Should I buy or sell Enerplus stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ERF shares. View ERF analyst ratings or view top-rated stocks .

What is Enerplus' stock price target for 2024?

5 brokers have issued 1-year price targets for Enerplus' shares. Their ERF share price targets range from C$22.00 to C$32.25. On average, they expect the company's stock price to reach C$25.89 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price. View analysts price targets for ERF or view top-rated stocks among Wall Street analysts .

How have ERF shares performed in 2023?

Enerplus' stock was trading at C$23.90 at the beginning of 2023. Since then, ERF stock has decreased by 16.0% and is now trading at C$20.08. View the best growth stocks for 2023 here .

When is Enerplus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our ERF earnings forecast .

How were Enerplus' earnings last quarter?

Enerplus Co. (TSE:ERF) announced its earnings results on Thursday, November, 2nd. The oil and natural gas company reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The oil and natural gas company earned $600.01 million during the quarter. Enerplus had a net margin of 40.96% and a trailing twelve-month return on equity of 62.71%.

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

Enerplus declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.06 per share on Friday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 29th. Read our dividend analysis for ERF .

Is Enerplus a good dividend stock?

Enerplus (TSE:ERF) pays an annual dividend of C$0.33 per share and currently has a dividend yield of 1.55%. The dividend payout ratio is 8.31%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ERF .

What other stocks do shareholders of Enerplus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enerplus investors own include Pengrowth Energy (PGH) , Whitecap Resources (WCP) , MEG Energy (MEG) , Enbridge (ENB) , Toronto-Dominion Bank (TD) , Pengrowth Energy (PGF) , Baytex Energy (BTE) , Canadian Natural Resources (CNQ) , Cenovus Energy (CVE) and Argonaut Gold (AR) .

How do I buy shares of Enerplus?

Shares of ERF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Enerplus Stock Price, News & Analysis (TSE:ERF)

C$20.08

-0.64 (-3.09%)

(As of 12/6/2023 ET)

Compare

Today's Range: C$20.05
▼
C$20.72
50-Day Range: C$20.08
▼
C$24.68
52-Week Range: C$17.65
▼
C$24.74

Volume: 907,092 shs
Average Volume: 578,077 shs
Market Capitalization: C$4.13 billion

P/E Ratio: 5.06
Dividend Yield: 1.64%
Price Target: C$25.89

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Enerplus MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 28.9% Upside
C$25.89 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.21 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Enerplus has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$25.89, Enerplus has a forecasted upside of 28.9% from its current price of C$20.08.
Amount of Analyst Coverage
Enerplus has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ERF.

1.7

Dividend Strength

Dividend Yield
Enerplus pays a meaningful dividend of 1.55%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Enerplus does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Enerplus is 8.31%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERF.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Enerplus this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for ERF on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enerplus insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.38% of the stock of Enerplus is held by insiders.
Percentage Held by Institutions
58.56% of the stock of Enerplus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Enerplus is 5.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enerplus is 5.06, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 103.55.
Price to Earnings Growth Ratio
Enerplus has a PEG Ratio of 0.25. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Enerplus has a P/B Ratio of 3.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Enerplus Stock (TSE:ERF)

Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.

ERF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERF Stock News Headlines

December 7, 2023 | americanbankingnews.com

Enerplus (TSE:ERF) Given New C$23.00 Price Target at Desjardins

November 28, 2023 | americanbankingnews.com

Enerplus (TSE:ERF) Share Price Crosses Below Two Hundred Day Moving Average of $21.67

December 7, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

November 8, 2023 | finance.yahoo.com

The Trend Of High Returns At Enerplus (TSE:ERF) Has Us Very Interested

November 4, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Hold Rating on Enerplus (ERF)

November 4, 2023 | markets.businessinsider.com

Enerplus (ERF) Receives a Rating Update from a Top Analyst

November 3, 2023 | finance.yahoo.com

Enerplus Announces December Quarterly Dividend

October 25, 2023 | finance.yahoo.com

Investors in Enerplus (TSE:ERF) have seen massive returns of 886% over the past three years

December 7, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

October 11, 2023 | markets.businessinsider.com

Enerplus (ERF) Receives a Buy from RBC Capital

October 5, 2023 | finance.yahoo.com

Enerplus to Report Third Quarter 2023 Results November 2

September 21, 2023 | finance.yahoo.com

ExxonMobil (XOM) to Develop DAC Technology to Capture CO2

September 11, 2023 | finance.yahoo.com

Zacks Investment Ideas feature highlights: Enerplus, Valero Energy and Parr Pacific

August 24, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp down on Wednesday (ERF)

August 23, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp up on Tuesday (ERF)

August 22, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Enerplus (ERF) is a Great Choice

August 20, 2023 | finance.yahoo.com

Enerplus Corporation's (TSE:ERF) Stock Is Going Strong: Is the Market Following Fundamentals?

August 11, 2023 | seekingalpha.com

Enerplus GAAP EPS of $0.34 misses by $0.13, revenue of $357.9M

August 9, 2023 | nasdaq.com

Enerplus Corporation Q2 Profit Decreases, misses estimates

August 9, 2023 | finance.yahoo.com

Enerplus Announces Second Quarter 2023 Results; Updates Guidance; Updates 2023 Return of Capital; Increases Dividend

July 7, 2023 | finance.yahoo.com

Enerplus to Report Second Quarter 2023 Results August 9

July 7, 2023 | finance.yahoo.com

3 Stocks Under $20 to Buy Now Before They Get Pricey

June 22, 2023 | finance.yahoo.com

Enerplus Releases its 2023 ESG Report

June 21, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp up on Wednesday (ERF)

June 6, 2023 | finance.yahoo.com

Enerplus Announces Granting of Exemptive Relief Regarding its Normal Course Issuer Bid Program

May 18, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp up on Thursday (ERF)

May 18, 2023 | finance.yahoo.com

Those who invested in Enerplus (TSE:ERF) three years ago are up 409%

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/30/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/02/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 12/07/2023
Dividend Payable: 12/15/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:ERF
CUSIP: N/A
CIK: N/A
Web: www.enerplus.com
Phone: +1-403-2982200
Fax: N/A
Employees: 379
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$25.89
High Stock Price Target: C$32.25
Low Stock Price Target: C$22.00
Potential Upside/Downside: +28.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.97
Trailing P/E Ratio: 5.06
Forward P/E Ratio: 5.06
P/E Growth: 0.25
Net Income: C$670.08 million
Net Margins: 40.96%
Pretax Margin: N/A
Return on Equity: 62.71%
Return on Assets: 21.19%

Debt

Debt-to-Equity Ratio: 23.15
Current Ratio: 0.87
Quick Ratio: 0.61

Sales & Book Value

Annual Sales: C$1.64 billion
Price / Sales: 2.52
Cash Flow: C$0.17 per share
Price / Cash Flow: 117.18
Book Value: C$5.85 per share
Price / Book: 3.43

Miscellaneous

Outstanding Shares: 205,530,000
Free Float: N/A
Market Cap: C$4.13 billion
Optionable: Not Optionable
Beta: 2.73

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Key Executives

Mr. Ian Charles Dundas B.Com. (Age 55)
B.Comm., L.L.B., President, CEO & Non-Independent Director
Comp: $2.16M
Ms. Jodine Julene-Jenson Labrie B.Com.
B.Comm, C.A., CBV, Senior VP & CFO
Mr. Wade D. Hutchings (Age 50)
Senior VP & COO
Comp: $1.38M
Mr. David A. McCoy B.Comm.
Llb, VP, General Counsel & Corporate Secretary
Drew Mair
Manager of Investor Relations
Mr. Garth R. Doll
Vice President of Marketing & Midstream
Ms. Pamela Anne Ramotowski
Vice President of People & Culture
Ms. Shaina Brianne Morihira B.Com.
C.A., CPA, Vice President of Finance

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ERF Stock Analysis - Frequently Asked Questions

Should I buy or sell Enerplus stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ERF shares.
View ERF analyst ratings or view top-rated stocks.
What is Enerplus' stock price target for 2024?: 5 brokers have issued 1-year price targets for Enerplus' shares. Their ERF share price targets range from C$22.00 to C$32.25. On average, they expect the company's stock price to reach C$25.89 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price.
View analysts price targets for ERF or view top-rated stocks among Wall Street analysts.
How have ERF shares performed in 2023?: Enerplus' stock was trading at C$23.90 at the beginning of 2023. Since then, ERF stock has decreased by 16.0% and is now trading at C$20.08.
View the best growth stocks for 2023 here.
When is Enerplus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our ERF earnings forecast.
How were Enerplus' earnings last quarter?: Enerplus Co. (TSE:ERF) announced its earnings results on Thursday, November, 2nd. The oil and natural gas company reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The oil and natural gas company earned $600.01 million during the quarter. Enerplus had a net margin of 40.96% and a trailing twelve-month return on equity of 62.71%.

How often does Enerplus pay dividends? What is the dividend yield for Enerplus?: Enerplus declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.06 per share on Friday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for ERF.
Is Enerplus a good dividend stock?: Enerplus (TSE:ERF) pays an annual dividend of C$0.33 per share and currently has a dividend yield of 1.55%. The dividend payout ratio is 8.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ERF.
What other stocks do shareholders of Enerplus own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Enerplus investors own include Pengrowth Energy (PGH), Whitecap Resources (WCP), MEG Energy (MEG), Enbridge (ENB), Toronto-Dominion Bank (TD), Pengrowth Energy (PGF), Baytex Energy (BTE), Canadian Natural Resources (CNQ), Cenovus Energy (CVE) and Argonaut Gold (AR).
How do I buy shares of Enerplus?: Shares of ERF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ERF) was last updated on 12/7/2023 by MarketBeat.com Staff

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Enerplus Stock Price, News & Analysis (TSE:ERF)

Enerplus MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Enerplus Stock (TSE:ERF)

ERF Stock Price History

ERF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ERF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™