Enerplus Corp (USA) (ERF) : Vollero Beach Capital Partners added new position in Enerplus Corp (USA) during the most recent quarter end. The investment management firm now holds 1,826,018 shares of Enerplus Corp (USA) which is valued at $12,581,264 , the company said in a statement filed on Aug 15, 2016 with the SEC.Enerplus Corp (USA) makes up approximately 2.78% of Vollero Beach Capital Partners’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in ERF by selling 40,481 shares or 65.55% in the most recent quarter. The Hedge Fund company now holds 21,273 shares of ERF which is valued at $146,571. Enerplus Corp (USA) makes up approx 0.01% of Cubist Systematic Strategies’s portfolio.I.g. Investment Management Ltd. boosted its stake in ERF in the latest quarter, The investment management firm added 422,000 additional shares and now holds a total of 547,000 shares of Enerplus Corp (USA) which is valued at $3,550,030. Enerplus Corp (USA) makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio. Dekabank Deutsche Girozentrale added ERF to its portfolio by purchasing 6,200 company shares during the most recent quarter which is valued at $40,238. Clarivest Asset Management added ERF to its portfolio by purchasing 111,900 company shares during the most recent quarter which is valued at $668,043. Enerplus Corp (USA) makes up approx 0.02% of Clarivest Asset Management’s portfolio.
Enerplus Corp (USA) closed down -0.04 points or -0.57% at $6.92 with 7,43,744 shares getting traded on Thursday. Post opening the session at $6.91, the shares hit an intraday low of $6.69 and an intraday high of $6.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Enerplus Corp (USA) reported $-0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.68 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $-0.09.Analysts expectations of $ 206.41.During the same quarter in the previous year, the company posted $-1.52 EPS.
Many Wall Street Analysts have commented on Enerplus Corp (USA). Enerplus Corp (USA) was Upgraded by Macquarie to ” Outperform” on Jun 6, 2016. Enerplus Corp (USA) was Resumed by Raymond James to “Outperform” on Jun 6, 2016.
Enerplus Corporation is a Canada-based energy producer. The Companys capital program is focused on the development of its crude oil and natural gas core areas of operation which includes its North Dakota and Montana crude oil assets in the Williston Basin and its natural gas interests in northeast Pennsylvania. The Companys oil and natural gas property interests are located in western Canada in the provinces of Alberta British Columbia and Saskatchewan and in the United States primarily in the states of Montana North Dakota Pennsylvania and West Virginia. The Companys properties consist of approximately 42% crude oil and natural gas liquids (NGLs) and 58% natural gas properties. The Company drilled around 14 wells at Brooks; seven injection wells and seven production wells at Medicine Hat and 27.2 net horizontal wells in the Fort Berthold region. It has around 71 net producing wells in the Marcellus. Enerplus USA is a subsidiary of the Company.