ERF shares. Royal Bank of Canada cut Enerplus from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $21.00 to $22.00 in a report on Monday, April 29th. StockNews.com started coverage on Enerplus in a report on Thursday. They set a “hold” rating on the stock. Finally, TD Securities boosted their price target on Enerplus from $19.07 to $20.09 and gave the stock a “sell” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.87.

Check Out Our Latest Research Report on ERF

About Enerplus

(Free Report)

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.

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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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