Enerplus Corporation (ERF): What is the Risk Factor?

Enerplus Corporation (NYSE:ERF) saw an upside of 1.12% to close Monday at $9.05 after adding $0.1 on the day. The 5-day average trading volume is 2,069,160 shares of the company’s common stock. It has gained $9.21 in the past week. An average of 2,176,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,847,892.

ERF’s 1-month performance is 54.17% or $3.18 on its low of $5.89 reached on 09/20/21. The company’s shares have touched a 52-week low of $1.70 and high of $9.14, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, ERF has achieved 189.14% or $5.92. However, the current price is down -0.98%% from the 52-week high price.

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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 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 31.38 and a low of 2.541. ERF stock has a beta of 2.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.64 while the price-to-book (PB) in the most recent quarter is 4.92, with the price to cash flow ratio at 7.87.

Enerplus Corporation pays an annual dividend of $0.12 per share. Its dividend yield is 1.33%. ERF’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.0304 a share compared with prior rate of $0.0271, up 10.86% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0033 reported on Monday August 9 2021. Measured over the last 3 years, the Dividend has been growing by -4.01% yearly.

It is projected that Enerplus Corporation’s next ex-dividend date will be on 1-Nov. ERF is expected to distribute $0.038 as its next dividend.

Enerplus Corporation’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50 meaning that ERF stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.87, while the total debt to equity was 2.04. In terms of profitability, the gross margin trailing 12 months is 61.70%. The trailing 12-month EBITDA margin is 31.70% while for the period ending June 29; Enerplus Corporation’s operating margin was -27.10%. The firm’s gross profit as reported stood at -$705.71 million against revenue of $631.56 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ERF to announce $0.27 per share in earnings in its latest quarter, but it posted -$0.18, representing a -166.70% surprise. EBITDA for the quarter stood at more than $36.43 million. ERF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.69 billion, with total debt at $1.25 billion

Technical Picture

Let’s look briefly at Enerplus Corporation (ERF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 90.02% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.51%.

The stock’s 5-day moving average is $8.74, reflecting a +8.00% or $0.67 change from its current price. ERF is currently trading +44.11% above its 20-day SMA, +46.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +45.26% and +188.22% respectively.

Stochastic %K and %D was 95.33% and 94.22% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 83.53%, while the 14-day stochastic is at 94.22% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 0.91 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Enerplus Corporation (NYSE: ERF), Scotiabank upgraded it to a Sector outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for ERF stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ERF as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $7.89 and a high of $21.00, with their median price target at $9.89. Looking at these predictions, the average price target given by analysts is for Enerplus Corporation (ERF) stock is $10.65.


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