Enerplus Stock Falls On Unusually High Volume (ERF)

NEW YORK ( TheStreet) -- Enerplus (NYSE: ERF) is trading at unusually high volume Wednesday with 3.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 56 cents (-2.4%) at $23.12 as of 3:59 p.m. ET.

Enerplus has a market cap of $4.43 billion and is part of the basic materials sector and energy industry. Shares are down 6.5% year to date as of the close of trading on Tuesday.

Enerplus Corporation operates as an independent oil and gas producer. The company has a P/E ratio of 5.9, below the average energy industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Enerplus as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Enerplus Ratings Report.

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