The stock of Enerplus Corporation (NYSE:ERF) last traded at $15.42, up 2.32% from the previous session.
ERF stock price is now 6.88% away from the 50-day moving average and -2.66% away from the 200-day moving average. The market capitalization of the company currently stands at $3.14B.
A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ERF stock. A new stake in Enerplus Corporation shares was purchased by AVENTAIL CAPITAL GROUP, LP during the first quarter worth $60,992,000. PALO DURO INVESTMENT PARTNERS, LP invested $51,498,000 in shares of ERF during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Enerplus Corporation valued at approximately $22,067,000. STATE OF WISCONSIN INVESTMENT BOARD acquired a new stake in ERF for approximately $20,509,000. CANOE FINANCIAL LP purchased a new stake in ERF valued at around $2,312,000 in the second quarter. In total, there are 291 active investors with 28.30% ownership of the company’s stock.
With an opening price of $15.10 on Thursday morning, Enerplus Corporation (NYSE: ERF) set off the trading day. During the past 12 months, Enerplus Corporation has had a low of $11.00 and a high of $19.23. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $3.45B, which is based on a 3.59 price-to-earnings ratio, a 0.08 price-to-earnings-growth ratio, and a beta of 2.16. The fifty day moving average price for ERF is $14.44 and a two-hundred day moving average price translates $15.85 for the stock.
The latest earnings results from Enerplus Corporation (NYSE: ERF) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.65 by -0.02. This compares to $0.13 EPS in the same period last year. The net profit margin was 45.20% and return on equity was 105.40% for ERF. The company reported revenue of $441.15 million for the quarter, compared to $306.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.0 percent.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/06/2023 were paid a $0.055 dividend. On an annualized basis, this represents a $0.22 dividend and a 1.43% percent yield. There was an ex-dividend date of 03/03/2023 for this dividend. In terms of dividend payout ratio, ERF is presently at 5.00%.
Enerplus Corporation(ERF) Company Profile
Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
