Enerplus - ERF Stock Forecast, Price & News

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 Stock Performance

Shares of ERF Stock opened at C$18.56 on Thursday. The company has a market cap of C$4.31 billion and a price-to-earnings ratio of 14.61. Enerplus has a 52 week low of C$6.12 and a 52 week high of C$23.29. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 81.69. The firm has a 50 day moving average of C$17.70 and a 200-day moving average of C$16.91.

Enerplus (TSE:ERF - Get Rating) (NYSE:ERF) last posted its quarterly earnings results on Thursday, August 4th. The oil and natural gas company reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.96 by C($0.07). The company had revenue of C$801.57 million for the quarter. On average, equities analysts forecast that Enerplus will post 2.99 earnings per share for the current year.

Enerplus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Tuesday, August 30th. This is a positive change from Enerplus's previous quarterly dividend of $0.04. Enerplus's payout ratio is presently 10.92%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ERF. CIBC decreased their price target on shares of Enerplus from C$28.00 to C$25.00 in a research report on Wednesday, July 13th. Stifel Nicolaus lifted their price target on shares of Enerplus from C$30.00 to C$32.00 in a report on Monday, August 8th. Finally, Scotiabank raised shares of Enerplus from a "sector perform" rating to a "buy" rating and boosted their target price for the stock from C$20.00 to C$25.00 in a research note on Wednesday, June 8th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$20.29.

Insider Buying and Selling at Enerplus

In other Enerplus news, Senior Officer Ian Charles Dundas acquired 10,000 shares of the business's stock in a transaction dated Friday, June 17th. The stock was bought at an average price of C$18.68 per share, with a total value of C$186,800.00. Following the completion of the acquisition, the insider now owns 319,852 shares of the company's stock, valued at C$5,974,835.36.