Enerplus Co. (NYSE:ERF) Position Boosted by TD Asset Management Inc

TD Asset Management Inc raised its holdings in shares of Enerplus Co. (NYSE:ERFFree Report) (TSE:ERF) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,279 shares of the oil and natural gas company’s stock after acquiring an additional 152,446 shares during the quarter. TD Asset Management Inc owned approximately 0.47% of Enerplus worth $14,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Enerplus in the 4th quarter valued at approximately $29,000. Employees Retirement System of Texas bought a new stake in shares of Enerplus in the 3rd quarter valued at approximately $52,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Enerplus in the 4th quarter valued at approximately $166,000. Navellier & Associates Inc. bought a new stake in shares of Enerplus in the 4th quarter valued at approximately $171,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Enerplus in the 3rd quarter valued at approximately $179,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Enerplus

Enerplus Price Performance

Shares of ERF stock opened at $20.09 on Monday. The stock has a 50-day moving average price of $20.03 and a 200 day moving average price of $17.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 11.16 and a beta of 1.97. Enerplus Co. has a 12 month low of $13.46 and a 12 month high of $20.97.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last issued its earnings results on Wednesday, May 8th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Enerplus had a return on equity of 33.88% and a net margin of 24.09%. The firm had revenue of $362.04 million for the quarter. Research analysts expect that Enerplus Co. will post 1.9 EPS for the current year.

Enerplus Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 30th. Enerplus’s dividend payout ratio (DPR) is presently 14.44%.

Enerplus Profile

(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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