Enerplus Corporation (NYSE:ERF): Performance Review And Growth Outlook

In the latest trading session, 2,593,644 Enerplus Corporation(NYSE:ERF) shares changed hands as the company’s beta touched 3.25. With the company’s most recent per share price at $3.42 changing hands around $0.05 or 0.01% at last look, the market valuation stands at $756.19 Million. ERF’s current price is a discount, trading about -59.65% off its 52-week high of $5.46. The share price had its 52-week low at $1.15, which suggests the recent value is66.37% up since then. When we look at Enerplus Corporation’s average trading volume, we note the 10-day average is 1.97 Million shares, with the 3-month average coming to 1.58 Million.

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Analysts gave the Enerplus Corporation (ERF) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that 1 out of 14 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended ERF as a Hold, 10 felt it is a Buy and none rated the stock as Underweight. Enerplus Corporation’s EPS for the current quarter is expected to be $0.22.

Instantly ERF is in green as seen in intraday trades today. With action 1.48%, the performance over the past five days has been red. The jump to weekly highs of $3.83- on Wednesday, Jan 20 added 11.5% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.08%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, Enerplus Corporation (NYSE:ERF) is 0.08% up. Looking at the short shares, we see there were 6.79 Million shares sold at short interest cover period of 4.3 days.

The consensus price target for the stock as assigned by Wall Street analysts is $4.42, meaning bulls need an upside of 29.24% from its recent market value. According to analyst projections, ERF’s forecast low is $2.77 with $7 as the target high. To hit the forecast high, the stock’s price needs a +104.68% upsurge from its latest level, while the stock would need to tank -19.01% for it to hit the projected low.

Enerplus Corporation (ERF) estimates and forecasts

Data shows that the Enerplus Corporation share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +23.9% over the past 6 months, a -89.87% in annual growth rate that is considerably lower than the industry average of -15.1%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Enerplus Corporation will drop -8.3%, while the growth in revenue is estimated to hit -41.5% for the next quarter. Year-over-year growth is forecast to reach 42.9% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $241.79 Million. 1 analysts are of the opinion that Enerplus Corporation’s revenue for the quarter ending in Mar 2021 will be $248.05 Million. The company’s revenue for the corresponding quarters a year ago was $224.62 Million and $202.79 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.6%. The estimates for the next quarter sales put growth at 22.3%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.7%. The 2021 estimates are for Enerplus Corporation earnings to decrease by -173.4%, but the outlook for the next 5-year period is at 0% per year.

ERF Dividends

The 2.81% annual yield figure for the share gives it an annual dividend of 0.09. It is important to note, however, that the 2.81% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.48% per year.

Enerplus Corporation (NYSE:ERF)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.34% of Enerplus Corporation shares while 56.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.02%. There are 198 institutions holding the Enerplus Corporation stock share, with Key Group Holdings (Cayman), Ltd. the top institutional holder. As of Sep 29, 2020, the company held 9.5% of the shares, roughly 21.21 Million ERF shares worth $39.45 Million.

Encompass Capital Advisors, LLC holds the second largest percentage of outstanding shares, with 7.48% or 16.68 Million shares worth $31.03 Million as of Sep 29, 2020.

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