Enerplus Corporation (NYSE: ERF) has seen a rise in its stock price by 0.35 in relation to its previous close of 19.79. However, the company has experienced a 1.43% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Enerplus (ERF) closed at $20.27 in the latest trading session, marking a +0.6% move from the prior day.
Is It Worth Investing in Enerplus Corporation (NYSE: ERF) Right Now?
Enerplus Corporation (NYSE: ERF) has a price-to-earnings ratio of 9.48x that is above its average ratio. Additionally, the 36-month beta value for ERF is 1.92. 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 193.72M and currently, short sellers hold a 1.14% ratio of that float. The average trading volume of ERF on May 08, 2024 was 3.53M shares.
ERF’s Market Performance
The stock of Enerplus Corporation (ERF) has seen a 1.43% increase in the past week, with a -2.31% drop in the past month, and a 40.75% gain in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 1.97% for ERF. The simple moving average for the last 20 days is -1.37% for ERF stock, with a simple moving average of 17.31% for the last 200 days.
Analysts’ Opinion of ERF
Many brokerage firms have already submitted their reports for ERF stocks, with RBC Capital Mkts repeating the rating for ERF by listing it as a “Sector Perform.” The predicted price for ERF in the upcoming period, according to RBC Capital Mkts is $22 based on the research report published on April 29, 2024 of the current year 2024.
ERF Trading at 3.19% 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 -5.27% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.49% upper at present.
During the last 5 trading sessions, ERF rose by +1.43%, which changed the moving average for the period of 200-days by +24.20% in comparison to the 20-day moving average, which settled at $20.11. In addition, Enerplus Corporation saw 29.47% 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 2.48. 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 conclusion, Enerplus Corporation (ERF) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
