With over 1.54 million Enerplus Corporation (ERF) shares trading Monday and a closing price of $14.88 on the day, the dollar volume was approximately $22.9 million. The shares have shown a negative half year performance of -19.13% and its price on 05/22/23 gained nearly 0.88%. Currently, there are 216.81M common shares owned by the public and among those 213.10M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for ERF have a consensus price objective of $20.51. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $17.00. The average price target is 21.14% above its recent price level and an upside to the estimated low will see the stock gain 12.47% over that period. But an upside of 40.48% will see the stock hit the forecast high price target while median target price for the stock is $20.50.
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The top 3 mutual fund holders in Enerplus Corporation are Ninepoint Energy Fund, British Columbia Inv Management C, and Vanguard Total International Stoc. Ninepoint Energy Fund owns 10.0 million shares of the company’s stock, all valued at over $149.6 million. The company bought an additional 3.0 million shares recently to bring their total holdings to about 4.62% of the shares outstanding. British Columbia Inv Management C sold 5271.0 shares to see its total holdings shrink to 3.95 million shares valued at over $59.15 million and representing 1.83% of the shares outstanding. Vanguard Total International Stoc sold 3031.0 shares to bring its total holdings to over 3.06 million shares at a value of $45.77 million. Vanguard Total International Stoc now owns shares totaling to 1.41% of the shares outstanding.
Shares of Enerplus Corporation (NYSE: ERF) opened at $14.70, down -$0.05 from a prior closing price of $14.75. However, the script later moved the day high at 15.11, up 0.88%. The company’s stock has a 5-day price change of 4.49% and -4.68% over the past three months. ERF shares are trading -15.69% year to date (YTD), with the 12-month market performance up to 18.38% higher. It has a 12-month low price of $11.00 and touched a high of $19.23 over the same period. ERF has an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.15%, 2.40%, and -6.48% respectively.
Institutional ownership of Enerplus Corporation (NYSE: ERF) shares accounts for 28.30% of the company’s 216.81M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $3.12B and a beta (3y monthly) value of 2.18. The stock’s trailing 12-month PE ratio is 3.46, while the earnings-per-share (ttm) stands at $4.29. The company has a PEG of 0.08 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.72% over the week and 3.04% over the month.
Analysts forecast that Enerplus Corporation (ERF) will achieve an EPS of $0.46 for the current quarter, $0.53 for the next quarter and $2.5 for 2024. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.51. Comparatively, EPS for the current quarter was $0.72 a year ago. Earnings per share for the fiscal year are expected to increase by 304.80%, and 21.73% over the next financial year. EPS should grow at an annualized rate of 42.26% over the next five years, compared to 31.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Enerplus Corporation (ERF) as a “Strong Buy” at a consensus score of 1.90. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
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