Enerplus (ERF) Stock Forecast, Price & News

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

6 Wall Street research analysts have issued twelve-month target prices for Enerplus' shares. Their ERF share price forecasts range from $10.00 to $24.00. On average, they expect the company's share price to reach $18.21 in the next twelve months. This suggests a possible upside of 5.6% 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 at the beginning of the year. Since then, ERF shares have decreased by 2.3% and is now trading at $17.2450.
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Enerplus saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,240,000 shares, a drop of 35.1% from the August 15th total of 4,990,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.6% of the company's shares are sold short.
View Enerplus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ERF earnings forecast.

Enerplus Co. (NYSE:ERF) posted its earnings results on Wednesday, August, 9th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by $0.04. The oil and natural gas company earned $350.94 million during the quarter. Enerplus had a net margin of 41.72% and a trailing twelve-month return on equity of 57.30%.

Enerplus announced a quarterly dividend on Wednesday, August 9th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.06 per share on Friday, September 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, August 30th. This is a positive change from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for ERF.

iShares International Developed Small Cap Value Factor ETF holds 67,575 shares of ERF stock, representing 0.66% of its portfolio.

Enerplus (NYSE:ERF) pays an annual dividend of $0.25 per share and currently has a dividend yield of 1.48%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 9.16% 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 a number of institutional and retail investors. Top institutional investors include Encompass Capital Advisors LLC (2.20%), Palo Duro Investment Partners LP (2.00%), Westwood Holdings Group Inc. (1.95%), Alliancebernstein L.P. (1.12%), Acadian Asset Management LLC (1.09%) and Bank of Montreal Can (0.89%).

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 $17.25.

Enerplus (NYSE:ERF) has a market capitalization of $3.62 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 $3.67 on an earnings per share basis.

The company employs 379 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.