Active Broker’s Choice in Focus: Enerplus Corporation (NYSE:ERF), Sysorex Global (NASDAQ:SYRX)

Enerplus Corporation (NYSE:ERF) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.93% to close at $9.49 with the total traded volume of 2.32 Million shares. Enerplus Corp. (ERF) disclosed that its wholly-owned subsidiary, Enerplus Resources (USA) Corporation, has entered into a definitive contract to sell non-operated assets in North Dakota for total cash consideration of US$292 million or approximately C$385 million, subject to estimated cash tax of US$12 million and customary closing adjustments.

The divestment includes approximately 5,800 net acres primarily located on the Fort Berthold Indian Reservation with an average working interest per drilling spacing unit of 8%. Production from the Assets averaged approximately 5,000 BOE per day during the third quarter of 2016. The firm has institutional ownership of 28.30%, while insider ownership included 1.30%. Its price to sales ratio ended at 4.27. ERF attains analyst recommendation of 2.30 with week performance of 4.52%.

Sysorex Global (NASDAQ:SYRX) [Trend Analysis] moved down reacts as active mover, shares a decrease -34.88% to traded at $0.28 and the percentage gap between open changing to regular change was 21.19%. Sysorex (SYRX) declared that it has entered into definitive contracts with institutional investors for an offering of shares of common stock with gross proceeds of approximately $2.0 million in a registered direct offering.

The closing of the offering is expected to take place on or about December 15, 2016, subject to the satisfaction of customary closing conditions.In connection with the offering, the Company will issue approximately 5 million registered shares of common stock at a purchase price of $0.40 per share.

Concurrently in a private placement, the Company will issue approximately 3,750,000 million warrants. For each share of common stock purchased by an investor, such investor will receive from the Company an unregistered warrant to purchase three-quarters of a share of common stock. The warrants have an exercise price of 0.45 per share, will be exercisable upon the 6 month anniversary of the issue date, and will expire five and a half years from the original issue date. The firm’s current ratio calculated as 0.70 for the most recent quarter. The firm past twelve months price to sales ratio was 0.09 and price to cash ratio remained 10.03. As far as the returns are concern, the return on equity was recorded as -88.60% and return on investment was -32.70% while its return on asset stayed at -27.00%. The firm has total debt to equity ratio measured as 0.55.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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