Enerplus Stock Today
ERF Stock | CAD 26.61 0.33 1.26% |
Performance17 of 100
| Odds Of DistressLess than 7
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Enerplus is selling at 26.61 as of the 29th of March 2024; that is 1.26 percent increase since the beginning of the trading day. The stock's open price was 26.28. Enerplus has only a 7 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Enerplus are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain Energy |
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada. ENERPLUS CORPORATION operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 203.26 M outstanding shares of which 1.2 M shares are currently shorted by private and institutional investors with about 1.36 days to cover all short positions. More on Enerplus
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Enerplus Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enerplus' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enerplus or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Ian Dundas | ||||
Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Enerplus' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enerplus' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enerplus' financial leverage. It provides some insight into what part of Enerplus' total assets is financed by creditors.
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Enerplus (ERF) is traded on Toronto Exchange in Canada and employs 404 people. Enerplus is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enerplus's market, we take the total number of its shares issued and multiply it by Enerplus's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enerplus operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 203.26 M outstanding shares of which 1.2 M shares are currently shorted by private and institutional investors with about 1.36 days to cover all short positions.
Enerplus has accumulated about 38 M in cash with 956.83 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Check Enerplus Probability Of Bankruptcy
Ownership AllocationEnerplus holds a total of 203.26 Million outstanding shares. Over half of Enerplus' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Enerplus. Please watch out for any change in the institutional holdings of Enerplus as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Enerplus Ownership Details
Enerplus Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Enerplus jumping above the current price in 90 days from now is roughly 2.93%. The Enerplus probability density function shows the probability of Enerplus stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Enerplus has a beta of 0.9552 suggesting Enerplus market returns are highly reactive to returns on the market. As the market goes up or down, Enerplus is expected to follow. Additionally, enerplus has an alpha of 0.29, implying that it can generate a 0.29 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Enerplus to move above the current price in 90 days from now is roughly 2.93 (This Enerplus probability density function shows the probability of Enerplus Stock to fall within a particular range of prices over 90 days) .
Enerplus Historical Income Statement
Enerplus Income Statement is one of the three primary financial statements used for reporting Enerplus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Enerplus revenue and expense. Enerplus Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Enerplus' Total Other Income Expense Net is very stable compared to the past year. As of the 29th of March 2024, Net Income is likely to grow to about 478.9 M, while Depreciation And Amortization is likely to drop about 321.3 M. View More FundamentalsEnerplus Stock Against Markets
Picking the right benchmark for Enerplus stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enerplus stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enerplus is critical whether you are bullish or bearish towards Enerplus at a given time. Please also check how Enerplus' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enerplus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Enerplus Corporate Directors
Enerplus corporate directors refer to members of an Enerplus board of directors. The board of directors generally takes responsibility for the Enerplus' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Enerplus' board members must vote for the resolution. The Enerplus board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Jeffrey Sheets | Independent Director | Profile | |
Susan MacKenzie | Independent Director | Profile | |
Robert Hodgins | Independent Director | Profile | |
Sheldon Steeves | Independent Director | Profile |
How to buy Enerplus Stock?
Before investing in Enerplus, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enerplus. To buy Enerplus stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enerplus. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Enerplus stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Enerplus stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Enerplus stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Enerplus, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Enerplus Stock please use our How to Invest in Enerplus guide.
Already Invested in Enerplus?
The danger of trading Enerplus is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enerplus is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enerplus. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enerplus is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Enerplus is a strong investment it is important to analyze Enerplus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Enerplus' future performance. For an informed investment choice regarding Enerplus Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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