Enerplus Stock Z Score
| ERF Stock | USD 20.27 0.12 0.60% |
Enerplus | Z Score |
Enerplus Company Z Score Analysis
Enerplus' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Enerplus Z Score 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 Z Score. 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.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Enerplus has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.
Enerplus Z Score 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 Z Score 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 z score category among related companies.
Enerplus Current Valuation Drivers
We derive many important indicators used in calculating different scores of Enerplus from analyzing Enerplus' financial statements. These drivers represent accounts that assess Enerplus' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Enerplus' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.6B | 2.2B | 888.0M | 4.1B | 3.7B | 2.3B | |
| Enterprise Value | 3.3B | 2.8B | 2.5B | 1.2B | 1.1B | 1.0B |
Enerplus Institutional Holders
Institutional Holdings refers to the ownership stake in Enerplus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enerplus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enerplus' value.| Shares | Alliancebernstein L.p. | 2023-12-31 | 2.2 M | Aventail Capital Group, Lp | 2023-12-31 | 2.1 M | Allspring Global Investments Holdings, Llc | 2023-12-31 | 1.9 M | American Century Companies Inc | 2023-12-31 | 1.9 M | Balyasny Asset Management Llc | 2023-12-31 | 1.7 M | Renaissance Technologies Corp | 2023-12-31 | 1.7 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.7 M | Amvescap Plc. | 2023-12-31 | 1.6 M | Riposte Capital Llc | 2023-09-30 | 1.6 M | Royal Bank Of Canada | 2023-12-31 | 9.6 M | Wellington Management Company Llp | 2023-12-31 | 8.5 M |
Enerplus Fundamentals
| Return On Equity | 0.4 | ||||
| Return On Asset | 0.18 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 4.23 B | ||||
| Shares Outstanding | 203.26 M | ||||
| Shares Owned By Insiders | 0.29 % | ||||
| Shares Owned By Institutions | 62.24 % | ||||
| Number Of Shares Shorted | 2.05 M | ||||
| Price To Earning | 5.92 X | ||||
| Price To Book | 3.42 X | ||||
| Price To Sales | 2.77 X | ||||
| Revenue | 1.69 B | ||||
| Gross Profit | 1.67 B | ||||
| EBITDA | 962.58 M | ||||
| Net Income | 456.08 M | ||||
| Cash And Equivalents | 38 M | ||||
| Cash Per Share | 0.19 X | ||||
| Total Debt | 212.45 M | ||||
| Debt To Equity | 0.49 % | ||||
| Current Ratio | 0.65 X | ||||
| Book Value Per Share | 6.07 X | ||||
| Cash Flow From Operations | 938.19 M | ||||
| Short Ratio | 0.67 X | ||||
| Earnings Per Share | 2.09 X | ||||
| Price To Earnings To Growth | 0.10 X | ||||
| Target Price | 21.14 | ||||
| Number Of Employees | 404 | ||||
| Beta | 2.65 | ||||
| Market Capitalization | 4.1 B | ||||
| Total Asset | 2.07 B | ||||
| Retained Earnings | (1.21 B) | ||||
| Working Capital | (95.07 M) | ||||
| Current Asset | 159.13 M | ||||
| Current Liabilities | 180.15 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.66 % | ||||
| Net Asset | 2.07 B | ||||
| Last Dividend Paid | 0.23 |
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.
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 Tomorrow | PairCorr |
| 0.98 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.89 | SD | SandRidge Energy | PairCorr |
| 0.97 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against Enerplus Stock
| 0.81 | EP | Empire Petroleum Corp | 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 Enerplus Piotroski F Score and Enerplus Valuation 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.