Enerplus Corporation (NYSE:ERF) has a beta value of 2.97 and has seen 1,554,977 shares traded in the last trading session. The company, currently valued at $424.55 Million, closed the last trade at $1.91 per share which meant it gained $0.13 on the day or 7.3% during that session. The ERF stock price is -298.43% off its 52-week high price of $7.61 and 39.79% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.35 Million shares traded. The 3-month trading volume is 1.09 Million shares.
The consensus among analysts is that Enerplus Corporation (ERF) is an Overweight stock at the moment, with a recommendation rating of 2. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 15 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.22.
Enerplus Corporation (NYSE:ERF) trade information
Sporting 7.3% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 22 when the ERF stock price touched $1.93 or saw a rise of 1.04%. Year-to-date, Enerplus Corporation shares have moved -73.21%, while the 5-day performance has seen it change 2.69%. Over the past 30 days, the shares of Enerplus Corporation (NYSE:ERF) have changed -31.54%. Short interest in the company has seen 5.93 Million shares shorted with days to cover at 5.44.
Wall Street analysts have a consensus price target for the stock at $3.73, which means that the shares’ value could jump 95.29% from current levels. The projected low price target is $2.62 while the price target rests at a high of $6. In that case, then, we find that the current price level is +214.14% off the targeted high while a plunge would see the stock lose 37.17% from current levels.
Enerplus Corporation (ERF) estimates and forecasts
Figures show that Enerplus Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +44.7% over the past 6 months, with this year growth rate of -126.58%, compared to -14.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -8.3% and -41.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +42.9%.
1 analysts offering their estimates for the company have set an average revenue estimate of $241.79 Million for the current quarter. 1 have an estimated revenue figure of $248.05 Million for the next quarter concluding in June 01, 2018. Year-ago sales stood $224.62 Million and $202.79 Million respectively for this quarter and the next, and analysts expect sales will grow by 7.6% for the current quarter and 22.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.7% over the past 5 years. Earnings growth for 2020 is a modest -173.4%.
Enerplus Corporation is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.09 at a share yield of 4.97%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.08%.
Enerplus Corporation (NYSE:ERF)’s Major holders
Insiders own 0.31% of the company shares, while shares held by institutions stand at 65.1% with a share float percentage of 65.31%. Investors are also buoyed by the number of investors in a company, with Enerplus Corporation having a total of 257 institutions that hold shares in the company. The top two institutional holders are Key Group Holdings (Cayman), Ltd. with over 20.9 Million shares worth more than $59.14 Million. As of June 29, 2020, Key Group Holdings (Cayman), Ltd. held 9.39% of shares outstanding.
The other major institutional holder is Encompass Capital Advisors, LLC, with the holding of over 14.17 Million shares as of June 29, 2020. The firm’s total holdings are worth over $40.09 Million and represent 6.37% of shares outstanding.