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NYSE:ERF

Enerplus - ERF Stock Forecast, Price & News

$13.32
+0.18 (+1.37%)
(As of 08/8/2022 04:35 PM ET)
Add
Compare
Today's Range
$12.99
$13.47
50-Day Range
$11.71
$18.04
52-Week Range
$4.78
$18.58
Volume
1.94 million shs
Average Volume
2.66 million shs
Market Capitalization
$3.14 billion
P/E Ratio
6.66
Dividend Yield
1.29%
Price Target
$22.89

Enerplus MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
71.6% Upside
$22.89 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Enerplus in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.15%
From $2.69 to $2.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Oils/Energy Sector

50th out of 344 stocks

Crude Petroleum & Natural Gas Industry

28th out of 114 stocks

ERF stock logo

About Enerplus (NYSE:ERF) Stock

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.

Enerplus Trading Up 8.1 %

Shares of NYSE:ERF opened at $13.14 on Monday. Enerplus has a 1 year low of $4.78 and a 1 year high of $18.58. The stock has a market cap of $3.09 billion, a P/E ratio of 6.57 and a beta of 2.38. The firm has a 50-day moving average of $14.04 and a 200 day moving average of $13.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.41 and a quick ratio of 0.41.

Enerplus (NYSE:ERF - Get Rating) (TSE:ERF) last issued its quarterly earnings results on Thursday, May 5th. The oil and natural gas company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. The company had revenue of $513.15 million during the quarter. Enerplus had a net margin of 14.62% and a return on equity of 69.73%. As a group, sell-side analysts expect that Enerplus will post 2.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERF has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Enerplus from C$29.00 to C$30.00 in a report on Thursday, June 30th. CIBC raised their target price on shares of Enerplus from C$23.00 to C$28.00 in a research report on Wednesday, June 15th. TheStreet cut shares of Enerplus from a "b-" rating to a "c+" rating in a research report on Friday, July 15th. National Bank Financial raised their target price on shares of Enerplus from $24.00 to $29.00 in a research report on Thursday, June 16th. Finally, Scotiabank raised shares of Enerplus from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, June 8th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Enerplus has a consensus rating of "Buy" and an average price target of $22.89.

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ERF Stock News Headlines

Enerplus (NYSE:ERF) PT Raised to $26.00 at National Bankshares
Enerplus Co. (NYSE:ERF) Short Interest Update
Brokerages Set Enerplus Co. (NYSE:ERF) Price Target at $23.13
Enerplus (NYSE:ERF) Trading Down 3%
Enerplus (NYSE:ERF) Cut to C+ at TheStreet
Enerplus (NYSE:ERF) Stock Rating Lowered by TheStreet
Enerplus (NYSE:ERF) Rating Lowered to C+ at TheStreet
Enerplus (NYSE:ERF) Lowered to "C+" at TheStreet
Enerplus (NYSE:ERF) Stock Price Down 7%
See More Headlines
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ERF Company Calendar

Last Earnings
11/08/2019
Ex-Dividend for 6/15 Dividend
5/26/2022
Dividend Payable
6/15/2022
Today
8/08/2022
Ex-Dividend for 9/15 Dividend
8/30/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
435
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.89
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+71.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$234.44 million
Pretax Margin
42.61%

Debt

Sales & Book Value

Annual Sales
$963.90 million
Cash Flow
$2.17 per share
Book Value
$2.49 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.14 billion
Optionable
Optionable
Beta
2.38

Key Executives

  • Mr. Ian Charles Dundas B.Com. (Age 54)
    B.Comm., L.L.B., LLB, Pres, CEO & Non-Independent Director
    Comp: $1.35M
  • Ms. Jodine Julene-Jenson Labrie B.Com.
    B.Comm, C.A., CBV, Sr. VP & CFO
  • Mr. Wade D. Hutchings (Age 49)
    Sr. VP & COO
    Comp: $937.66k
  • Mr. David A. McCoy B.Comm.
    Llb, VP, Gen. Counsel & Corp. Sec.
  • Mr. Nathan Douglas Fisher
    VP of United States Bus. Unit
  • Drew Mair
    Mang. of Investor Relations
  • Mr. Garth R. Doll
    VP of Marketing
  • Mr. John E. Hoffman BSc
    P.Eng., VP of Digital Technology & Corp. Sustainability













ERF Stock - Frequently Asked Questions

Should I buy or sell Enerplus stock right now?

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.

What is Enerplus' stock price forecast for 2022?

9 analysts have issued 1-year target prices for Enerplus' shares. Their ERF stock forecasts range from $17.00 to $30.00. On average, they predict the company's stock price to reach $22.89 in the next twelve months. This suggests a possible upside of 72.7% from the stock's current price.
View analysts price targets for ERF
or view top-rated stocks among Wall Street analysts.

How has Enerplus' stock price performed in 2022?

Enerplus' stock was trading at $10.58 on January 1st, 2022. Since then, ERF shares have increased by 25.2% and is now trading at $13.25.
View the best growth stocks for 2022 here
.

Are investors shorting Enerplus?

Enerplus saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,040,000 shares, an increase of 24.4% from the June 30th total of 4,050,000 shares. Based on an average daily volume of 2,670,000 shares, the short-interest ratio is presently 1.9 days. Currently, 2.2% of the company's stock are short sold.
View Enerplus' Short Interest
.

When is Enerplus' next earnings date?

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

How were Enerplus' earnings last quarter?

Enerplus Co. (NYSE:ERF) posted 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 analysts' expectations 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 period last year, the firm posted $0.35 EPS.

How often does Enerplus pay dividends? What is the dividend yield for Enerplus?

Enerplus declared a quarterly dividend on Thursday, May 5th. Stockholders of record on Friday, May 27th will be paid a dividend of $0.043 per share on Wednesday, June 15th. This represents a $0.17 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 26th. This is a boost from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for ERF
.

Is Enerplus a good dividend stock?

Enerplus (NYSE:ERF) pays an annual dividend of $0.17 per share and currently has a dividend yield of 1.29%. 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.

What is Ian C. Dundas' approval rating as Enerplus' CEO?

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.

What other stocks do shareholders of Enerplus own?

What is Enerplus' stock symbol?

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

Who are Enerplus' major shareholders?

Enerplus' stock is owned by many different retail and institutional investors. Top institutional investors include Ninepoint Partners LP (4.25%), Connor Clark & Lunn Investment Management Ltd. (1.87%), TD Asset Management Inc. (0.62%), Hartree Partners LP (0.37%), Scotia Capital Inc. (0.22%) and National Bank of Canada FI (0.20%).

How do I buy shares of Enerplus?

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.
Compare Top Brokerages Here.

What is Enerplus' stock price today?

One share of ERF stock can currently be purchased for approximately $13.25.

How much money does Enerplus make?

Enerplus (NYSE:ERF) has a market capitalization of $3.12 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.

How many employees does Enerplus have?

Enerplus employs 435 workers across the globe.

How can I contact Enerplus?

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.

This page (NYSE:ERF) was last updated on 8/8/2022 by MarketBeat.com Staff

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