Enerplus (ERF) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ERF shares.
View ERF analyst ratings or view top-rated stocks.

5 brokerages have issued 12-month target prices for Enerplus' stock. Their ERF share price forecasts range from $20.00 to $33.00. On average, they predict the company's share price to reach $25.43 in the next twelve months. This suggests a possible upside of 81.8% from the stock's current price.
View analysts price targets for ERF or view top-rated stocks among Wall Street analysts.

Enerplus' stock was trading at $17.65 on January 1st, 2023. Since then, ERF shares have decreased by 20.7% and is now trading at $13.99.
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Enerplus saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,990,000 shares, an increase of 5.3% from the April 15th total of 3,790,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.9% of the company's stock are short sold.
View Enerplus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ERF earnings forecast.

Enerplus Co. (NYSE:ERF) released its earnings results on Friday, November, 8th. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.01. The oil and natural gas company had revenue of $256.81 million for the quarter, compared to the consensus estimate of $251 million. Enerplus had a net margin of 44.08% and a trailing twelve-month return on equity of 72.62%. During the same period in the previous year, the firm posted $0.35 EPS.

Enerplus declared a quarterly dividend on Thursday, May 4th. Investors of record on Wednesday, May 31st will be given a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for ERF.

ETFs with the largest weight of Enerplus (NYSE:ERF) stock in their portfolio include iShares International Small Cap Equity Factor ETF (ISCF).iShares North American Natural Resources ETF (IGE).

Enerplus (NYSE:ERF) pays an annual dividend of $0.22 per share and currently has a dividend yield of 1.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 10.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERF.

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.

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).

Enerplus trades on the New York Stock Exchange (NYSE) under the ticker symbol "ERF."

Enerplus' stock is owned by many different retail and institutional investors. Top institutional investors include Kimmeridge Energy Management Company LLC (3.62%), Wellington Management Group LLP (2.74%), Aventail Capital Group LP (1.85%), SIR Capital Management L.P. (1.64%), Palo Duro Investment Partners LP (1.55%) and Acadian Asset Management LLC (1.35%).

Shares of ERF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ERF stock can currently be purchased for approximately $13.99.

Enerplus (NYSE:ERF) has a market capitalization of $3.00 billion and generates $2.16 billion in revenue each year. The oil and natural gas company earns $914.30 million in net income (profit) each year or $4.32 on an earnings per share basis.

The company employs 435 workers across the globe.

Enerplus' mailing address is THE DOME TOWER 3000 - 333 7TH AVENUE SW, CALGARY A0, T2P 2Z1. The official website for the company is www.enerplus.com. The oil and natural gas company can be reached via phone at (403) 298-2200, via email at investorrelations@enerplus.com, or via fax at 403-298-2211.