Enerplus (TSE:ERF) Stock Price Down 3.4% – Here’s What Happened

Enerplus Co. (TSE:ERF) (NYSE:ERF) shares dropped 3.4% during mid-day trading on Monday . The company traded as low as C$26.62 and last traded at C$26.78. Approximately 527,222 shares were traded 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 Trading Down 3.4 %

The stock has a 50-day moving average of C$26.92. The firm has a market capitalization of C$5.47 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.25 and a beta of 2.64. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 15.94.

About Enerplus

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.