Commonwealth Equity Services Inc Trims Position in Enerplus Corporation (ERF)

Commonwealth Equity Services Inc lowered its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 47.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,371 shares of the oil and natural gas company’s stock after selling 10,113 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Enerplus were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Enerplus by 2.1% during the second quarter. Royal Bank of Canada now owns 10,110,081 shares of the oil and natural gas company’s stock valued at $82,094,000 after buying an additional 203,904 shares during the period. Guardian Capital LP bought a new position in Enerplus during the second quarter valued at about $41,357,000. Vanguard Group Inc. grew its position in Enerplus by 6.6% during the second quarter. Vanguard Group Inc. now owns 4,950,453 shares of the oil and natural gas company’s stock valued at $40,198,000 after buying an additional 307,273 shares during the period. UBS Asset Management Americas Inc. grew its position in Enerplus by 22.1% during the second quarter. UBS Asset Management Americas Inc. now owns 3,279,072 shares of the oil and natural gas company’s stock valued at $26,562,000 after buying an additional 592,669 shares during the period. Finally, Denver Investment Advisors LLC grew its position in Enerplus by 114.7% during the second quarter. Denver Investment Advisors LLC now owns 2,936,157 shares of the oil and natural gas company’s stock valued at $23,842,000 after buying an additional 1,568,465 shares during the period. Institutional investors own 49.73% of the company’s stock.

Several research firms recently weighed in on ERF. Zacks Investment Research lowered shares of Enerplus from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 price objective on shares of Enerplus in a report on Thursday, November 9th. CIBC assumed coverage on shares of Enerplus in a report on Wednesday, October 18th. They set a “sector outperform” rating on the stock. Scotiabank reaffirmed a “buy” rating and set a $16.00 price objective on shares of Enerplus in a report on Tuesday, October 10th. Finally, ValuEngine raised shares of Enerplus from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Enerplus currently has a consensus rating of “Buy” and an average target price of $14.20.

Enerplus Corporation (ERF) traded up $0.10 during midday trading on Wednesday, reaching $9.27. 552,700 shares of the company’s stock traded hands, compared to its average volume of 1,046,731. The stock has a market capitalization of $2,220.32, a P/E ratio of 14.11 and a beta of 1.33. 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.0079 per share. This represents a $0.09 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 29th. Enerplus’s dividend payout ratio (DPR) is presently 2.77%.

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Enerplus 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 (NYSE:ERF)

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