At the time of writing, Enerplus Corporation [ERF] stock is trading at $20.11, up 0.40%. 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 3.23% over the last week, with a monthly amount drifted -2.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enerplus Corporation [NYSE: ERF] stock has seen the most recent analyst activity on April 29, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also boosted its price target to $22 from $21. Previously, Barclays upgraded its rating to Overweight on April 20, 2023. On October 13, 2022, downgrade downgraded it’s rating to Sector Perform. Scotiabank upgraded its rating to a Sector Outperform. Scotiabank upgraded its rating to a Sector Outperform. Scotiabank downgraded its rating to Sector Perform for this stock on June 09, 2021. In a note dated March 09, 2020, SunTrust downgraded an Hold rating on this stock.
For the past year, the stock price of Enerplus Corporation fluctuated between $13.46 and $20.97. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Enerplus Corporation [NYSE: ERF] shares were valued at $20.11 at the most recent close of the market. An investor can expect a potential return of 93.93% based on the average ERF price forecast.
Analyzing the ERF fundamentals
According to Enerplus Corporation [NYSE:ERF], the company’s sales were 1.61B for trailing twelve months, which represents an -12.38% plunge. 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 19.89 points at the first support level, and at 19.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.30, and for the 2nd resistance point, it is at 20.48.
Enerplus Corporation [ERF] reported earnings per share of $0.32 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of -$0.01 and a surprise factor of -3.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.55 per share as compared to estimates of $0.49 per share, a difference of $0.06 representing a surprise of 12.20%.
Ratios To Look Out For
It is important to note that Enerplus Corporation [NYSE:ERF] has a current ratio of 0.70. Further, the Quick Ratio stands at 0.70, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 3.29 and price to earnings (TTM) ratio is 11.17.
