Enerplus Corporation (ERF) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA reduced its position in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,875 shares of the oil and natural gas company’s stock after selling 10,119 shares during the period. BNP Paribas Arbitrage SA’s holdings in Enerplus Corporation were worth $208,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Shell Asset Management Co. increased its position in shares of Enerplus Corporation by 11.5% in the first quarter. Shell Asset Management Co. now owns 23,200 shares of the oil and natural gas company’s stock worth $248,000 after buying an additional 2,400 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Enerplus Corporation during the first quarter worth approximately $158,000. Bank of Montreal Can increased its position in shares of Enerplus Corporation by 155.4% in the first quarter. Bank of Montreal Can now owns 2,300,030 shares of the oil and natural gas company’s stock worth $18,516,000 after buying an additional 1,399,475 shares during the period. Searle & CO. purchased a new position in shares of Enerplus Corporation during the fourth quarter worth approximately $214,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Enerplus Corporation by 12.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 372,751 shares of the oil and natural gas company’s stock worth $3,542,000 after buying an additional 40,643 shares during the period. 50.21% of the stock is owned by institutional investors.
Enerplus Corporation (NYSE ERF) opened at 8.06 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 4.04 and a beta of 1.32. The stock has a 50 day moving average of $7.88 and a 200-day moving average of $8.50. Enerplus Corporation has a 12 month low of $5.61 and a 12 month high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last announced its earnings results on Friday, May 5th. The oil and natural gas company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.21. The company had revenue of $172.11 million during the quarter, compared to the consensus estimate of $233.23 million. Enerplus Corporation had a net margin of 78.95% and a return on equity of 0.14%. During the same quarter in the prior year, the company posted ($0.84) earnings per share. Equities research analysts expect that Enerplus Corporation will post $0.56 EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 26th were issued a $0.007 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.08 annualized dividend and a dividend yield of 1.04%. Enerplus Corporation’s dividend payout ratio is currently 4.79%.
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A number of research analysts have recently commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a $16.00 price objective on shares of Enerplus Corporation in a research report on Friday, February 24th. Zacks Investment Research raised shares of Enerplus Corporation from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Finally, TheStreet raised shares of Enerplus Corporation from a “d” rating to a “c-” rating in a research report on Friday, March 17th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $13.50.
Enerplus Corporation Company 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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