Enerplus Corporation (ERF): These Numbers Show Where NYSE:ERF Stock Is Going Next

Enerplus Corporation (NYSE: ERF) is 3.72% higher on its value in year-to-date trading and has touched a low of $12.84 and a high of $18.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ERF stock was last observed hovering at around $15.55 in the last trading session, with the day’s gains setting it 0.36%.

Currently trading at $15.91, the stock is 11.01% and 7.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 2.32% at the moment leaves the stock 1.56% off its SMA200. ERF registered -5.80% loss for a year compared to 6-month loss of -5.24%. The firm has a 50-day simple moving average (SMA 50) of $1.65 and a 200-day simple moving average (SMA200) of $2.84.

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The stock witnessed a 8.90% gain in the last 1 month and extending the period to 3 months gives it a 0.13%, and is 14.71% 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 3.84% over the week and 2.84% over the month.

Enerplus Corporation (ERF) has around Nov 29 2023 employees, a market worth around $3.27B and $1.77B in sales. Current P/E ratio is 5.19 and Fwd P/E is 7.61. Profit margin for the company is 37.76%. Distance from 52-week low is 23.91% and -12.05% from its 52-week high. The company has generated returns on investments over the last 12 months (47.69%).

Enerplus Corporation quarterly earnings per share for the current quarter are estimated at $0.49.The EPS is expected to shrink by -44.17% this year, but quarterly earnings will post -33.20% year-over-year.

Enerplus Corporation (ERF) Top Institutional Holders

289 institutions hold shares in Enerplus Corporation (ERF), with institutional investors hold 62.94% of the company’s shares. The shares outstanding are 217.28M, and float is at 195.11M with Short Float at 1.63%. Institutions hold 62.70% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 10.7 million shares valued at $154.76 million. The investor’s holdings represent 5.13% of the ERF Shares outstanding. As of Jun 29, 2023, the second largest holder is KGH Ltd with 8.27 million shares valued at $119.72 million to account for 3.97% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.88 million shares representing 3.78% and valued at over $114.01 million, while Kimmeridge Energy Management Company, LLC holds 3.74% of the shares totaling 7.8 million with a market value of $112.85 million.

Enerplus Corporation (ERF): Who are the competitors?

The company’s main competitors (and peers) include Vermilion Energy Inc. (VET) that is trading -25.53% down over the past 12 months. Baytex Energy Corp. (BTE) that is -29.57% lower over the same period.