Enerplus - ERF Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ERF shares.
View ERF analyst ratings or view top-rated stocks.

9 equities research analysts have issued 12-month target prices for Enerplus' stock. Their ERF share price forecasts range from $17.00 to $30.00. On average, they expect the company's share price to reach $22.89 in the next year. This suggests a possible upside of 68.8% 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 $10.58 on January 1st, 2022. Since then, ERF stock has increased by 28.2% and is now trading at $13.56.
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Enerplus saw a increase in short interest in July. As of July 31st, there was short interest totaling 6,250,000 shares, an increase of 24.0% from the July 15th total of 5,040,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.7% of the company's stock are sold short.
View Enerplus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ERF earnings forecast.

Enerplus Co. (NYSE:ERF) released its quarterly earnings results on Friday, November, 8th. The oil and natural gas company reported $0.21 earnings per share (EPS) 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 the consensus estimate of $251 million. Enerplus had a net margin of 28.82% and a trailing twelve-month return on equity of 81.63%. During the same quarter in the previous year, the company earned $0.35 EPS.

Enerplus announced a quarterly dividend on Monday, August 8th. Investors of record on Wednesday, August 31st will be given a dividend of $0.05 per share on Thursday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, August 30th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for ERF.

Enerplus (NYSE:ERF) pays an annual dividend of $0.17 per share and currently has a dividend yield of 1.27%. 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 8.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERF will have a dividend payout ratio of 5.69% 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 variety of retail and institutional investors. Top institutional shareholders include Ninepoint Partners LP (4.25%), Connor Clark & Lunn Investment Management Ltd. (1.87%), Fiera Capital Corp (0.99%), TD Asset Management Inc. (0.62%), Mackenzie Financial Corp (0.53%) and Cibc World Market Inc. (0.41%).

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 $13.56.

Enerplus (NYSE:ERF) has a market capitalization of $3.19 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 $2.00 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.