Should I buy or sell Enerplus stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ERF shares. View ERF analyst ratings or view top-rated stocks .

What is Enerplus' stock price target for 2024?

6 brokerages have issued twelve-month target prices for Enerplus' stock. Their ERF share price targets range from $18.85 to $25.00. On average, they predict the company's share price to reach $21.69 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price. View analysts price targets for ERF or view top-rated stocks among Wall Street analysts .

How have ERF shares performed in 2024?

Enerplus' stock was trading at $15.34 at the beginning of the year. Since then, ERF stock has increased by 32.8% and is now trading at $20.3650. View the best growth stocks for 2024 here .

Are investors shorting Enerplus?

Enerplus saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,050,000 shares, a decline of 28.6% from the March 15th total of 2,870,000 shares. Based on an average daily volume of 3,230,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the shares of the stock are short sold. View Enerplus' Short Interest .

When is Enerplus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our ERF earnings forecast .

How were Enerplus' earnings last quarter?

Enerplus Co. (NYSE:ERF) released its quarterly earnings data on Wednesday, February, 21st. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The oil and natural gas company had revenue of $437.10 million for the quarter. Enerplus had a trailing twelve-month return on equity of 40.36% and a net margin of 27.67%.

How often does Enerplus pay dividends? What is the dividend yield for Enerplus?

Enerplus declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 4th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, March 1st. This is a boost from the stock's previous quarterly dividend of $0.06. Read our dividend analysis for ERF .

Is Enerplus a good dividend stock?

Enerplus (NYSE:ERF) pays an annual dividend of $0.26 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 11.02% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ERF .

What ETFs hold Enerplus' stock?

ETFs with the largest weight of Enerplus (NYSE:ERF) stock in their portfolio include ProShares Merger ETF (MRGR) , AltShares Merger Arbitrage ETF (ARB) , IQ Merger Arbitrage ETF (MNA) , Avantis International Small Cap Value ETF (AVDV) and iShares International Small Cap Equity Factor ETF (ISCF) . Schwab International Small-Cap Equity ETF (SCHC) .

What is Ian C. Dundas' approval rating as Enerplus' CEO?

22 employees have rated Enerplus Chief Executive Officer Ian C. Dundas on Glassdoor.com . Ian C. Dundas has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Enerplus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enerplus investors own include Pennsylvania Real Estate Investment Trust (PEI) , Gran Tierra Energy (GTE) , CNBX Pharmaceuticals (CNBX) , Organigram (OGI) , Golar LNG Partners (GMLP) , KushCo (KSHB) , Matinas BioPharma (MTNB) , ADMA Biologics (ADMA) , DHT (DHT) and Bionano Genomics (BNGO) .

Who are Enerplus' major shareholders?

Enerplus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include GoalVest Advisory LLC (0.03%).

How do I buy shares of Enerplus?

Shares of ERF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ERF

Enerplus (ERF) Stock Price, News & Analysis

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Free ERF Stock Alerts

$20.36

-0.11 (-0.54%)

(As of 04/16/2024 ET)

Compare

Today's Range: $20.11
▼
$20.51
50-Day Range: $14.11
▼
$20.67
52-Week Range: $13.46
▼
$20.97

Volume: 1.57 million shs
Average Volume: 3.07 million shs
Market Capitalization: $4.16 billion

P/E Ratio: 9.70
Dividend Yield: 1.28%
Price Target: $21.69

Get Enerplus alerts:

Enerplus MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 6.5% Upside
$21.69 Price Target
Short Interest: Healthy
1.06% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.73
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.56%
From $2.06 to $2.36 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.97 out of 5 stars

Oils/Energy Sector

121st out of 239 stocks

Crude Petroleum & Natural Gas Industry

43rd out of 76 stocks

1.5

Analyst's Opinion

Consensus Rating
Enerplus has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Enerplus has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.06% of the float of Enerplus has been sold short.
Short Interest Ratio / Days to Cover
Enerplus has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Enerplus has recently decreased by 28.57%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Enerplus pays a meaningful dividend of 1.26%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Enerplus has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Enerplus is 12.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Enerplus will have a dividend payout ratio of 11.02% next year. This indicates that Enerplus will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERF.

3.2

News and Social Media Coverage

News Sentiment
Enerplus has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Enerplus this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for ERF on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
7 people have added Enerplus to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enerplus insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.41% of the stock of Enerplus is held by insiders.
Percentage Held by Institutions
58.42% of the stock of Enerplus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Enerplus are expected to grow by 14.56% in the coming year, from $2.06 to $2.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enerplus is 9.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enerplus is 9.70, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.94.
Price to Book Value per Share Ratio
Enerplus has a P/B Ratio of 3.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Enerplus Stock (NYSE:ERF)

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.

ERF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERF Stock News Headlines

April 15, 2024 | businesswire.com

ENERPLUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enerplus Corporation - ERF

April 14, 2024 | markets.businessinsider.com

Trican Well Service (TOLWF) Receives a Rating Update from a Top Analyst

April 16, 2024 | DTI (Ad)

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April 14, 2024 | americanbankingnews.com

Enerplus (NYSE:ERF) Coverage Initiated by Analysts at StockNews.com

April 12, 2024 | americanbankingnews.com

Enerplus Co. (NYSE:ERF) Receives Average Rating of "Buy" from Brokerages

April 8, 2024 | prnewswire.com

Chord Energy and Enerplus Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

April 8, 2024 | americanbankingnews.com

Enerplus Co. (NYSE:ERF) Expected to Earn Q2 2024 Earnings of $0.51 Per Share

April 6, 2024 | americanbankingnews.com

Capital One Financial Weighs in on Enerplus Co.'s FY2024 Earnings (NYSE:ERF)

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 6, 2024 | americanbankingnews.com

Enerplus (NYSE:ERF) Research Coverage Started at StockNews.com

March 1, 2024 | nasdaq.com

Ex-Dividend Reminder: LyondellBasell Industries, Suncor Energy and Enerplus

February 26, 2024 | businesswire.com

ENERPLUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enerplus Corporation - ERF

February 22, 2024 | prnewswire.com

Shareholder Alert: Ademi LLP investigates whether Enerplus Corporation has obtained a Fair Price in its transaction with Chord

February 22, 2024 | benzinga.com

Why Oil & Gas Exploration Company Enerplus Shares Are Surging Premarket Today

February 21, 2024 | marketwatch.com

Enerplus Shares Pop 9.6% on Proposed Combination With Chord Energy

February 21, 2024 | theglobeandmail.com

Enerplus Announces Fourth Quarter and Full Year 2023 Financial and Operating Results

February 21, 2024 | finance.yahoo.com

Enerplus: Q4 Earnings Snapshot

February 21, 2024 | msn.com

Chord Energy, Enerplus to Combine in $11 Billion Deal

February 21, 2024 | msn.com

Chord Energy, Canada’s Enerplus to combine into $11 billion company, with eye on ‘premier’ position in North Dakota’s Williston basin

February 21, 2024 | finance.yahoo.com

Enerplus Announces an 8% Increase to its Quarterly Cash Dividend for March 2024

February 21, 2024 | wsj.com

Chord Energy, Enerplus to Combine in $11 Billion Deal

February 21, 2024 | reuters.com

Chord Energy to buy Canada's Enerplus to boost Williston basin presence

February 21, 2024 | prnewswire.com

Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company with Top-Tier Shareholder Returns

February 9, 2024 | msn.com

Devon Energy Could Soon Join the Oil Patch Acquisition Binge

February 8, 2024 | msn.com

TSX declines as market sentiment stays cautious ahead of Canadian employment data

February 8, 2024 | msn.com

Devon Energy in bid to acquire Enerplus, sources say

February 8, 2024 | msn.com

Shale producer Devon Energy in bid to acquire Enerplus -sources

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/15 Dividend: 3/01/2024
Dividend Payable: 3/15/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:ERF
CUSIP: N/A
CIK: 1126874
Web: www.enerplus.com
Phone: (403) 298-2200
Fax: 403-298-2211
Employees: 404
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $21.69
High Stock Price Target: $25.00
Low Stock Price Target: $18.85
Potential Upside/Downside: +6.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.10
Trailing P/E Ratio: 9.67
Forward P/E Ratio: 9.86
P/E Growth: N/A
Net Income: $456.08 million
Net Margins: 27.67%
Pretax Margin: 33.49%
Return on Equity: 40.36%
Return on Assets: 23.44%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $1.69 billion
Price / Sales: 2.45
Cash Flow: $4.16 per share
Price / Cash Flow: 4.88
Book Value: $6.07 per share
Price / Book: 3.35

Miscellaneous

Outstanding Shares: 204,250,000
Free Float: 203,409,000
Market Cap: $4.15 billion
Optionable: Optionable
Beta: 1.99

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Key Executives

Mr. Ian Charles Dundas B.Com. (Age 56)
B.Comm., L.L.B., President, CEO & Non-Independent Director
Comp: $1.6M
Ms. Jodine Julene-Jenson Labrie B.Com.
B.Comm, C.A., CBV, Senior VP & CFO
Mr. Wade D. Hutchings (Age 51)
Senior VP & COO
Comp: $1.02M
Mr. David A. McCoy B.Comm.
Llb, VP, General Counsel & Corporate Secretary
Drew Mair
Manager of Investor Relations
Mr. Garth R. Doll
Vice President of Marketing & Midstream
Ms. Pamela Anne Ramotowski
Vice President of People & Culture
Ms. Shaina Brianne Morihira B.Com.
C.A., CPA, Vice President of Finance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ERF Stock Analysis - Frequently Asked Questions

Should I buy or sell Enerplus stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ERF shares.
View ERF analyst ratings or view top-rated stocks.
What is Enerplus' stock price target for 2024?: 6 brokerages have issued twelve-month target prices for Enerplus' stock. Their ERF share price targets range from $18.85 to $25.00. On average, they predict the company's share price to reach $21.69 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for ERF or view top-rated stocks among Wall Street analysts.
How have ERF shares performed in 2024?: Enerplus' stock was trading at $15.34 at the beginning of the year. Since then, ERF stock has increased by 32.8% and is now trading at $20.3650.
View the best growth stocks for 2024 here.
Are investors shorting Enerplus?: Enerplus saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,050,000 shares, a decline of 28.6% from the March 15th total of 2,870,000 shares. Based on an average daily volume of 3,230,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the shares of the stock are short sold.
View Enerplus' Short Interest.
When is Enerplus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ERF earnings forecast.
How were Enerplus' earnings last quarter?: Enerplus Co. (NYSE:ERF) released its quarterly earnings data on Wednesday, February, 21st. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The oil and natural gas company had revenue of $437.10 million for the quarter. Enerplus had a trailing twelve-month return on equity of 40.36% and a net margin of 27.67%.
How often does Enerplus pay dividends? What is the dividend yield for Enerplus?: Enerplus declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 4th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, March 1st. This is a boost from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for ERF.

Is Enerplus a good dividend stock?: Enerplus (NYSE:ERF) pays an annual dividend of $0.26 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 11.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERF.
What ETFs hold Enerplus' stock?: ETFs with the largest weight of Enerplus (NYSE:ERF) stock in their portfolio include ProShares Merger ETF (MRGR), AltShares Merger Arbitrage ETF (ARB), IQ Merger Arbitrage ETF (MNA), Avantis International Small Cap Value ETF (AVDV) and iShares International Small Cap Equity Factor ETF (ISCF).Schwab International Small-Cap Equity ETF (SCHC).
What is Ian C. Dundas' approval rating as Enerplus' CEO?: 22 employees have rated Enerplus Chief Executive Officer Ian C. Dundas on Glassdoor.com. Ian C. Dundas has an approval rating of 76% among the company's employees.
What other stocks do shareholders of Enerplus own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Enerplus investors own include Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), CNBX Pharmaceuticals (CNBX), Organigram (OGI), Golar LNG Partners (GMLP), KushCo (KSHB), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), DHT (DHT) and Bionano Genomics (BNGO).
Who are Enerplus' major shareholders?: Enerplus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include GoalVest Advisory LLC (0.03%).
How do I buy shares of Enerplus?: Shares of ERF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ERF) was last updated on 4/16/2024 by MarketBeat.com Staff

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Enerplus (ERF) Stock Price, News & Analysis

Enerplus MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Enerplus Stock (NYSE:ERF)

ERF Stock Price History

ERF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ERF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™