Cipher Capital LP raised its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 240.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,832 shares of the oil and natural gas company’s stock after buying an additional 78,947 shares during the period. Cipher Capital LP’s holdings in Enerplus Corporation were worth $1,104,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Enerplus Corporation by 0.3% during the 2nd quarter. US Bancorp DE now owns 38,170 shares of the oil and natural gas company’s stock valued at $310,000 after purchasing an additional 100 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in shares of Enerplus Corporation by 5.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 15,052 shares of the oil and natural gas company’s stock valued at $122,000 after purchasing an additional 822 shares in the last quarter. Boston Partners raised its holdings in shares of Enerplus Corporation by 0.4% during the 2nd quarter. Boston Partners now owns 406,435 shares of the oil and natural gas company’s stock valued at $3,300,000 after purchasing an additional 1,727 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerplus Corporation by 15.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,982 shares of the oil and natural gas company’s stock valued at $178,000 after purchasing an additional 2,890 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Enerplus Corporation by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 23,426 shares of the oil and natural gas company’s stock valued at $189,000 after purchasing an additional 3,268 shares in the last quarter. 49.95% of the stock is owned by institutional investors.

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ERF has been the topic of several recent analyst reports. BidaskClub downgraded shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Enerplus Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. ValuEngine upgraded shares of Enerplus Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Canaccord Genuity restated a “buy” rating and set a $16.00 price objective on shares of Enerplus Corporation in a report on Thursday, November 9th. Finally, CIBC began coverage on shares of Enerplus Corporation in a report on Wednesday, October 18th. They set a “sector outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Enerplus Corporation presently has a consensus rating of “Buy” and an average target price of $14.17.

Shares of Enerplus Corporation (ERF) traded up $0.13 during trading on Friday, hitting $9.05. 842,600 shares of the stock traded hands, compared to its average volume of 1,055,394. The firm has a market cap of $2,191.27, a price-to-earnings ratio of 13.92 and a beta of 1.37. Enerplus Corporation has a 1-year low of $6.52 and a 1-year high of $10.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.04.

The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.0079 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.09 dividend on an annualized basis and a yield of 1.04%. Enerplus Corporation’s dividend payout ratio (DPR) is presently 2.77%.

Enerplus Corporation Profile

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

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Institutional Ownership by Quarter for Enerplus Corporation (NYSE:ERF)

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