Reflections On The Past For Investors Today: Enerplus Corporation (NYSE: ERF)

Enerplus Corporation (NYSE:ERF) does about 3.21M shares in volume on a normal day but saw 1810623 shares change hands in Monday’s trading. The company now has a market cap of 4.10B USD. Its current market price is $20.06, marking an increase of 0.65% compared to the previous close of $19.93. The 52 week high reached by this stock is $20.97 whilst the lowest price level in 52 weeks is $13.46.

Enerplus Corporation (ERF) has a 20-day trading average at $20.00 and the current price is -4.32% off the 52-week high compared with 49.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.48 and its 200-day simple moving average is $17.02. If we look at the stock’s price movements over the week, volatility stands at 1.82%, which increases to 2.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.38 to suggest the stock is neutral.

The consensus objective for the share price is $19.63, suggesting that the stock has a potential downside of -2.19% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 29, 2024 when RBC Capital Mkts downgraded the stock to “Sector Perform” and issued a price target of between $21 and $22.

Enerplus Corporation (ERF) stock is up 1.36% over the week and -2.95% over the past month. Its price is 30.77% year-to-date and 42.57% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -2.19 percent from here.

The company has a return on investment of 28.45% and return on equity of 32.27%. The price to earnings ratio (P/E ratio) amounts to 11.14 while the forward price to earnings ratio is 9.79. The beta has a value of 1.91. Price to book ratio is 3.28 and price to sales ratio is 2.54.