ERF Stock Summary and Trading Ideas (Enerplus | NYSE:ERF)

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston basin, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners, and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.

Enerplus trades on the NYSE stock market under the symbol ERF.

As of April 26, 2024, ERF stock price climbed to $20.51 with 1,407,551 million shares trading.

ERF has a beta of 0.53, meaning it tends to be less sensitive to market movements. ERF has a correlation of 0.05 to the broad based SPY ETF.

ERF has a market cap of $4.17 billion. This is considered a Mid Cap stock.

In the last 3 years, ERF stock traded as high as $20.97 and as low as $4.78.

The top ETF exchange traded funds that ERF belongs to (by Net Assets): FCG, DFIC, DFIS, ISCF, DFAI.

ERF has outperformed the market in the last year with a return of +44.3%, while the SPY ETF gained +27.4%. In the last 3 month period, ERF beat the market returning +40.9%, while SPY returned +4.6%. However, in the most recent 2 weeks ERF has underperformed the stock market by returning -0.8%, while SPY returned -0.5%.

ERF support price is $20.20 and resistance is $20.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERF stock will trade within this expected range on the day.