Enerplus Corporation (NYSE: ERF) is -17.73% lower on its value in year-to-date trading and has touched a low of $11.00 and a high of $19.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ERF stock was last observed hovering at around $14.72 in the last trading session, with the day’s loss setting it -0.2% off its average median price target of $20.50 for the next 12 months. It is also 41.92% off the consensus price target high of $25.00 offered by 14 analysts, but current levels are 14.59% higher than the price target low of $17.00 for the same period.
Currently trading at $14.52, the stock is 0.53% and -0.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -1.36% at the moment leaves the stock -8.90% off its SMA200. ERF registered 8.85% gain for a year compared to 6-month loss of -22.81%. The firm has a 50-day simple moving average (SMA 50) of $1.43 and a 200-day simple moving average (SMA200) of $2.01.
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The stock witnessed a 0.97% gain in the last 1 month and extending the period to 3 months gives it a -9.59%, and is 0.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 2.88% over the month.
Enerplus Corporation (ERF) has around 379 employees, a market worth around $3.05B and $2.25B in sales. Current P/E ratio is 3.38 and Fwd P/E is 3.75. Profit margin for the company is 45.20%. Distance from 52-week low is 32.00% and -24.49% from its 52-week high. The company has generated returns on investments over the last 12 months (74.50%).
Enerplus Corporation (ERF) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enerplus Corporation (ERF) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 3 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enerplus Corporation is expected to release its quarterly report on 08/11/2023.The EPS is expected to grow by 304.80% this year
Enerplus Corporation (ERF) Top Institutional Holders
The shares outstanding are 216.81M, and float is at 213.10M with Short Float at 1.87%.
Enerplus Corporation (ERF): Who are the competitors?
The company’s main competitors (and peers) include Vermilion Energy Inc. (VET) that is trading -42.49% down over the past 12 months and Baytex Energy Corp. (BTE) that is -35.36% lower over the same period.
