Hexavest Inc. lifted its position in Enerplus Corp (NYSE:ERF) (TSE:ERF) by 170.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 579,693 shares of the oil and natural gas company’s stock after purchasing an additional 365,002 shares during the quarter. Hexavest Inc.’s holdings in Enerplus were worth $5,695,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Enerplus by 19.6% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 134,348 shares of the oil and natural gas company’s stock valued at $1,315,000 after purchasing an additional 22,036 shares during the period. Point72 Asset Management L.P. raised its stake in Enerplus by 101.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,901,390 shares of the oil and natural gas company’s stock valued at $18,775,000 after acquiring an additional 956,390 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Enerplus during the 3rd quarter valued at approximately $2,320,000. Allianz Asset Management GmbH raised its stake in Enerplus by 339.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 545,168 shares of the oil and natural gas company’s stock valued at $5,366,000 after acquiring an additional 421,171 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Enerplus by 38.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 985,852 shares of the oil and natural gas company’s stock valued at $9,730,000 after acquiring an additional 274,165 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Enerplus Corp (NYSE ERF) opened at $10.88 on Friday. 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 company has a market capitalization of $2,634.36, a P/E ratio of 3.35 and a beta of 1.33. Enerplus Corp has a one year low of $6.52 and a one year high of $10.96.
Several research firms have commented on ERF. ValuEngine raised Enerplus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. CIBC began coverage on Enerplus in a research note on Wednesday, October 18th. They set a “sector outperform” rating for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 price objective on shares of Enerplus in a research note on Thursday, November 9th. Zacks Investment Research downgraded Enerplus from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, Scotiabank reaffirmed a “buy” rating and set a $16.00 price objective on shares of Enerplus in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Enerplus has an average rating of “Buy” and an average price target of $14.20.
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Enerplus 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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