NEW YORK ( TheStreet) -- Enerplus (NYSE: ERF) hit a new 52-week low Thursday as it is currently trading at $20.59, below its previous 52-week low of $20.97 with 667,674 shares traded as of 10:05 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Enerplus has a market cap of $4.22 billion and is part of the basic materials sector and energy industry. Shares are down 12.7% year to date as of the close of trading on Wednesday. Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in United States and Canada. As of December 31, 2011, it had 322 MMBOE of proved plus probable reserves. The company has a P/E ratio of 36.9, above the average energy industry P/E ratio of 10.1 and above 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 good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Enerplus Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.