Enerplus Enterprise Value over EBIT from 2010 to 2024
| ERF Stock | USD 19.83 0.22 1.10% |
Check Enerplus financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enerplus main balance sheet or income statement drivers, such as Depreciation And Amortization of 324.6 M, Interest Expense of 22.7 M or Selling General Administrative of 65.9 M, as well as many exotic indicators such as Price To Sales Ratio of 1.82, Dividend Yield of 0.0142 or PTB Ratio of 2.89. Enerplus financial statements analysis is a perfect complement when working with Enerplus Valuation or Volatility modules.
Enerplus | Enterprise Value over EBIT |
About Enerplus Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Enerplus income statement, its balance sheet, and the statement of cash flows. Enerplus investors use historical funamental indicators, such as Enerplus's Enterprise Value over EBIT, to determine how well the company is positioned to perform in the future. Although Enerplus investors may use each financial statement separately, they are all related. The changes in Enerplus's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enerplus's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Enerplus Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enerplus. Please read more on our technical analysis and fundamental analysis pages.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada. Enerplus Corp operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 435 people.
Enerplus Investors Sentiment
The influence of Enerplus' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enerplus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enerplus' public news can be used to forecast risks associated with an investment in Enerplus. The trend in average sentiment can be used to explain how an investor holding Enerplus can time the market purely based on public headlines and social activities around Enerplus. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enerplus' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enerplus' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enerplus' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enerplus.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enerplus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enerplus' short interest history, or implied volatility extrapolated from Enerplus options trading.
Pair Trading with Enerplus
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enerplus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enerplus will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerplus Stock
| 0.96 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.98 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.89 | SD | SandRidge Energy | PairCorr |
| 0.98 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against Enerplus Stock
| 0.82 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
| 0.68 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enerplus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enerplus to buy it.
The correlation of Enerplus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enerplus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enerplus Correlation against competitors. For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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Is Enerplus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enerplus. If investors know Enerplus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enerplus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Dividend Share 0.23 | Earnings Share 2.09 | Revenue Per Share 7.229 | Quarterly Revenue Growth (0.21) |
The market value of Enerplus is measured differently than its book value, which is the value of Enerplus that is recorded on the company's balance sheet. Investors also form their own opinion of Enerplus' value that differs from its market value or its book value, called intrinsic value, which is Enerplus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enerplus' market value can be influenced by many factors that don't directly affect Enerplus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enerplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerplus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.