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Enerplus Corporation (ERF) Stock Could Soon Reward Patient Investors

Enerplus Corporation (NYSE: ERF) is 27.90% higher on its value in year-to-date trading and has touched a low of $13.46 and a high of $19.78 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 $19.66 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $19.62, the stock is 6.49% and 18.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.1 million and changing -0.20% at the moment leaves the stock 20.99% off its SMA200. ERF registered 35.12% gain for a year compared to 6-month loss of 10.54%. The firm has a 50-day simple moving average (SMA 50) of $2.45 and a 200-day simple moving average (SMA200) of $4.31.

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The stock witnessed a 10.66% gain in the last 1 month and extending the period to 3 months gives it a 28.15%, and is 4.81% 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 1.81% over the week and 1.70% over the month.

Enerplus Corporation (ERF) has around 404 employees, a market worth around $3.99B and $1.66B in sales. Current P/E ratio is 9.36 and Fwd P/E is 9.11. Profit margin for the company is 27.42%. Distance from 52-week low is 45.77% and -0.81% from its 52-week high. The company has generated returns on investments over the last 12 months (33.86%).

Enerplus Corporation quarterly earnings per share for the current quarter are estimated at $0.34.The EPS is expected to shrink by -9.30% this year, but quarterly earnings will post -2.10% year-over-year.

Enerplus Corporation (ERF) Top Institutional Holders

298 institutions hold shares in Enerplus Corporation (ERF), with institutional investors hold 63.07% of the company’s shares. The shares outstanding are 202.20M, and float is at 192.78M with Short Float at 1.49%. Institutions hold 62.88% 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.

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