Enerplus Non Current Assets Total vs Total Liab Analysis
ERF Stock | USD 20.06 0.13 0.65% |
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 Non Current Assets Total and its Total Liab 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.
Non Current Assets Total vs Total Liab
Non Current Assets Total vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Non Current Assets Total account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Enerplus' Non Current Assets Total and Total Liab is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Liab in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Non Current Assets Total and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Enerplus are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Current Assets Total i.e., Enerplus' Non Current Assets Total and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 |
Enerplus fundamental ratios Correlations
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Enerplus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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
0.87 | AR | Antero Resources Corp | PairCorr |
0.96 | PR | Permian Resources | PairCorr |
0.88 | SD | SandRidge Energy | PairCorr |
0.97 | SM | SM Energy | 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 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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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 (0.48) | Dividend Share 0.24 | Earnings Share 1.79 | Revenue Per Share 7.102 | Quarterly Revenue Growth (0.13) |
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.