Why Enerplus Corp (ERF) Stock Is Falling Today

NEW YORK (TheStreet) -- Enerplus Corp (ERF) stock is sliding on first-quarter revenue lower than analysts expected. By early afternoon, shares had tumbled 4.8% to $20.86. 

Over its March-ending quarter, revenue of $375.14 million missed expectations of $479.45 million, according to analysts surveyed by Thomson Reuters. Net income of 19 cents a share exceeded estimates by a penny. 

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Separately, TheStreet Ratings team rates ENERPLUS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ENERPLUS CORP (ERF) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 find that the company has favored debt over equity in the management of its balance sheet."

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