Enerplus Stock Probability Of Bankruptcy

ERF Stock  USD 19.66  0.28  1.44%   
Enerplus' probability of distress is under 7% at the present time. It has tiny risk of undergoing some form of financial hardship in the near future. Enerplus' Probability Of Bankruptcy is determined by interpolating and adjusting Enerplus Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Enerplus balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Enerplus Piotroski F Score and Enerplus Altman Z Score analysis.
For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.
  

Enerplus Probability Of Bankruptcy Analysis

Enerplus' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
 2021 2022 2023 2024 (projected)
Cost Of Revenue794.0M996.7M1.0B1.1B
EBITDA742.5M1.6B962.6M750.2M

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Enerplus Probability Of Bankruptcy

    
  Less than 7%  
Most of Enerplus' fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enerplus is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Enerplus probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Enerplus odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Enerplus financial health.
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.

Enerplus Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Enerplus is extremely important. It helps to project a fair market value of Enerplus Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Enerplus' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Enerplus' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Enerplus' interrelated accounts and indicators.
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Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition

Based on the latest financial disclosure, Enerplus has a Probability Of Bankruptcy of 7.0%. This is 85.48% lower than that of the Oil, Gas & Consumable Fuels sector and 85.62% lower than that of the Energy industry. The probability of bankruptcy for all United States stocks is 82.43% higher than that of the company.

Enerplus Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enerplus' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Enerplus could also be used in its relative valuation, which is a method of valuing Enerplus by comparing valuation metrics of similar companies.
Enerplus is currently under evaluation in probability of bankruptcy category among related companies.

Enerplus Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.12(0.1)(0.63)0.470.220.23
Asset Turnover0.590.720.661.210.820.86
Gross Profit Margin0.370.210.120.40.580.59
Net Debt388.9M323.7M669.3M244.4M145.7M138.4M
Total Current Liabilities321.5M306.3M621.4M503.2M478.4M294.2M
Non Current Liabilities Total516.1M423.7M759.3M358.2M362.8M344.6M
Total Assets2.0B1.2B2.0B1.9B2.1B2.8B
Total Current Assets282.6M181.6M306.0M407.7M383.3M218.9M
Total Cash From Operating Activities531.5M350.0M604.8M1.2B938.2M538.0M

Enerplus Fundamentals

About Enerplus Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Enerplus's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enerplus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enerplus based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

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

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Moving against Enerplus Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Enerplus is a strong investment it is important to analyze Enerplus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Enerplus' future performance. For an informed investment choice regarding Enerplus Stock, refer to the following important reports:
Check out Enerplus Piotroski F Score and Enerplus Altman Z Score analysis.
For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.