Overall market sentiment has been high on Enerplus Corp (ERF) stock lately. ERF receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Enerplus Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ERF!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ERF Stock Today?
Enerplus Corp (ERF) stock has gained 2.08% while the S&P 500 is lower by -0.31% as of 2:21 PM on Wednesday, Oct 5. ERF is higher by $0.32 from the previous closing price of $15.38 on volume of 1,447,531 shares. Over the past year the S&P 500 is down -12.12% while ERF is higher by 87.35%. ERF earned $2.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.15.
To see InvestorsObserver's Sentiment Score for Enerplus Corp click here.
More About Enerplus Corp
Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. Majority of oil production is derived from the Williston and Waterfloods basins, 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.
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