Enerplus Corp (NYSE:ERF) Holdings Lowered by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. trimmed its stake in shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,813 shares of the oil and natural gas company’s stock after selling 8,137 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Enerplus were worth $84,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enerplus by 13.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,497 shares of the oil and natural gas company’s stock valued at $145,000 after purchasing an additional 2,260 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Enerplus by 6.5% during the second quarter. Parametric Portfolio Associates LLC now owns 85,411 shares of the oil and natural gas company’s stock valued at $643,000 after purchasing an additional 5,244 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Enerplus by 10.6% during the second quarter. Invesco Ltd. now owns 64,552 shares of the oil and natural gas company’s stock valued at $486,000 after purchasing an additional 6,196 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Enerplus by 27.8% during the third quarter. Fulton Bank N.A. now owns 39,467 shares of the oil and natural gas company’s stock valued at $294,000 after purchasing an additional 8,579 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Enerplus by 194.3% during the second quarter. Tower Research Capital LLC TRC now owns 20,371 shares of the oil and natural gas company’s stock valued at $153,000 after purchasing an additional 13,448 shares during the last quarter. 57.78% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on ERF shares. ValuEngine raised Enerplus from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Zacks Investment Research raised Enerplus from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Friday, January 10th. Finally, Capital One Financial raised Enerplus from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Friday, September 27th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.04.

Shares of Enerplus stock opened at $6.56 on Thursday. The stock has a 50-day moving average price of $6.75 and a 200 day moving average price of $6.74. The company has a market cap of $1.49 billion, a P/E ratio of 6.02 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.28. Enerplus Corp has a 1 year low of $5.50 and a 1 year high of $9.73.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Friday, November 8th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $256.81 million during the quarter, compared to analysts’ expectations of $251.00 million. Enerplus had a return on equity of 16.47% and a net margin of 32.90%. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities analysts forecast that Enerplus Corp will post 0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.008 dividend. This represents a $0.10 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Monday, December 30th. Enerplus’s dividend payout ratio is currently 8.26%.

Enerplus Company Profile

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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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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