The Enerplus Corporation (ERF) Shares Sold by Morgan Stanley

The Enerplus Corporation (ERF) Shares Sold by Morgan Stanley

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank boosted its position in shares of Enerplus Corporation by 1.3% in the first quarter. Comerica Bank now owns 13,775 shares of the oil and natural gas company’s stock worth $101,000 after buying an additional 180 shares in the last quarter. World Asset Management Inc boosted its position in Enerplus Corporation by 3.9% in the first quarter. World Asset Management Inc now owns 14,959 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 568 shares during the period. Shell Asset Management Co. boosted its position in Enerplus Corporation by 11.5% in the first quarter. Shell Asset Management Co. now owns 23,200 shares of the oil and natural gas company’s stock valued at $248,000 after buying an additional 2,400 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Enerplus Corporation by 10.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 41,665 shares of the oil and natural gas company’s stock valued at $335,000 after buying an additional 4,045 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Enerplus Corporation during the first quarter valued at approximately $148,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Morgan Stanley reduced its position in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 1.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,074,255 shares of the oil and natural gas company’s stock after selling 20,419 shares during the period. Morgan Stanley owned 0.86% of Enerplus Corporation worth $16,698,000 as of its most recent SEC filing.

Shares of Enerplus Corporation (NYSE ERF) traded up 0.79% during trading on Wednesday, hitting $8.95. The stock had a trading volume of 1,054,179 shares. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 4.20 and a beta of 1.40. Enerplus Corporation has a one year low of $5.61 and a one year high of $10.33. The stock’s 50-day moving average price is $8.34 and its 200 day moving average price is $8.31.

Enerplus Corporation (NYSE:ERF) (TSE:ERF) last issued its quarterly earnings data on Friday, May 5th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.21. The business had revenue of $172.11 million for the quarter, compared to the consensus estimate of $233.23 million. Enerplus Corporation had a net margin of 78.95% and a return on equity of 0.14%. During the same period in the previous year, the firm earned ($0.84) EPS. On average, equities analysts forecast that Enerplus Corporation will post $0.68 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.0079 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, July 27th. Enerplus Corporation’s dividend payout ratio is presently 4.79%.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Enerplus Corporation from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Tuesday, June 6th. ValuEngine upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Capital One Financial Corporation assumed coverage on Enerplus Corporation in a research note on Tuesday, July 11th. They issued an “overweight” rating and a $13.00 price target on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $16.00 price objective on shares of Enerplus Corporation in a report on Monday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.40.

Enerplus Corporation 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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