TSE:ERF

Enerplus (ERF) Stock Forecast, Price & News

C$19.60

+0.25 (+1.29%)

(As of 06/6/2023 ET)

Compare

Today's Range: C$19.01
▼
C$19.64
50-Day Range: C$18.72
▼
C$20.73
52-Week Range: C$14.48
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C$25.72

Volume: 339,339 shs
Average Volume: 684,982 shs
Market Capitalization: C$4.19 billion

P/E Ratio: 3.22
Dividend Yield: 1.53%
Price Target: C$25.20

Enerplus MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 28.6% Upside
C$25.20 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$90,764 Bought Last Quarter
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.

2.36 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Enerplus has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$25.20, Enerplus has a forecasted upside of 28.6% from its current price of C$19.60.
Amount of Analyst Coverage
Enerplus has only been the subject of 1 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 1.57%, 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 4.93%. 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 1 news article for Enerplus this week, compared to 3 articles on an average week.
Search Interest
Only 11 people have searched for ERF on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Enerplus to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enerplus insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$90,764.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.37% of the stock of Enerplus is held by insiders.
Percentage Held by Institutions
55.28% 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 3.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enerplus is 3.22, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 48.72.
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 3.70. 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 (TSE: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.

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ERF Stock News Headlines

June 6, 2023 | finance.yahoo.com

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

May 28, 2023 | americanbankingnews.com

Enerplus Co. (TSE:ERF) Declares Quarterly Dividend of $0.06

June 6, 2023 | Behind the Markets (Ad)

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May 20, 2023 | americanbankingnews.com

Q4 2023 Earnings Estimate for Enerplus Co. Issued By Capital One Financial (TSE:ERF)

May 19, 2023 | americanbankingnews.com

Q2 2023 Earnings Estimate for Enerplus Co. (TSE:ERF) Issued By Capital One Financial

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%

May 6, 2023 | americanbankingnews.com

Enerplus (TSE:ERF) Given New C$29.00 Price Target at Stifel Nicolaus

June 6, 2023 | Behind the Markets (Ad)

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May 4, 2023 | finance.yahoo.com

Enerplus Announces First Quarter 2023 Results

May 4, 2023 | finance.yahoo.com

Enerplus Announces Quarterly Cash Dividend for June 2023

April 29, 2023 | americanbankingnews.com

Enerplus Co. (TSE:ERF) Forecasted to Post FY2023 Earnings of $3.12 Per Share

April 28, 2023 | finance.yahoo.com

We Think Enerplus Corporation's (TSE:ERF) CEO Compensation Looks Fair

April 25, 2023 | markets.businessinsider.com

Barclays Sticks to Its Buy Rating for Enerplus (ERF)

April 24, 2023 | americanbankingnews.com

Enerplus (TSE:ERF) Upgraded by Barclays to Overweight

April 19, 2023 | americanbankingnews.com

Enerplus Co. (TSE:ERF) Expected to Post Q2 2023 Earnings of $0.78 Per Share

April 17, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp down on Monday (ERF)

April 14, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp up on Friday (ERF)

April 14, 2023 | americanbankingnews.com

Enerplus (TSE:ERF) PT Lowered to C$23.00 at Scotiabank

April 14, 2023 | americanbankingnews.com

Capital One Financial Brokers Cut Earnings Estimates for Enerplus Co. (TSE:ERF)

April 12, 2023 | markets.businessinsider.com

Enerplus (ERF) Gets a Buy from RBC Capital

April 12, 2023 | finance.yahoo.com

Oil Drillers See Costs Peaking in Fields From Texas to Canada

April 12, 2023 | finance.yahoo.com

Enerplus to Report First Quarter 2023 Results May 4

April 11, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp down on Tuesday (ERF)

April 10, 2023 | theglobeandmail.com

Closing Bell: Enerplus Corp up on Monday (ERF)

April 1, 2023 | americanbankingnews.com

Q3 2023 Earnings Forecast for Enerplus Co. (TSE:ERF) Issued By Capital One Financial

March 31, 2023 | americanbankingnews.com

Enerplus Co. to Post Q1 2023 Earnings of $0.85 Per Share, Capital One Financial Forecasts (TSE:ERF)

See More Headlines

ERF Price History

30 days | 90 days | 365 days | Advanced Chart

ERF Company Calendar

Ex-Dividend for 3/15 Dividend: 3/03/2023
Dividend Payable: 3/15/2023
Ex-Dividend for 6/15 Dividend: 5/30/2023
Today: 6/06/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 8/03/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Crude Petroleum & Natural Gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: TSE:ERF
CUSIP: N/A
CIK: N/A
Web: www.enerplus.com
Phone: +1-403-2982200
Fax: N/A
Employees: 435
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$25.20
High Stock Price Forecast: C$30.00
Low Stock Price Forecast: C$19.00
Forecasted Upside/Downside: +28.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.09
Trailing P/E Ratio: 3.22
Forward P/E Ratio: 5.62
P/E Growth: 0.25
Net Income: C$1.02 billion
Net Margins: 48.70%
Pretax Margin: N/A
Return on Equity: 117.48%
Return on Assets: 37.55%

Debt

Debt-to-Equity Ratio: 19.58
Current Ratio: 0.75
Quick Ratio: 0.61

Sales & Book Value

Annual Sales: C$2.09 billion
Price / Sales: 2.01
Cash Flow: C$0.17 per share
Price / Cash Flow: 117.18
Book Value: C$5.30 per share
Price / Book: 3.70

Miscellaneous

Outstanding Shares: 213,960,000
Free Float: N/A
Market Cap: C$4.19 billion
Optionable: Optionable
Beta: 2.86

Key Executives

Mr. Ian Charles Dundas B.Com. (Age 55)
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 50)
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

Ms. Pamela Anne Ramotowski
VP of People & Culture

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ERF Stock - Frequently Asked Questions

Should I buy or sell Enerplus stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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 2023?: 2 Wall Street analysts have issued 12-month target prices for Enerplus' shares. Their ERF share price forecasts range from C$19.00 to C$30.00. On average, they anticipate the company's stock price to reach C$25.20 in the next year. This suggests a possible upside of 28.6% 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 on January 1st, 2023. Since then, ERF shares have decreased by 18.0% and is now trading at C$19.60.
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, August 3rd 2023.
View our ERF earnings forecast.
How often does Enerplus pay dividends? What is the dividend yield for Enerplus?: Enerplus declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Wednesday, May 31st will be given a dividend of 0.055 per share on Thursday, June 15th. This represents a $0.22 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for ERF.
Is Enerplus a good dividend stock?: Enerplus (TSE:ERF) pays an annual dividend of C$0.30 per share and currently has a dividend yield of 1.57%. The dividend payout ratio is 4.93%. 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).
What is Enerplus' stock symbol?: Enerplus trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ERF."
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.
What is Enerplus' stock price today?: One share of ERF stock can currently be purchased for approximately C$19.60.
How much money does Enerplus make?: Enerplus (TSE:ERF) has a market capitalization of C$4.19 billion and generates C$2.09 billion in revenue each year. The oil and natural gas company earns C$1.02 billion in net income (profit) each year or C$6.09 on an earnings per share basis.
How many employees does Enerplus have?: The company employs 435 workers across the globe.
How can I contact Enerplus?: Enerplus' mailing address is The Dome Tower, 3000-333 7 Ave SW, CALGARY, AB T2P 2Z1, Canada. The official website for the company is www.enerplus.com. The oil and natural gas company can be reached via phone at +1-403-2982200.

This page (TSE:ERF) was last updated on 6/6/2023 by MarketBeat.com Staff

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Enerplus (ERF) Stock Forecast, Price & News

Enerplus MarketRank™ Forecast

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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Enerplus (TSE:ERF) Stock

ERF Stock News Headlines

ERF Price History

ERF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ERF Stock - Frequently Asked Questions

Overall MarketRank^™