Enerplus Common Stock vs Total Assets Analysis

ERF Stock

USD 20.51 0.07 0.34%

Enerplus financial indicator trend analysis is much more than just examining Enerplus latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerplus is a good investment. Please check the relationship between Enerplus Common Stock and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Common Stock account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Enerplus' Common Stock and Total Assets is 0.82. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Common Stock and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Enerplus are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., Enerplus' Common Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Common Stock

Total Assets

Total assets refers to the total amount of Enerplus assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Enerplus books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Enerplus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerplus current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.At this time, Enerplus' Sales General And Administrative To Revenue is most likely to slightly decrease in the upcoming years.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	794.0M	996.7M	1.0B	1.1B
EBITDA	742.5M	1.6B	962.6M	750.2M

Cost Of Revenue Ebitda

Enerplus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Other Assets	Other Liab	Net Tangible Assets	Long Term Debt
Total Assets		0.72	0.28	0.5	0.98	0.96	0.71	0.41	0.61	-0.23	1.0	0.64	-0.23	0.21	0.18	0.91	0.55	0.96	0.23	0.01	0.05	0.25	-0.32	0.95	-0.15	0.6
Short Long Term Debt Total	0.72		0.5	0.37	0.6	0.59	0.97	0.02	0.16	-0.23	0.71	0.31	-0.24	-0.11	0.36	0.89	0.23	0.83	-0.03	0.02	-0.14	0.2	-0.28	0.63	-0.19	0.94
Other Current Liab	0.28	0.5		0.53	0.18	0.2	0.56	0.04	0.02	-0.43	0.27	-0.03	-0.43	0.33	0.14	0.29	-0.07	0.39	0.24	0.07	0.2	0.24	-0.19	0.12	0.3	0.33
Total Current Liabilities	0.5	0.37	0.53		0.41	0.49	0.38	-0.1	0.77	-0.16	0.47	0.34	-0.17	0.69	0.52	0.37	0.27	0.58	0.74	0.32	0.71	0.72	0.1	0.4	0.23	0.08
Total Stockholder Equity	0.98	0.6	0.18	0.41		0.94	0.58	0.51	0.59	-0.14	0.97	0.65	-0.14	0.21	0.13	0.83	0.55	0.87	0.15	0.06	0.02	0.2	-0.34	0.92	-0.07	0.5
Property Plant And Equipment Net	0.96	0.59	0.2	0.49	0.94		0.62	0.52	0.7	-0.34	0.97	0.64	-0.34	0.22	0.01	0.86	0.6	0.92	0.31	-0.16	0.1	0.16	-0.32	0.97	-0.29	0.45
Net Debt	0.71	0.97	0.56	0.38	0.58	0.62		0.09	0.18	-0.46	0.72	0.28	-0.47	-0.1	0.22	0.89	0.25	0.84	0.02	-0.12	-0.13	0.13	-0.37	0.66	-0.28	0.89
Retained Earnings	0.41	0.02	0.04	-0.1	0.51	0.52	0.09		0.18	-0.31	0.44	0.47	-0.31	-0.17	-0.7	0.3	0.48	0.25	-0.13	-0.39	-0.32	-0.55	-0.59	0.47	-0.25	0.1
Accounts Payable	0.61	0.16	0.02	0.77	0.59	0.7	0.18	0.18		-0.13	0.6	0.6	-0.13	0.57	0.27	0.44	0.58	0.59	0.7	0.12	0.47	0.56	0.02	0.64	-0.13	-0.06
Cash	-0.23	-0.23	-0.43	-0.16	-0.14	-0.34	-0.46	-0.31	-0.13		-0.28	0.0	1.0	-0.01	0.41	-0.32	-0.19	-0.34	-0.19	0.52	0.01	0.17	0.47	-0.37	0.39	-0.15
Non Current Assets Total	1.0	0.71	0.27	0.47	0.97	0.97	0.72	0.44	0.6	-0.28		0.65	-0.28	0.16	0.12	0.92	0.57	0.96	0.21	-0.07	0.02	0.19	-0.33	0.96	-0.21	0.6
Non Currrent Assets Other	0.64	0.31	-0.03	0.34	0.65	0.64	0.28	0.47	0.6	0.0	0.65		0.0	-0.08	-0.01	0.55	0.96	0.56	0.07	-0.13	-0.11	0.02	-0.15	0.61	-0.29	0.3
Cash And Short Term Investments	-0.23	-0.24	-0.43	-0.17	-0.14	-0.34	-0.47	-0.31	-0.13	1.0	-0.28	0.0		-0.01	0.41	-0.32	-0.19	-0.34	-0.18	0.52	0.01	0.17	0.47	-0.37	0.39	-0.15
Net Receivables	0.21	-0.11	0.33	0.69	0.21	0.22	-0.1	-0.17	0.57	-0.01	0.16	-0.08	-0.01		0.43	-0.08	-0.15	0.19	0.8	0.49	0.76	0.74	0.09	0.09	0.56	-0.4
Common Stock Shares Outstanding	0.18	0.36	0.14	0.52	0.13	0.01	0.22	-0.7	0.27	0.41	0.12	-0.01	0.41	0.43		0.16	-0.16	0.24	0.24	0.77	0.42	0.86	0.32	0.03	0.46	0.21
Non Current Liabilities Total	0.91	0.89	0.29	0.37	0.83	0.86	0.89	0.3	0.44	-0.32	0.92	0.55	-0.32	-0.08	0.16		0.5	0.95	0.06	-0.14	-0.17	0.13	-0.34	0.9	-0.4	0.83
Other Stockholder Equity	0.55	0.23	-0.07	0.27	0.55	0.6	0.25	0.48	0.58	-0.19	0.57	0.96	-0.19	-0.15	-0.16	0.5		0.51	0.08	-0.33	-0.13	-0.08	-0.18	0.59	-0.44	0.21
Total Liab	0.96	0.83	0.39	0.58	0.87	0.92	0.84	0.25	0.59	-0.34	0.96	0.56	-0.34	0.19	0.24	0.95	0.51		0.31	-0.07	0.08	0.3	-0.26	0.91	-0.25	0.68
Property Plant And Equipment Gross	0.23	-0.03	0.24	0.74	0.15	0.31	0.02	-0.13	0.7	-0.19	0.21	0.07	-0.18	0.8	0.24	0.06	0.08	0.31		0.17	0.66	0.56	0.18	0.2	0.08	-0.29
Total Current Assets	0.01	0.02	0.07	0.32	0.06	-0.16	-0.12	-0.39	0.12	0.52	-0.07	-0.13	0.52	0.49	0.77	-0.14	-0.33	-0.07	0.17		0.33	0.67	0.14	-0.16	0.7	-0.04
Short Term Debt	0.05	-0.14	0.2	0.71	0.02	0.1	-0.13	-0.32	0.47	0.01	0.02	-0.11	0.01	0.76	0.42	-0.17	-0.13	0.08	0.66	0.33		0.63	0.32	-0.03	0.5	-0.43
Current Deferred Revenue	0.25	0.2	0.24	0.72	0.2	0.16	0.13	-0.55	0.56	0.17	0.19	0.02	0.17	0.74	0.86	0.13	-0.08	0.3	0.56	0.67	0.63		0.27	0.14	0.45	-0.06
Other Assets	-0.32	-0.28	-0.19	0.1	-0.34	-0.32	-0.37	-0.59	0.02	0.47	-0.33	-0.15	0.47	0.09	0.32	-0.34	-0.18	-0.26	0.18	0.14	0.32	0.27		-0.31	0.06	-0.34
Other Liab	0.95	0.63	0.12	0.4	0.92	0.97	0.66	0.47	0.64	-0.37	0.96	0.61	-0.37	0.09	0.03	0.9	0.59	0.91	0.2	-0.16	-0.03	0.14	-0.31		-0.39	0.53
Net Tangible Assets	-0.15	-0.19	0.3	0.23	-0.07	-0.29	-0.28	-0.25	-0.13	0.39	-0.21	-0.29	0.39	0.56	0.46	-0.4	-0.44	-0.25	0.08	0.7	0.5	0.45	0.06	-0.39		-0.29
Long Term Debt	0.6	0.94	0.33	0.08	0.5	0.45	0.89	0.1	-0.06	-0.15	0.6	0.3	-0.15	-0.4	0.21	0.83	0.21	0.68	-0.29	-0.04	-0.43	-0.06	-0.34	0.53	-0.29

Click cells to compare fundamentals

Enerplus Account Relationship Matchups

Enerplus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.2B	2.0B	1.9B	2.1B	2.8B
Short Long Term Debt Total	505.0M	413.5M	730.7M	282.4M	212.4M	201.8M
Other Current Liab	2.1M	15.1M	143.2M	120.7M	91.6M	71.8M
Total Current Liabilities	321.5M	306.3M	621.4M	503.2M	478.4M	294.2M
Total Stockholder Equity	1.1B	420.1M	609.3M	1.1B	1.2B	1.7B
Property Plant And Equipment Net	1.2B	492.4M	1.3B	1.4B	1.5B	2.2B
Net Debt	388.9M	323.7M	669.3M	244.4M	145.7M	138.4M
Retained Earnings	(1.5B)	(2.3B)	(2.2B)	(1.5B)	(1.2B)	(1.3B)
Accounts Payable	142.1M	113.4M	260.8M	288.2M	294.1M	169.1M
Cash	116.1M	89.8M	61.3M	38M	66.7M	50.2M
Non Current Assets Total	1.7B	968.5M	1.7B	1.5B	1.7B	2.6B
Non Currrent Assets Other	10.6M	1.0	9.8M	21.2M	5.9M	5.6M
Cash And Short Term Investments	116.1M	89.8M	61.3M	38M	66.7M	52.4M
Net Receivables	156.1M	83.4M	228.0M	276.6M	268.4M	281.9M
Common Stock Shares Outstanding	231.3M	222.5M	259.9M	242.7M	217.9M	162.8M
Liabilities And Stockholders Equity	2.0B	1.2B	2.0B	1.9B	2.1B	2.8B
Non Current Liabilities Total	516.1M	423.7M	759.3M	358.2M	362.8M	344.6M
Other Stockholder Equity	45.5M	39.7M	50.9M	50.5M	44.5M	42.3M
Total Liab	837.7M	729.9M	1.4B	861.4M	841.1M	1.1B
Property Plant And Equipment Gross	1.6B	627.9M	13.2B	7.3B	7.9B	8.3B
Total Current Assets	282.6M	181.6M	306.0M	407.7M	383.3M	218.9M
Accumulated Other Comprehensive Income	236.0M	251.0M	(297.3M)	(301.3M)	(346.5M)	(329.2M)
Short Term Debt	94.6M	91.9M	111.2M	94.3M	92.7M	97.3M
Current Deferred Revenue	86.5M	82.8M	85.9M	106.2M	122.2M	81.7M
Other Assets	1.0	607.0M	390.6M	176.2M	202.6M	212.7M
Other Liab	138.0M	130.2M	139.9M	170.0M	195.5M	215.1M
Net Tangible Assets	1.3B	535.7M	609.3M	1.1B	1.2B	1.3B
Long Term Debt	500.6M	386.6M	601.2M	178.9M	105.4M	100.2M
Common Stock Total Equity	3.4B	3.3B	3.1B	3.1B	3.6B	3.7B
Inventory	8.1M	2.8M	5.7M	36.5M	3.2M	3.0M
Other Current Assets	2.3M	5.6M	11.0M	56.6M	45.0M	47.2M
Short Long Term Debt	106.0M	103.8M	100.6M	80.6M	92.7M	79.1M
Common Stock	2.4B	2.4B	3.1B	2.8B	2.7B	3.3B
Property Plant Equipment	1.6B	627.9M	1.3B	1.4B	1.2B	2.0B
Long Term Debt Total	500.6M	386.6M	601.2M	178.9M	205.8M	195.5M
Capital Surpluse	59.5M	50.6M	50.9M	50.5M	58.0M	50.9M
Capital Lease Obligations	53.1M	36.8M	28.9M	22.9M	26.4M	20.6M

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

0.94	AR	Antero Resources Corp	Pair Corr
0.98	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.9	SD	SandRidge Energy	Pair Corr
0.97	SM	SM Energy	Pair Corr

Moving against Enerplus Stock

0.8

Empire Petroleum Corp

Pair Corr

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 Correlation Correlation 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:

How To Invest In Enerplus

Details

Is Enerplus Stock a good investment?

Details

What is Enerplus' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.

You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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.

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Enerplus Common Stock vs Total Assets Analysis

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

Correlation Coefficient

Common Stock

Total Assets

Enerplus fundamental ratios Correlations

Enerplus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enerplus fundamental ratios Accounts

Pair Trading with Enerplus

Moving together with Enerplus Stock

Moving against Enerplus Stock

Complementary Tools for Enerplus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.7	Retained Earnings
Other Assets	- 0.59	Retained Earnings
Current Deferred Revenue	- 0.55	Retained Earnings
Cash And Short Term Investments	- 0.47	Net Debt
Cash	- 0.46	Net Debt
Net Tangible Assets	- 0.44	Other Stockholder Equity