The stock of Enerplus Corporation (ERF) has gone down by -17.98% for the week, with a -24.40% drop in the past month and a -20.06% drop in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are 3.62% for ERF. The simple moving average for the last 20 days is -17.46% for ERF stock, with a simple moving average of -16.38% for the last 200 days.
Is It Worth Investing in Enerplus Corporation (NYSE: ERF) Right Now?
The price-to-earnings ratio for Enerplus Corporation (NYSE: ERF) is above average at 3.47x, while the 36-month beta value is 2.20.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Enerplus Corporation (ERF) is $20.43, which is $5.33 above the current market price. The public float for ERF is 219.48M, and currently, short sellers hold a 1.48% ratio of that floaft. The average trading volume of ERF on March 16, 2023 was 1.07M shares.
ERF) stock’s latest price update
Enerplus Corporation (NYSE: ERF)’s stock price has decreased by -8.76 compared to its previous closing price of 14.50. but the company has seen a -17.98% decline in its stock price over the last five trading sessions.
The stock of Enerplus Corporation (ERF) has gone down by -17.98% for the week, with a -24.40% drop in the past month and a -20.06% drop in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are 3.62% for ERF. The simple moving average for the last 20 days is -17.46% for ERF stock, with a simple moving average of -16.38% for the last 200 days.
ERF Trading at -20.79% from the 50-Day Moving Average
After a stumble in the market that brought ERF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.20% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares sank -25.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.04% lower at present.
During the last 5 trading sessions, ERF fell by -17.98%, which changed the moving average for the period of 200-days by -9.32% in comparison to the 20-day moving average, which settled at $15.80. In addition, Enerplus Corporation saw -25.04% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ERF
Current profitability levels for the company are sitting at:
- +54.59 for the present operating margin
- +57.65 for the gross margin
The net margin for Enerplus Corporation stands at +38.85. Equity return is now at value 110.00, with 44.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In a nutshell, Enerplus Corporation (ERF) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
