The stock of Enerplus Corporation (NYSE:ERF) increased by $0.16 on Friday to finish at $16.76, up 0.96 percent. The last five days have seen an average of 1,163,320 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.89. The average number of shares traded over the last 20 days was 1,201,105, while the average volume over the last 50 days totaled 1,226,240.
ERF stock appreciated 4.16% since last month. On 07/28/23, the company’s shares reached a one-month low of $15.98. The stock touched a high of $19.23 on 01/27/23, after rallying from a low of $12.39 in 52 weeks. The price of ERF stock has declined by -5.04% or -$0.89 this year, reaching a new high 5 times. Still, the stock price is down -12.84% from the 52-week high.
Valuation Metrics
Enerplus Corporation (ERF) has a trailing price-to-earnings (P/E) ratio of 4.60. Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 3.12, and the price-to-cash flow ratio of 5.61.
Company paid $0.06 per share in dividends, a decrease of -45.45% from $0.11 last year.
Financial Health
For the three months ended June 29, Enerplus Corporation’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.14, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 73.00% percent. Enerplus Corporation’s EBITDA margin for the year ended June 29 was 67.73%, whereas its operating margin stood at 45.10% for the same period. Based on annual data, it had gross profit of $1.09 billion and revenue of $2.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ERF’s return on assets (ROA) during the last 12 months has been 42.70%. There was a 74.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 79.10%.
Earnings Surprise
According to Enerplus Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Enerplus Corporation’s quarterly earnings would be $0.34, but it ended up being $0.46, beating the consensus by -26.10%. EBITDA was $190.91 million for the quarter. At the end of Enerplus Corporation’s most recent quarter ended June 29, its liabilities totaled 875.51 million, while its total debt was $264.31 million.
Technical Picture
Here’s a quick look at Enerplus Corporation’s (ERF) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 55.45%, suggesting the stock is Neutral, with a 15.87% historical volatility rate.
The stochastic %K and %D were 42.51% and 45.52% respectively, while the average true range (ATR) was 0.41. Based on the 14-day stochastic reading of 48.62%, the RSI (14) reading is 57.63%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.04.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on Enerplus Corporation (NYSE: ERF) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight. Analysts have assigned Enerplus Corporation (ERF) an Overweight rating. ERF is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 9 others recommend it as a buy.
What is ERF’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.16 and $23.00, with a median target price of $21.50. In analyzing these forecasts, the average price target given by analysts for Enerplus Corporation (ERF) is $20.77.
