Shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.10.
ERF has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating on shares of Enerplus in a report on Friday. GMP Securities reiterated an “average” rating and issued a $16.00 target price on shares of Enerplus in a research note on Friday, June 28th. Raymond James reiterated an “average” rating and issued a $21.50 target price on shares of Enerplus in a research note on Monday, May 13th. CIBC set a $15.00 target price on shares of Enerplus and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of Enerplus from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.
NYSE ERF opened at $6.38 on Friday. Enerplus has a 52-week low of $5.50 and a 52-week high of $13.22. The stock’s 50-day moving average is $6.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $1.48 billion, a P/E ratio of 5.85 and a beta of 1.64.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.008 dividend. This is an increase from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.10 annualized dividend and a dividend yield of 1.50%. Enerplus’s dividend payout ratio (DPR) is presently 8.26%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Enerplus by 4.4% in the fourth quarter. BlackRock Inc. now owns 128,108 shares of the oil and natural gas company’s stock valued at $994,000 after purchasing an additional 5,381 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enerplus by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,834 shares of the oil and natural gas company’s stock valued at $12,058,000 after purchasing an additional 63,378 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Enerplus by 268.5% in the fourth quarter. Millennium Management LLC now owns 832,160 shares of the oil and natural gas company’s stock valued at $6,458,000 after purchasing an additional 606,316 shares in the last quarter. Norges Bank acquired a new stake in shares of Enerplus in the fourth quarter valued at approximately $26,268,000. Finally, Deutsche Bank AG increased its holdings in shares of Enerplus by 274.4% in the fourth quarter. Deutsche Bank AG now owns 738,658 shares of the oil and natural gas company’s stock valued at $5,731,000 after purchasing an additional 541,353 shares in the last quarter. Hedge funds and other institutional investors own 60.70% of the company’s stock.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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