Enerplus Corporation [ERF] stock is trading at $18.14, up 0.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ERF shares have gain 1.28% over the last week, with a monthly amount glided 15.69%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Enerplus Announces an 8% Increase to its Quarterly Cash Dividend for March 2024. In a post published today on Yahoo Finance, Enerplus Corporation (“Enerplus”) (TSX: ERF) (NYSE: ERF) today announced that its dividend will increase 8%, to US$0.065 per share, effective with the March 15, 2024 dividend, which is payable to all shareholders of record at the close of business on March 4, 2024. The ex-dividend date for this payment is March 1, 2024.
From an analyst’s perspective:
Enerplus Corporation [NYSE: ERF] stock has seen the most recent analyst activity on April 20, 2023, when Barclays upgraded its rating to a Overweight. Previously, Scotiabank downgraded its rating to Sector Perform on October 13, 2022. On June 08, 2022, upgrade upgraded it’s rating to Sector Outperform. Scotiabank upgraded its rating to a Sector Outperform. Scotiabank downgraded its rating to a Sector Perform. SunTrust downgraded its rating to Hold for this stock on March 09, 2020. In a note dated September 27, 2019, CapitalOne upgraded an Overweight rating on this stock but restated the target price of $12.
Enerplus Corporation [ERF] stock has fluctuated between $12.84 and $19.01 over the past year. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Enerplus Corporation [NYSE: ERF] shares were valued at $18.14 at the most recent close of the market. An investor can expect a potential return of 114.99% based on the average ERF price forecast.
Analyzing the ERF fundamentals
Enerplus Corporation [NYSE:ERF] reported sales of 1.66B for the trailing twelve months, which represents a drop of -20.34%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.39 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.04 points at the first support level, and at 17.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.21, and for the 2nd resistance point, it is at 18.28.
Enerplus Corporation [ERF] reported earnings per share of $0.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0.06 and a surprise factor of 12.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.59 per share as compared to estimates of $0.57 per share, a difference of $0.02 representing a surprise of 3.50%.
Ratios To Look Out For
For context, Enerplus Corporation’s Current Ratio is 0.80. Further, the Quick Ratio stands at 0.80, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 8.66.
