Wall Street Analyst Downgrade Enerplus Corporation [ERF]. What else is Wall St. saying

Enerplus Corporation [NYSE: ERF] loss -6.54% on the last trading session, reaching $7.00 price per share at the time. The company report on June 23, 2021 that Enerplus Releases its 2021 ESG Report.

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Enerplus Corporation (“Enerplus”, or the “Company”) (TSX: ERF & NYSE: ERF) announced the release of its 2021 ESG report, which provides an update on the Company’s progress relative to its environmental, social and governance (“ESG”) initiatives. Enerplus continues to prioritize ESG focus areas that have the greatest financial impact, or which are operationally important to the organization in reducing risk, enhancing long-term business resilience and profitability, and supporting access to capital. Enerplus’ board of directors continues to be actively engaged in the Company’s approach to managing ESG issues under a governance framework that provides clear oversight and accountability. The 2021 ESG report is available on Enerplus’ website at www.enerplus.com.

Highlights of the 2021 ESG report are provided below.

Enerplus Corporation represents 244.07 million in outstanding shares, while the company has a total market value of $1.78 billion with the latest information. ERF stock price has been found in the range of $6.99 to $7.47.

If compared to the average trading volume of 1.76M shares, ERF reached a trading volume of 1854408 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Enerplus Corporation [ERF]:

Scotiabank have made an estimate for Enerplus Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 09, 2021. The new note on the price target was released on March 09, 2020, representing the official price target for Enerplus Corporation stock. Previously, the target price had yet another raise to $12, while CapitalOne analysts kept a Overweight rating on ERF stock.

The Average True Range (ATR) for Enerplus Corporation is set at 0.30, with the Price to Sales ratio for ERF stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 3.17, with the Price to Cash per share for the same quarter was set at 0.60. Price to Free Cash Flow for ERF in the course of the last twelve months was 6.80 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for ERF stock

Enerplus Corporation [ERF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.37. With this latest performance, ERF shares gained by 10.06% in over the last four-week period, additionally plugging by 122.93% over the last 6 months – not to mention a rise of 176.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ERF stock in for the last two-week period is set at 52.78, with the RSI for the last a single of trading hit 48.95, and the three-weeks RSI is set at 55.06 for Enerplus Corporation [ERF]. The present Moving Average for the last 50 days of trading for this stock 6.33, while it was recorded at 7.25 for the last single week of trading, and 4.13 for the last 200 days.

Enerplus Corporation [ERF]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Enerplus Corporation [ERF] shares currently have an operating margin of -8.07 and a Gross Margin at -0.25. Enerplus Corporation’s Net Margin is presently recorded at -125.25.

Return on Total Capital for ERF is now -3.72, given the latest momentum, and Return on Invested Capital for the company is -62.53. Return on Equity for this stock declined to -92.00, with Return on Assets sitting at -44.67. When it comes to the capital structure of this company, Enerplus Corporation [ERF] has a Total Debt to Total Equity ratio set at 98.43. Additionally, ERF Total Debt to Total Capital is recorded at 49.60, with Total Debt to Total Assets ending up at 35.95. Long-Term Debt to Equity for the company is recorded at 76.54, with the Long-Term Debt to Total Capital now at 38.58.

Reflecting on the efficiency of the workforce at the company, Enerplus Corporation [ERF] managed to generate an average of -$2,564,908 per employee. Receivables Turnover for the company is 4.75 with a Total Asset Turnover recorded at a value of 0.36.Enerplus Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Enerplus Corporation [ERF]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Enerplus Corporation posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2,300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ERF.

An analysis of insider ownership at Enerplus Corporation [ERF]

There are presently around $954 million, or 28.30% of ERF stock, in the hands of institutional investors. The top three institutional holders of ERF stocks are: KEY GROUP HOLDINGS (CAYMAN), LTD. with ownership of 21,109,699, which is approximately -0.48% of the company’s market cap and around 1.30% of the total institutional ownership; ENCOMPASS CAPITAL ADVISORS LLC, holding 15,403,064 shares of the stock with an approximate value of $107.82 million in ERF stocks shares; and CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., currently with $63.27 million in ERF stock with ownership of nearly 3.361% of the company’s market capitalization.

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Positions in Enerplus Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 95 institutional holders increased their position in Enerplus Corporation [NYSE:ERF] by around 38,580,128 shares. Additionally, 50 investors decreased positions by around 19,038,849 shares, while 16 investors held positions by with 78,645,690 shares. The mentioned changes placed institutional holdings at 136,264,667 shares, according to the latest SEC report filing. ERF stock had 31 new institutional investments in for a total of 11,386,025 shares, while 19 institutional investors sold positions of 9,653,316 shares during the same period.

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