Enerplus Corporation (ERF): Here Are Some Research Recommendations

Enerplus Corporation (NYSE:ERF) trading with an addition of $0.02 to $8.47 on Thursday, an upside of 0.24 percent. An average of 2,259,327 shares of common stock have been traded in the last five days. There was a gain of $0.41 in the past week. The last 20 days have seen an average of 2,094,767 shares traded, while the 50-day average volume stands at 1,797,647.

ERF stock has increased by 39.90% in the last month. The company shares reached their 1-month lowest point of $5.76 on 09/09/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $1.70 and a high of $8.71 in 52 weeks. In spite of this, the price is down -2.76% from the 52-week high.

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Valuation Metrics

Enerplus Corporation (ERF) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.87 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Enerplus Corporation’s PE ratio has ranged between 31.38 and 2.541. The stock’s beta is 2.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.53, the price-to-book (PB) ratio at 4.64, and the price-to-cash flow ratio at 7.55.

Enerplus Corporation pays a $0.12 dividend per share annually. It offers a dividend yield of 1.42%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.0304 a share, representing a up of 10.86 from $0.0271 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.0033 reported on Monday August 9 2021. Dividends have grown by -4.01% each year over the last three years.

Enerplus Corporation will next go ex-dividend on 1-Nov. The next dividend payment Enerplus Corporation will make is expected to be $0.038.

The quick ratio of Enerplus Corporation for the three months ended December 30 was 0.50, and the current ratio was 0.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.87 and a total debt to equity ratio of 2.04 for the quarter ending December 30. On the profitability front, the trailing 12-month gross margin is 61.70% against a 5-year average of 16.9%. Enerplus Corporation’s EBITDA margin for the year ending December 30 is 31.70%, while its operating margin for the same period stands at -27.10%. Its gross profit as reported stood at -$705.71 million compared to revenue of $631.56 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Enerplus Corporation’s return on assets was -17.80%, compared to -3.5% over the last five years. In the past year, the return on investment has been -97.70%, and the 5-year average is -3.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been -56.70% and the 5-year average holds at -7.4%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Enerplus Corporation’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.2, a 81.80% surprise. For the quarter, EBITDA amounted to $36.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Enerplus Corporation (ERF) price momentum. RSI 9-day as of the close on 06 October was 82.99%, suggesting the stock is Overbought, with historical volatility in this time frame at 48.06%.

As of today, ERF’s price is $8.34 +5.12% or $0.41 from its 5-day moving average. ERF is currently trading +42.54% higher than its 20-day SMA and +31.20% higher than its 100-day SMA. However, the stock’s current price level is +36.30% above the SMA50 and +173.05% above the SMA200.

The stochastic %K and %D were 90.32% and 91.29%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 89.38% and the average true range at 0.35, the RSI (14) stands at 77.79%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.84.

Analyst Ratings

Scotiabank upgraded Enerplus Corporation (NYSE: ERF) to a a Sector outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for Enerplus Corporation (ERF) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ERF, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is ERF’s price target for the next 12 months?

Analysts predict a range of price targets between $7.89 and $21.00, with a median target of $9.89. Taking a look at these predictions, the average price target given by analysts for Enerplus Corporation (ERF) stock is $10.64.


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