Enerplus Stock Analysis

Enerplus Stock Analysis Notes

About 62.0% of the company shares are held by institutions such as insurance companies. The book value of Enerplus was currently reported as 6.07. The company last dividend was issued on the 1st of March 2024. Enerplus had 1:6 split on the 15th of June 2000. 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. It employs 383 people. To learn more about Enerplus call Ian Dundas at 403-298-2200 or check out https://www.enerplus.com.

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Enerplus Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.64 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 Profitablity

The company has Profit Margin (PM) of 0.3 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.34 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.34.

Management Efficiency

Enerplus has return on total asset (ROA) of 0.1812 % which means that it generated a profit of $0.1812 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3959 %, meaning that it generated $0.3959 on every $100 dollars invested by stockholders. Enerplus' management efficiency ratios could be used to measure how well Enerplus manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.23. Also, Return On Capital Employed is likely to grow to 0.39. At this time, Enerplus' Debt To Assets are very stable compared to the past year. As of the 25th of April 2024, Fixed Asset Turnover is likely to grow to 1.15, while Non Currrent Assets Other are likely to drop about 5.6 M.

Technical Drivers

As of the 25th of April, Enerplus shows the Coefficient Of Variation of 290.7, downside deviation of 1.19, and Mean Deviation of 1.18. Enerplus technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Enerplus, which can be compared to its peers. Please confirm Enerplus coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Enerplus is priced favorably, providing market reflects its regular price of 27.82 per share.

Enerplus Price Movement Analysis

Enerplus Predictive Daily Indicators

Enerplus Forecast Models

Enerplus' time-series forecasting models are one of many Enerplus' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Enerplus' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Enerplus prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Enerplus shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Enerplus. By using and applying Enerplus Stock analysis, traders can create a robust methodology for identifying Enerplus entry and exit points for their positions.

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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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.