Eagle Asset Management Inc. Buys 53,287 Shares of Enerplus Co. (NYSE:ERF)

Eagle Asset Management Inc. lifted its stake in Enerplus Co. (NYSE:ERFFree Report) (TSE:ERF) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,179,057 shares of the oil and natural gas company’s stock after buying an additional 53,287 shares during the quarter. Eagle Asset Management Inc. owned about 0.58% of Enerplus worth $18,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ERF. Tacita Capital Inc raised its stake in Enerplus by 2.6% during the 3rd quarter. Tacita Capital Inc now owns 30,835 shares of the oil and natural gas company’s stock valued at $544,000 after purchasing an additional 770 shares during the period. Signaturefd LLC grew its holdings in Enerplus by 6.0% during the 4th quarter. Signaturefd LLC now owns 29,243 shares of the oil and natural gas company’s stock valued at $449,000 after buying an additional 1,665 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Enerplus by 4.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,152 shares of the oil and natural gas company’s stock valued at $570,000 after buying an additional 1,695 shares in the last quarter. Headlands Technologies LLC purchased a new position in Enerplus during the 4th quarter valued at approximately $29,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in Enerplus by 2.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 101,608 shares of the oil and natural gas company’s stock valued at $1,789,000 after buying an additional 1,986 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on Enerplus in a report on Saturday. They issued a “hold” rating for the company. Royal Bank of Canada cut Enerplus from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $21.00 to $22.00 in a report on Monday, April 29th. Finally, TD Securities lifted their target price on Enerplus from $19.07 to $20.09 and gave the company a “sell” rating in a research 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.87.

View Our Latest Research Report on ERF

Enerplus Stock Performance

Shares of NYSE:ERF remained flat at $20.09 during midday trading on Friday. Enerplus Co. has a 52 week low of $13.46 and a 52 week high of $20.97. 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 stock has a market cap of $4.10 billion, a P/E ratio of 11.16 and a beta of 1.97. The business has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $17.30.

Enerplus (NYSE:ERFGet Free Report) (TSE:ERF) last released its quarterly earnings results on Wednesday, May 8th. The oil and natural gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $362.04 million during the quarter. Enerplus had a return on equity of 33.88% and a net margin of 24.09%. Analysts anticipate that Enerplus Co. will post 1.9 EPS for the current year.

Enerplus Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Thursday, May 30th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 30th. Enerplus’s dividend payout ratio is currently 14.44%.

Enerplus Company 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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