Following The Money: Institution’s Growing Stake In Enerplus Corporation (NYSE: ERF)

Enerplus Corporation (ERF) concluded trading on Thursday at a closing price of $15.50, with 16.94 million shares of worth about $262.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.41% during that period and on Thursday the price saw a gain of about 8.16%. Currently the company’s common shares owned by public are about 217.28M shares, out of which, 195.11M shares are available for trading.

Stock saw a price change of 9.31% in past 5 days and over the past one month there was a price change of 5.87%. Year-to-date (YTD), ERF shares are showing a performance of 1.04% which decreased to -10.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.84 but also hit the highest price of $18.09 during that period. The average intraday trading volume for Enerplus Corporation shares is 1.36 million. The stock is currently trading 8.92% above its 20-day simple moving average (SMA20), while that difference is up 4.48% for SMA50 and it goes to -1.02% lower than SMA200.

Enerplus Corporation (NYSE: ERF) currently have 217.28M outstanding shares and institutions hold larger chunk of about 59.73% of that.

The stock has a current market capitalization of $3.19B and its 3Y-monthly beta is at 1.94. PE ratio of stock for trailing 12 months is 5.06, while it has posted earnings per share of $3.07 in the same period. Its PEG reads 0.12 and has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ERF, volatility over the week remained 4.06% while standing at 2.80% over the month.

Analysts are in expectations that Enerplus Corporation (ERF) stock would likely to be making an EPS of $0.49 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $2.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.48 which is $0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.43 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -44.17% while it is estimated to decrease by -0.57% in next year. EPS is likely to grow at an annualized rate of 42.26% for next 5-years, compared to annual growth of 37.92% made by the stock over the past 5-years.

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