Enerplus Corporation (NYSE: ERF) kicked off on May 22, 2023, at the price of $14.70, up 0.88% from the previous trading day. During the day, the shares moved up to $15.115 and dropped to $14.675 before settling in for the closing price of $14.75. Over the past 52 weeks, ERF has traded in a range of $11.00-$19.23.
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Annual sales at Energy sector company grew by 20.60% over the past five years. While this was happening, its average annual earnings per share was recorded 304.80%. With a float of $213.10 million, this company’s outstanding shares have now reached $216.81 million.
Let’s look at the performance matrix of the company that is accounted for 379 employees. In terms of profitability, gross margin is +57.65, operating margin of +54.59, and the pretax margin is +51.31.
Enerplus Corporation (ERF) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Enerplus Corporation is 1.30%, while institutional ownership is 28.30%.
Enerplus Corporation (ERF) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.62 earnings per share (EPS), lower than consensus estimate (set at $0.64) by -$0.02. This company achieved a net margin of +38.85 while generating a return on equity of 106.83. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 304.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 42.26% during the next five years compared to 31.60% growth over the previous five years of trading.
Enerplus Corporation (NYSE: ERF) Trading Performance Indicators
Take a look at Enerplus Corporation’s (ERF) current performance indicators. Last quarter, stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 4.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.29, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.88 in one year’s time.
Technical Analysis of Enerplus Corporation (ERF)
Enerplus Corporation (NYSE: ERF) saw its 5-day average volume 1.15 million, a positive change from its year-to-date volume of 1.15 million. As of the previous 9 days, the stock’s Stochastic %D was 73.60%. Additionally, its Average True Range was 0.46.
During the past 100 days, Enerplus Corporation’s (ERF) raw stochastic average was set at 38.27%, which indicates a significant decrease from 83.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.34% in the past 14 days, which was lower than the 41.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.52, while its 200-day Moving Average is $15.92. Nevertheless, the first resistance level for the watch stands at $15.10 in the near term. At $15.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.54. If the price goes on to break the first support level at $14.66, it is likely to go to the next support level at $14.45. Assuming the price breaks the second support level, the third support level stands at $14.23.
Enerplus Corporation (NYSE: ERF) Key Stats
The company with the Market Capitalisation of 3.12 billion has total of 214,208K Shares Outstanding. Its annual sales at the moment are 2,156 M in contrast with the sum of 914,300 K annual income. Company’s last quarter sales were recorded 441,150 K and last quarter income was 137,490 K.
