Enerplus (TSE:ERF) Trading Down 3.4% – Here’s Why

Enerplus Co. (TSE:ERFGet Free Report) (NYSE:ERF) was down 3.4% on Tuesday . The company traded as low as C$26.62 and last traded at C$26.78. Approximately 527,222 shares changed hands during trading, a decline of 20% from the average daily volume of 657,688 shares. The stock had previously closed at C$27.71.

Enerplus Stock Performance

The stock has a fifty day moving average of C$26.78. The firm has a market cap of C$5.47 billion, a P/E ratio of 10.98, a PEG ratio of 0.25 and a beta of 2.64. The company has a debt-to-equity ratio of 15.94, a current ratio of 0.70 and a quick ratio of 0.61.

Enerplus Company Profile

(Get Free Report)

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.

Further Reading

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