Enerplus Corporation’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

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Enerplus Corporation (NYSE:ERF) traded at $11.61 at last check on Wednesday, January 12, made an upward move of 2.47% on its previous day’s price.

Looking at the stock we see that its previous close was $11.33 and the beta (5Y monthly) reads 3.41 with the day’s price range being $11.07 – $11.50. In terms of its 52-week price range, ERF has a high of $11.50 and a low of $3.07. The company’s stock has gained about 5.49% over that past 30 days.

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Enerplus Corporation has a market cap of $2.89 billion and is expected to release its quarterly earnings report on Feb 17, 2022 – Feb 21, 2022. With its Forward Dividend at 0.13 and a yield of 1.15%, the company’s investors could be anxious for the ERF stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.5, with the EPS growth for the year raised at $0.66 for 2021 and $1.95 for next year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ERF stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 14 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Enerplus Corporation (ERF) stock as a Hold, while 11 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 11.92% off its SMA20 and 14.23% from its 50-day simple moving average. The RSI (14) is pointing at 65.66 while the volatility over the past week is 4.27% and jumps to 4.88% over the past one month. The beta value is 2.91, while the average true range (ATR) is currently pointing at 0.50. The average price target for the stock over the next 12 months is $13.24, with the estimates having a low of $10.85 and a high of $21.00. These price ends are 6.55% and -80.88% off the today’s price level respectively, although investors could be excited at the prospect of a -8.1% if the ERF share price touches on the median price of $12.55.

Let’s briefly compare Enerplus Corporation (ERF) stock to its peers. We find that today’s price change of 2.47% and 201.33% over the past 12 months for ERF competes that of Vermilion Energy Inc. (VET), which has seen its stock price fall -0.20% in the latest trading session and is 176.77% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.40% and 0.24%, respectively, in early deals.

Coming back to Enerplus Corporation (NYSE:ERF), we note that the average 3-month trading volume was 2.22 million. Current shares outstanding are 256.35 million.

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The insiders hold 1.30% of the company’s shares while institutions hold 28.30%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.09% up in year-to-date price movement.

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