Enerplus Corporation (NYSE:ERF) finished Wednesday with an addition of $0.42 to close at $17.65, an upside of 2.44 percent. An average of 1,266,980 shares of common stock have been traded in the last five days. There was a gain of $0.79 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,196,725 shares traded, while the 50-day average volume stands at 1,181,122.
ERF stock has increased by 5.00% in the last month. The company shares reached their 1-month lowest point of $16.52 on 09/21/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $12.43 and a high of $19.23 in 52 weeks. In spite of this, the price is down -8.22% from the 52-week high.
Valuation Metrics
Enerplus Corporation (ERF) has a trailing price-to-earnings (P/E) ratio of 4.70. The stock’s beta is 2.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.88, the price-to-book (PB) ratio at 3.24, and the price-to-cash flow ratio at 6.26.
The company has a payout ratio of 4.81%. The company’s most recent quarterly dividend payment was $0.06 a share, representing a down of -45.45% from $0.11 last year. Its latest decrease dividend $0.05 reported on Wednesday August 9 2023.
Financial Health
The quick ratio of Enerplus Corporation for the recent quarter was 0.71, and the current ratio was 0.71, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.23 for the recent quarter. Enerplus Corporation’s EBITDA margin is 67.73%, while its operating margin for the same period stands at 44.30%. Its gross profit as reported stood at $1.09 billion compared to revenue of $2.16 billion.
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 27 September was 62.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.83%.
As of today, ERF’s price is $17.13 +4.69% or $0.79 from its 5-day moving average. ERF is currently trading +3.70% higher than its 20-day SMA and +26.70% higher than its 100-day SMA. However, the stock’s current price level is +12.78% above the SMA50 and +5.69% above the SMA200.
The stochastic %K and %D were 57.43% and 41.29%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 76.35% and the average true range at 0.43, the RSI (14) stands at 60.44%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Analyst Ratings
Barclays upgraded Enerplus Corporation (NYSE: ERF) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Enerplus Corporation (ERF) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ERF, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 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 $17.16 and $24.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for Enerplus Corporation (ERF) stock is $20.97.
