Bank of Montreal Can decreased its stake in Enerplus Corp (NYSE:ERF) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,589 shares of the oil and gas producer’s stock after selling 155,567 shares during the period. Bank of Montreal Can owned about 0.23% of Enerplus worth $3,515,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Enerplus by 10.0% during the 4th quarter. Alps Advisors Inc. now owns 36,432 shares of the oil and gas producer’s stock valued at $670,000 after acquiring an additional 3,234 shares during the period. TD Asset Management Inc. raised its position in shares of Enerplus by 6.0% during the 4th quarter. TD Asset Management Inc. now owns 158,179 shares of the oil and gas producer’s stock valued at $2,979,000 after acquiring an additional 8,103 shares during the period. Summit Trail Advisors LLC raised its position in shares of Enerplus by 17.2% during the 4th quarter. Summit Trail Advisors LLC now owns 94,049 shares of the oil and gas producer’s stock valued at $2,023,000 after acquiring an additional 13,453 shares during the period. Vanguard Group Inc. raised its position in shares of Enerplus by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,925,596 shares of the oil and gas producer’s stock valued at $47,395,000 after acquiring an additional 40,289 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Enerplus by 64.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 55,800 shares of the oil and gas producer’s stock valued at $915,000 after acquiring an additional 20,800 shares during the period. 53.49% of the stock is currently owned by institutional investors.
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Several research firms have recently weighed in on ERF. Zacks Investment Research cut Enerplus from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Goldman Sachs Group lowered Enerplus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $9.50 to $8.00 in a research note on Monday, January 21st. Finally, Raymond James reissued a “market perform” rating on shares of Enerplus in a research note on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.09.
Shares of Enerplus Corp ( NYSE:ERF ) opened at $8.81 on Monday. The firm has a market capitalization of $872.41, a P/E ratio of -9.68 and a beta of 2.04. Enerplus Corp has a 52 week low of $6.85 and a 52 week high of $12.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 1.09.
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Enerplus Corporation, an independent energy producer, acquires, explores for, develops, and produces crude oil, natural gas liquids (NGLs), and natural gas in the United States and Canada. It explores for oil and natural gas primarily in the United States; and in Canada, principally the province of Alberta, the Prairie provinces of Saskatchewan, Manitoba, and British Columbia, and the North Sea.
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