335,108 Shares in Enerplus Corporation (ERF) Purchased by Macquarie Group Ltd.

Macquarie Group Ltd. purchased a new position in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 335,108 shares of the oil and natural gas company’s stock, valued at approximately $3,299,000. Macquarie Group Ltd. owned approximately 0.14% of Enerplus at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ERF. ETRADE Capital Management LLC boosted its stake in shares of Enerplus 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 worth $122,000 after acquiring an additional 822 shares in the last quarter. Creative Planning boosted its stake in shares of Enerplus by 40.5% during the 2nd quarter. Creative Planning now owns 17,605 shares of the oil and natural gas company’s stock worth $143,000 after acquiring an additional 5,074 shares in the last quarter. Pacad Investment Ltd. boosted its stake in shares of Enerplus by 69.0% during the 2nd quarter. Pacad Investment Ltd. now owns 20,108 shares of the oil and natural gas company’s stock worth $163,000 after acquiring an additional 8,208 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Enerplus 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 worth $178,000 after acquiring an additional 2,890 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Enerplus 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 worth $189,000 after acquiring an additional 3,268 shares in the last quarter. 49.73% of the stock is currently owned by institutional investors and hedge funds.

Enerplus Corporation (ERF) opened at $9.39 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.04. Enerplus Corporation has a 12-month low of $6.52 and a 12-month high of $10.33. The stock has a market capitalization of $2,270.00, a P/E ratio of 14.45 and a beta of 1.36.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.0079 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.09 annualized dividend and a dividend yield of 1.00%. Enerplus’s dividend payout ratio is currently 2.76%.

ERF has been the topic of several research analyst reports. Scotiabank reissued a “buy” rating and set a $16.00 price target on shares of Enerplus in a research note on Tuesday, October 10th. ValuEngine upgraded Enerplus from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Enerplus from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, November 13th. Canaccord Genuity restated a “buy” rating and set a $16.00 price objective on shares of Enerplus in a research report on Thursday, November 9th. Finally, CIBC started coverage on Enerplus in a research report on Wednesday, October 18th. They set a “sector outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Enerplus currently has an average rating of “Buy” and an average target price of $14.20.

TRADEMARK VIOLATION NOTICE: “335,108 Shares in Enerplus Corporation (ERF) Purchased by Macquarie Group Ltd.” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.com-unik.info/2017/12/04/335108-shares-in-enerplus-corporation-erf-purchased-by-macquarie-group-ltd.html.

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).

Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

What are top analysts saying about Enerplus Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enerplus Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit