Enerplus - ERF Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last twelve months. 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 brokers have issued 1-year target prices for Enerplus' stock. Their ERF share price forecasts range from $20.00 to $33.00. On average, they expect the company's share price to reach $24.13 in the next twelve months. This suggests a possible upside of 34.6% 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 $10.58 on January 1st, 2022. Since then, ERF stock has increased by 69.4% and is now trading at $17.92.
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Enerplus saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 5,740,000 shares, an increase of 22.9% from the October 31st total of 4,670,000 shares. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is presently 3.3 days. Approximately 2.6% of the shares of the company are short sold.
View Enerplus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our ERF earnings forecast.

Enerplus Co. (NYSE:ERF) issued its quarterly earnings results on Friday, November, 8th. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.01. The oil and natural gas company earned $256.81 million during the quarter, compared to analyst estimates of $251 million. Enerplus had a net margin of 34.14% and a trailing twelve-month return on equity of 88.11%. During the same quarter last year, the business posted $0.35 earnings per share.

Enerplus declared a quarterly dividend on Thursday, November 3rd. Investors of record on Wednesday, November 30th will be paid a dividend of $0.055 per share on Thursday, December 15th. This represents a $0.22 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for ERF.

Enerplus (NYSE:ERF) pays an annual dividend of $0.22 per share and currently has a dividend yield of 1.18%. 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 7.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 6.51% 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 shareholders include Vanguard Group Inc. (3.59%), Ninepoint Partners LP (3.56%), Kimmeridge Energy Management Company LLC (3.43%), Encompass Capital Advisors LLC (2.28%), Advisory Research Inc. (1.52%) and Boston Partners (1.43%).

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 $17.92.

Enerplus (NYSE:ERF) has a market capitalization of $4.02 billion and generates $963.90 million in revenue each year. The oil and natural gas company earns $234.44 million in net income (profit) each year or $2.94 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.