Enerplus Corporation (NYSE: ERF)’s stock price has plunge by -0.20relation to previous closing price of 19.66. Nevertheless, the company has seen a 4.81% surge in its stock price over the last five trading sessions. Reuters reported 2024-02-21 that U.S. energy firm Chord Energy said on Wednesday that it would acquire Canada’s Enerplus, creating a combined entity with an enterprise value of $11 billion.
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 9.36x. The 36-month beta value for ERF is also noteworthy at 1.98. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ERF is 192.78M, and at present, short sellers hold a 1.49% of that float. The average trading volume of ERF on April 02, 2024 was 3.16M shares.
ERF’s Market Performance
The stock of Enerplus Corporation (ERF) has seen a 4.81% increase in the past week, with a 10.66% rise in the past month, and a 28.15% gain in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.70% for ERF. The simple moving average for the past 20 days is 6.49% for ERF’s stock, with a 20.99% simple moving average for the past 200 days.
ERF Trading at 18.04% 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 -0.81% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +10.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.87% upper at present.
During the last 5 trading sessions, ERF rose by +4.81%, which changed the moving average for the period of 200-days by +35.68% in comparison to the 20-day moving average, which settled at $18.52. In addition, Enerplus Corporation saw 27.90% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ERF
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.38 for the gross margin
The net margin for Enerplus Corporation stands at 0.27. The total capital return value is set at 0.37. Equity return is now at value 39.59, with 22.77 for asset returns.
Based on Enerplus Corporation (ERF), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 4.42. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 33.25.
Currently, EBITDA for the company is 962.58 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 6.31for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In summary, Enerplus Corporation (ERF) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
