Enerplus Corporation (NYSE: ERF) has a price-to-earnings ratio that is above its average at 9.61x. The stock has a 36-month beta value of 1.94. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ERF is 192.78M, and at present, short sellers hold a 1.06% of that float. On April 23, 2024, the average trading volume of ERF was 3.42M shares.
ERF) stock’s latest price update
The stock of Enerplus Corporation (NYSE: ERF) has increased by 1.10 when compared to last closing price of 19.93. Despite this, the company has experienced a -1.56% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Does Enerplus (ERF) have what it takes to be a top stock pick for momentum investors? Let’s find out.
ERF’s Market Performance
ERF’s stock has fallen by -1.56% in the past week, with a monthly rise of 6.44% and a quarterly rise of 44.55%. The volatility ratio for the week is 2.31% while the volatility levels for the last 30 days are 1.86% for Enerplus Corporation The simple moving average for the past 20 days is 0.96% for ERF’s stock, with a 20.94% simple moving average for the past 200 days.
ERF Trading at 9.34% 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 -3.89% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.00% upper at present.
During the last 5 trading sessions, ERF fell by -1.56%, which changed the moving average for the period of 200-days by +43.72% in comparison to the 20-day moving average, which settled at $20.03. In addition, Enerplus Corporation saw 31.36% 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 2.5. 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
To sum up, Enerplus Corporation (ERF) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
