Enerplus Stock Price, Forecast & Analysis (NYSE:ERF)

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

Enerplus declared a monthly dividend on Monday, October 21st. Investors of record on Thursday, October 31st will be given a dividend of $0.008 per share on Friday, November 15th. This represents a $0.10 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, October 30th. View Enerplus' Dividend History.

Enerplus announced that its board has authorized a stock repurchase plan on Thursday, March 22nd 2018, which permits the company to repurchase 17,100,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Enerplus Corp (NYSE:ERF) announced its earnings results on Friday, November, 8th. The oil and natural gas company reported $0.21 EPS 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 return on equity of 16.44% and a net margin of 32.90%. During the same quarter in the previous year, the business earned $0.35 earnings per share. View Enerplus' Earnings History.

Enerplus is scheduled to release their next quarterly earnings announcement on Friday, February 28th 2020. View Earnings Estimates for Enerplus.

8 brokerages have issued 12-month price targets for Enerplus' stock. Their forecasts range from $11.00 to $18.00. On average, they anticipate Enerplus' share price to reach $14.29 in the next twelve months. This suggests a possible upside of 125.7% from the stock's current price. View Analyst Price Targets for Enerplus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Enerplus.

Press coverage about ERF stock has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Enerplus earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Enerplus.

Enerplus saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,160,000 shares, an increase of 32.3% from the September 30th total of 3,900,000 shares. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 3.9 days. Currently, 2.2% of the company's stock are sold short. View Enerplus' Current Options Chain.

Some companies that are related to Enerplus include Parsley Energy (PE), Cimarex Energy (XEC), WPX Energy (WPX), Murphy Oil (MUR), Viper Energy Partners (VNOM), Magnolia Oil & Gas (MGY), Kosmos Energy (KOS), Black Stone Minerals (BSM), EQT (EQT), Vermilion Energy (VET), Crescent Point Energy (CPG), ARC Resources (AETUF), Tellurian (TELL), Matador Resources (MTDR) and DELEK GRP LTD/ADR (DGRLY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Enerplus investors own include Pengrowth Energy (PGH), ConocoPhillips (COP), Northrop Grumman (NOC), Baytex Energy (BTE), Brookfield Infrastructure Partners (BIP), Exxon Mobil (XOM), Yangarra Resources (YGR), Boeing (BA), Occidental Petroleum (OXY) and Valero Energy (VLO).

Enerplus' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (2.94%), Renaissance Group LLC (0.79%), Alberta Investment Management Corp (0.76%), River & Mercantile Asset Management LLP (0.61%), Greystone Managed Investments Inc. (0.59%) and Ninepoint Partners LP (0.49%).

ERF stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, JCIC Asset Management Inc., Addenda Capital Inc., Greystone Managed Investments Inc., Letko Brosseau & Associates Inc., Systematic Financial Management LP, Russell Investments Group Ltd. and Albert D Mason Inc..

ERF stock was acquired by a variety of institutional investors in the last quarter, including Foundry Partners LLC, River & Mercantile Asset Management LLP, Renaissance Group LLC, Massachusetts Financial Services Co. MA, Alberta Investment Management Corp, First Trust Advisors LP, Grace & White Inc. NY and Ninepoint Partners LP.

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

One share of ERF stock can currently be purchased for approximately $6.33.

Enerplus has a market capitalization of $1.42 billion and generates $997.46 million in revenue each year. The oil and natural gas company earns $291.84 million in net income (profit) each year or $1.09 on an earnings per share basis. Enerplus employs 399 workers across the globe.View Additional Information About Enerplus.

The official website for Enerplus is http://www.enerplus.com/.

Enerplus' mailing address is THE DOME TOWER 3000 - 333 7TH AVENUE SW, CALGARY A0, T2P 2Z1. The oil and natural gas company can be reached via phone at 403-298-2200 or via email at [email protected]