Cwm LLC Invests $27,000 in Enerplus Co. (NYSE:ERF)

Cwm LLC bought a new position in shares of Enerplus Co. (NYSE:ERFGet Rating) (TSE:ERF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,929 shares of the oil and natural gas company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new position in Enerplus during the third quarter worth about $85,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Enerplus by 3.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 28,395 shares of the oil and natural gas company’s stock valued at $402,000 after purchasing an additional 1,034 shares during the last quarter. Foundry Partners LLC boosted its holdings in Enerplus by 3.2% in the 3rd quarter. Foundry Partners LLC now owns 419,241 shares of the oil and natural gas company’s stock valued at $5,941,000 after purchasing an additional 12,808 shares during the last quarter. Bailard Inc. acquired a new position in Enerplus in the 3rd quarter valued at about $208,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Enerplus by 53.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,945 shares of the oil and natural gas company’s stock worth $353,000 after acquiring an additional 8,645 shares during the last quarter. Hedge funds and other institutional investors own 53.01% of the company’s stock.

Enerplus Trading Down 0.4 %

Shares of Enerplus stock opened at $17.70 on Friday. The company has a fifty day simple moving average of $17.41 and a 200-day simple moving average of $15.80. Enerplus Co. has a 12-month low of $10.21 and a 12-month high of $19.23. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 6.02 and a beta of 2.22.

Enerplus (NYSE:ERFGet Rating) (TSE:ERF) last issued its quarterly earnings results on Thursday, November 3rd. The oil and natural gas company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Enerplus had a return on equity of 88.11% and a net margin of 34.14%. The business had revenue of $720.53 million for the quarter. On average, equities analysts forecast that Enerplus Co. will post 3.12 EPS for the current fiscal year.

Enerplus Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a dividend of $0.055 per share. The ex-dividend date was Tuesday, November 29th. This is an increase from Enerplus’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.24%. Enerplus’s payout ratio is 7.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ERF shares. National Bankshares decreased their price objective on shares of Enerplus from $26.00 to $21.00 in a report on Friday, September 30th. Royal Bank of Canada upped their target price on shares of Enerplus from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. TD Securities upped their target price on shares of Enerplus from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 4th. StockNews.com assumed coverage on shares of Enerplus in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Enerplus from C$32.00 to C$33.00 in a research report on Monday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.75.

About Enerplus

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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, 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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