Enerplus Capex To Operating Cash Flow vs Free Cash Flow Per Share Analysis

ERF Stock

CAD 27.19 0.30 1.09%

Enerplus financial indicator trend analysis is much more than just examining Enerplus latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerplus is a good investment. Please check the relationship between Enerplus Capex To Operating Cash Flow and its Free Cash Flow Per Share accounts. 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.

Capex To Operating Cash Flow vs Free Cash Flow Per Share

Capex To Operating Cash Flow vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Capex To Operating Cash Flow account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Enerplus' Capex To Operating Cash Flow and Free Cash Flow Per Share is 0.97. Overlapping area represents the amount of variation of Capex To Operating Cash Flow that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Capex To Operating Cash Flow and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Operating Cash Flow of Enerplus are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Capex To Operating Cash Flow i.e., Enerplus' Capex To Operating Cash Flow and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capex To Operating Cash Flow

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Enerplus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerplus current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Enerplus' Selling General Administrative is very stable compared to the past year. As of the 11th of May 2024, Tax Provision is likely to grow to about 116.9 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	56.8M	70.0M	1.1B	1.2B
Cost Of Revenue	794.0M	996.7M	902.3M	510.7M

Total Operating Expenses Cost Of Revenue

Enerplus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Assets	Intangible Assets	Other Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.79	0.1	0.49	0.98	0.96	0.7	0.43	0.61	-0.24	1.0	0.63	-0.23	0.25	0.18	0.91	0.54	0.96	0.23	0.0	0.12	-0.01	0.28	-0.14	0.29	0.41
Short Long Term Debt Total	0.79		0.46	0.4	0.67	0.67	0.93	0.04	0.2	-0.27	0.78	0.29	-0.25	0.32	0.35	0.88	0.21	0.88	0.1	0.0	0.26	0.17	0.22	0.24	0.11	0.12
Other Current Liab	0.1	0.46		0.59	-0.01	-0.03	0.44	-0.28	-0.04	-0.16	0.08	-0.15	-0.16	0.45	0.42	0.13	-0.23	0.25	0.29	0.3	0.23	0.08	0.16	0.04	-0.49	-0.27
Total Current Liabilities	0.49	0.4	0.59		0.41	0.49	0.37	-0.09	0.77	-0.17	0.46	0.34	-0.18	0.64	0.5	0.37	0.27	0.57	0.74	0.31	-0.1	-0.03	0.32	-0.23	-0.28	0.11
Total Stockholder Equity	0.98	0.67	-0.01	0.41		0.94	0.57	0.52	0.59	-0.14	0.97	0.65	-0.14	0.17	0.13	0.83	0.54	0.87	0.15	0.06	0.12	-0.07	0.28	-0.25	0.31	0.4
Property Plant And Equipment Net	0.96	0.67	-0.03	0.49	0.94		0.61	0.53	0.7	-0.34	0.97	0.63	-0.34	0.19	0.01	0.86	0.59	0.92	0.31	-0.17	-0.03	-0.07	0.2	-0.17	0.35	0.55
Net Debt	0.7	0.93	0.44	0.37	0.57	0.61		0.1	0.17	-0.46	0.71	0.28	-0.44	0.39	0.24	0.89	0.25	0.83	0.01	-0.12	0.31	0.42	0.06	0.26	0.28	0.29
Retained Earnings	0.43	0.04	-0.28	-0.09	0.52	0.53	0.1		0.19	-0.31	0.46	0.47	-0.31	-0.24	-0.69	0.31	0.49	0.26	-0.12	-0.38	-0.03	-0.04	-0.2	-0.31	0.54	0.68
Accounts Payable	0.61	0.2	-0.04	0.77	0.59	0.7	0.17	0.19		-0.13	0.6	0.6	-0.15	0.36	0.25	0.43	0.57	0.59	0.7	0.12	-0.27	-0.15	0.21	-0.25	0.07	0.39
Cash	-0.24	-0.27	-0.16	-0.17	-0.14	-0.34	-0.46	-0.31	-0.13		-0.28	0.0	1.0	0.02	0.41	-0.33	-0.2	-0.34	-0.18	0.52	-0.34	0.04	0.63	-0.2	-0.08	-0.35
Non Current Assets Total	1.0	0.78	0.08	0.46	0.97	0.97	0.71	0.46	0.6	-0.28		0.64	-0.27	0.21	0.12	0.92	0.57	0.96	0.21	-0.08	0.09	-0.01	0.26	-0.12	0.32	0.45
Non Currrent Assets Other	0.63	0.29	-0.15	0.34	0.65	0.63	0.28	0.47	0.6	0.0	0.64		0.01	0.1	0.0	0.55	0.96	0.56	0.06	-0.14	-0.18	0.16	0.27	-0.17	0.48	0.48
Cash And Short Term Investments	-0.23	-0.25	-0.16	-0.18	-0.14	-0.34	-0.44	-0.31	-0.15	1.0	-0.27	0.01		0.05	0.41	-0.31	-0.19	-0.33	-0.2	0.5	-0.34	0.07	0.63	-0.19	-0.06	-0.34
Net Receivables	0.25	0.32	0.45	0.64	0.17	0.19	0.39	-0.24	0.36	0.02	0.21	0.1	0.05		0.6	0.27	-0.04	0.34	0.36	0.44	0.01	0.47	0.23	-0.09	-0.02	0.07
Common Stock Shares Outstanding	0.18	0.35	0.42	0.5	0.13	0.01	0.24	-0.69	0.25	0.41	0.12	0.0	0.41	0.6		0.18	-0.17	0.25	0.22	0.75	0.16	0.18	0.46	0.04	-0.37	-0.49
Non Current Liabilities Total	0.91	0.88	0.13	0.37	0.83	0.86	0.89	0.31	0.43	-0.33	0.92	0.55	-0.31	0.27	0.18		0.49	0.95	0.06	-0.14	0.14	0.3	0.2	0.09	0.47	0.48
Other Stockholder Equity	0.54	0.21	-0.23	0.27	0.54	0.59	0.25	0.49	0.57	-0.2	0.57	0.96	-0.19	-0.04	-0.17	0.49		0.5	0.07	-0.34	-0.17	0.11	0.08	-0.1	0.48	0.53
Total Liab	0.96	0.88	0.25	0.57	0.87	0.92	0.83	0.26	0.59	-0.34	0.96	0.56	-0.33	0.34	0.25	0.95	0.5		0.31	-0.07	0.1	0.08	0.25	0.02	0.25	0.4
Property Plant And Equipment Gross	0.23	0.1	0.29	0.74	0.15	0.31	0.01	-0.12	0.7	-0.18	0.21	0.06	-0.2	0.36	0.22	0.06	0.07	0.31		0.17	-0.18	-0.43	0.03	-0.13	-0.35	0.12
Total Current Assets	0.0	0.0	0.3	0.31	0.06	-0.17	-0.12	-0.38	0.12	0.52	-0.08	-0.14	0.5	0.44	0.75	-0.14	-0.34	-0.07	0.17		0.37	0.0	0.26	-0.26	-0.36	-0.47
Other Current Assets	0.12	0.26	0.23	-0.1	0.12	-0.03	0.31	-0.03	-0.27	-0.34	0.09	-0.18	-0.34	0.01	0.16	0.14	-0.17	0.1	-0.18	0.37		0.04	-0.39	-0.04	-0.04	-0.21
Intangible Assets	-0.01	0.17	0.08	-0.03	-0.07	-0.07	0.42	-0.04	-0.15	0.04	-0.01	0.16	0.07	0.47	0.18	0.3	0.11	0.08	-0.43	0.0	0.04		0.12	0.05	0.61	0.35
Other Assets	0.28	0.22	0.16	0.32	0.28	0.2	0.06	-0.2	0.21	0.63	0.26	0.27	0.63	0.23	0.46	0.2	0.08	0.25	0.03	0.26	-0.39	0.12		-0.41	0.0	-0.02
Short Term Debt	-0.14	0.24	0.04	-0.23	-0.25	-0.17	0.26	-0.31	-0.25	-0.2	-0.12	-0.17	-0.19	-0.09	0.04	0.09	-0.1	0.02	-0.13	-0.26	-0.04	0.05	-0.41		-0.16	-0.32
Common Stock Total Equity	0.29	0.11	-0.49	-0.28	0.31	0.35	0.28	0.54	0.07	-0.08	0.32	0.48	-0.06	-0.02	-0.37	0.47	0.48	0.25	-0.35	-0.36	-0.04	0.61	0.0	-0.16		0.81
Common Stock	0.41	0.12	-0.27	0.11	0.4	0.55	0.29	0.68	0.39	-0.35	0.45	0.48	-0.34	0.07	-0.49	0.48	0.53	0.4	0.12	-0.47	-0.21	0.35	-0.02	-0.32	0.81

Click cells to compare fundamentals

Enerplus Account Relationship Matchups

Enerplus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.2B	2.0B	1.9B	2.1B	2.9B
Short Long Term Debt Total	505.0M	413.5M	730.7M	282.4M	324.8M	557.4M
Other Current Liab	84.9M	101.0M	249.4M	120.7M	138.8M	93.0M
Total Current Liabilities	321.5M	306.3M	621.4M	503.2M	478.4M	296.8M
Total Stockholder Equity	1.1B	420.1M	609.3M	1.1B	1.2B	1.7B
Property Plant And Equipment Net	1.2B	492.4M	1.3B	1.4B	1.5B	2.2B
Net Debt	388.9M	323.7M	669.3M	244.4M	119.3M	113.3M
Retained Earnings	(1.5B)	(2.3B)	(2.2B)	(1.5B)	(1.2B)	(1.3B)
Accounts Payable	142.1M	113.4M	260.8M	288.2M	294.1M	171.0M
Cash	116.1M	89.8M	61.3M	38M	66.7M	52.4M
Non Current Assets Total	1.7B	968.5M	1.7B	1.5B	1.7B	2.6B
Non Currrent Assets Other	10.6M	3.8M	9.8M	21.2M	5.9M	5.6M
Cash And Short Term Investments	116.1M	89.8M	61.3M	38M	43.7M	51.5M
Net Receivables	156.1M	83.4M	228.0M	276.6M	38.3M	36.3M
Common Stock Shares Outstanding	231.3M	222.5M	259.9M	242.7M	202.2M	160.9M
Liabilities And Stockholders Equity	2.0B	1.2B	2.0B	1.9B	2.2B	2.9B
Non Current Liabilities Total	516.1M	423.7M	759.3M	358.2M	362.8M	344.6M
Other Stockholder Equity	45.5M	39.7M	50.9M	50.5M	45.4M	43.1M
Total Liab	837.7M	729.9M	1.4B	861.4M	841.1M	1.2B
Property Plant And Equipment Gross	1.6B	627.9M	13.2B	7.3B	7.9B	8.3B
Total Current Assets	282.6M	181.6M	306.0M	407.7M	383.3M	221.3M
Accumulated Other Comprehensive Income	236.0M	251.0M	(297.3M)	(301.3M)	(346.5M)	(329.2M)
Other Current Assets	2.3M	5.6M	11.0M	56.6M	45.0M	58.5M
Other Assets	277.1M	607.0M	390.6M	176.2M	202.6M	259.9M
Short Term Debt	94.6M	91.9M	111.2M	94.3M	84.8M	120.7M
Common Stock Total Equity	3.4B	3.3B	3.1B	3.1B	2.8B	2.6B
Common Stock	2.4B	2.4B	3.1B	2.8B	2.6B	2.2B
Other Liab	138.0M	130.2M	139.9M	170.0M	153.0M	145.5M
Net Tangible Assets	1.3B	535.7M	609.3M	1.1B	969.0M	782.2M
Long Term Debt	500.6M	386.6M	601.2M	178.9M	105.4M	100.2M
Short Long Term Debt	106.0M	103.8M	100.6M	80.6M	72.5M	68.9M
Property Plant Equipment	1.6B	627.9M	1.3B	1.4B	1.2B	1.1B
Long Term Debt Total	536.2M	386.6M	601.2M	178.9M	161.0M	153.0M
Capital Surpluse	59.5M	50.6M	50.9M	50.5M	45.4M	42.3M
Net Invested Capital	2.1B	1.0B	1.3B	1.3B	1.4B	1.4B
Net Working Capital	(50.9M)	(159.0M)	(315.5M)	(95.5M)	(95.1M)	(90.3M)
Capital Stock	2.4B	2.4B	3.1B	2.8B	2.7B	2.9B
Cash And Equivalents	114.4M	89.9M	61.3M	38M	34.2M	32.5M

Pair Trading with Enerplus

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enerplus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enerplus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enerplus Stock

0.78	ENB-PFC	Enbridge Pref 11	Pair Corr
0.72	ENB-PFU	Enbridge Pref L	Pair Corr

Moving against Enerplus Stock

0.88

ECN

ECN Capital Corp

Pair Corr

The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enerplus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enerplus to buy it.

The correlation of Enerplus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Enerplus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Enerplus

Details

Is Enerplus Stock a good investment?

Details

What is Enerplus' Net Worth?

Details

Largest Oil & Gas E&P Companies

View

Largest Energy Companies

View

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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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.

	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Equity Valuation Check real value of public entities based on technical and fundamental data
	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities

Please note, there is a significant difference between Enerplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerplus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Enerplus Capex To Operating Cash Flow vs Free Cash Flow Per Share Analysis

Capex To Operating Cash Flow vs Free Cash Flow Per Share

Capex To Operating Cash Flow vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Capex To Operating Cash Flow

Free Cash Flow Per Share

Enerplus fundamental ratios Correlations

Enerplus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enerplus fundamental ratios Accounts

Pair Trading with Enerplus

Moving together with Enerplus Stock

Moving against Enerplus Stock

Complementary Tools for Enerplus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.96	Total Assets

Common Stock Shares Outstanding	- 0.69	Retained Earnings
Common Stock	- 0.49	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.49	Other Current Liab
Common Stock	- 0.47	Total Current Assets
Cash	- 0.46	Net Debt
Cash And Short Term Investments	- 0.44	Net Debt