Stock Rating Downgrade
The Value Trend Rating for Enerplus Corp (NYSE: ERF) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/1/24, Enerplus Corp (NYSE: ERF) stock rose slightly by 0.2%, closing at $17.77. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ERF is expected to continue to be a major Value Builder.
Enerplus has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Enerplus has a good Appreciation Score of 75 but a slightly negative Power Rating of 39, and the Neutral Value Trend Rating results.
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