BMO Capital Markets Reaffirms "Outperform" Rating for Enerplus (ERF)

Cornelia Mascio
Dicembre 18, 2017

Enerplus Corporation (NYSE:ERF) (TSE:ERF) saw some unusual options trading on Thursday. 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.

Key Group Holdings Cayman Ltd decreased its stake in Enerplus Corp (ERF) by 27.47% based on its latest 2017Q2 regulatory filing with the SEC. 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. ValuEngine raised Enerplus from a "hold" rating to a "buy" rating in a research note on Monday, October 2nd. Scotiabank reissued a "buy" rating and issued a $16.00 price target on shares of Enerplus in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a buy rating, Enerplus presently has a consensus rating of Buy and an average target price of C$15.78. They issued a sector outperform rating on the stock. BMO Capital Markets now has a C$16.00 price target on the oil and natural gas company's stock.

Shares of Enerplus (ERF) traded down $0.23 on Friday, hitting $8.25. 1,460,000 shares of the company were exchanged, compared to its average volume of 752,881. The firm has a market cap of $1,997.56, a PE ratio of 12.69 and a beta of 1.33. Enerplus has a one year low of $6.52 and a one year high of $10.20. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41.

More notable recent Enerplus Corporation (NYSE:ERF) news were published by: Fool.ca which released: "Should You Buy Enerplus Corp After it Cut Its Dividend?" on February 24, 2015, also Fool.ca with their article: "3 Reasons to Avoid Enerplus Corp and its 10.4% Dividend" published on December 17, 2014, Fool.ca published: "Should Enerplus Corp". Investors of record on Thursday, November 30th were given a $0.0079 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.09 annualized dividend and a dividend yield of 1.14%. Enerplus's payout ratio is 2.80%.

A number of large investors have recently bought and sold shares of the business. 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 purchasing an additional 956,390 shares in the last quarter. Guardian Capital LP acquired a new position in Enerplus during the second quarter worth $41,357,000. Allianz Asset Management GmbH boosted its holdings in Enerplus by 339.7% in 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 purchasing an additional 421,171 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Enerplus by 38.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 3,279,072 shares of the oil and natural gas company's stock valued at $26,562,000 after acquiring an additional 592,669 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Enerplus by 1,293.4% in the second quarter. Hillsdale Investment Management Inc. now owns 1,141,400 shares of the oil and natural gas company's stock valued at $11,268,000 after purchasing an additional 201,500 shares during the last quarter.

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