Swiss National Bank Decreases Stock Position in Enerplus Co. (NYSE:ERF)

Swiss National Bank trimmed its position in Enerplus Co. (NYSE:ERF) (TSE:ERF) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 566,755 shares of the oil and natural gas company’s stock after selling 6,000 shares during the quarter. Swiss National Bank owned about 0.22% of Enerplus worth $4,081,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Enerplus by 442.6% in the second quarter. American Century Companies Inc. now owns 292,689 shares of the oil and natural gas company’s stock worth $2,104,000 after purchasing an additional 238,746 shares during the last quarter. Veriti Management LLC purchased a new position in shares of Enerplus in the second quarter worth about $95,000. Schroder Investment Management Group purchased a new position in shares of Enerplus in the first quarter worth about $11,737,000. Virtu Financial LLC purchased a new position in shares of Enerplus in the first quarter worth about $82,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Enerplus in the first quarter worth about $545,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Shares of Enerplus stock opened at $6.05 on Tuesday. Enerplus Co. has a one year low of $1.70 and a one year high of $7.54. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -4.92 and a beta of 3.24. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50 day moving average price is $5.94 and its 200 day moving average price is $6.01.

Enerplus (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Thursday, August 5th. The oil and natural gas company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.07). Enerplus had a positive return on equity of 26.29% and a negative net margin of 32.54%. The company had revenue of $332.65 million for the quarter. On average, analysts predict that Enerplus Co. will post 1.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were given a $0.0304 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $0.12 dividend on an annualized basis and a yield of 2.01%. This is an increase from Enerplus’s previous quarterly dividend of $0.03. Enerplus’s payout ratio is currently 171.43%.

Several analysts recently commented on ERF shares. Scotiabank raised Enerplus from a “sector perform” rating to a “sector outperform” rating and set a $10.00 target price on the stock in a report on Thursday, August 26th. Desjardins raised their target price on Enerplus from C$10.00 to C$11.50 and gave the stock a “buy” rating in a report on Tuesday, August 10th. Zacks Investment Research lowered Enerplus from a “hold” rating to a “sell” rating in a report on Tuesday, September 14th. Raymond James raised their target price on Enerplus from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Tuesday, August 31st. Finally, CIBC raised their target price on Enerplus from C$10.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, July 14th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.33.

Enerplus Company Profile

Enerplus Corp. engages in the exploration and production of crude oil and natural gas. It conducts operations in Willston Basin, Marcellus Shale, and Canadian Waterfloods. The company was founded in 1986 and is headquartered in Calgary, Canada.

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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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