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TSE:ERF

Enerplus - ERF Stock Forecast, Price & News

C$18.13
+0.81 (+4.68%)
(As of 08/11/2022 04:00 PM ET)
Add
Compare
Today's Range
C$17.59
C$18.30
50-Day Range
C$15.31
C$22.63
52-Week Range
C$6.12
C$23.29
Volume
1.10 million shs
Average Volume
1.68 million shs
Market Capitalization
C$4.21 billion
P/E Ratio
14.28
Dividend Yield
1.48%
Price Target
C$20.29

Enerplus MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.7% Upside
C$20.29 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of Enerplus in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
C$219,732 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.

2.20 out of 5 stars

ERF stock logo

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.

Enerplus Price Performance

TSE:ERF opened at C$17.32 on Thursday. Enerplus has a 52 week low of C$6.12 and a 52 week high of C$23.29. The firm has a market cap of C$4.03 billion and a price-to-earnings ratio of 13.64. The firm's 50-day simple moving average is C$17.98 and its 200 day simple moving average is C$16.77. The company has a debt-to-equity ratio of 81.69, a quick ratio of 0.56 and a current ratio of 0.58.

Enerplus (TSE:ERF - Get Rating) (NYSE:ERF) last released its quarterly earnings results on Thursday, August 4th. The oil and natural gas company reported C$0.89 EPS for the quarter, missing analysts' consensus estimates of C$0.96 by C($0.07). The company had revenue of C$801.57 million for the quarter. As a group, sell-side analysts predict that Enerplus will post 2.99 earnings per share for the current year.

Enerplus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Enerplus's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 30th. Enerplus's dividend payout ratio (DPR) is currently 10.92%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Senior Officer Ian Charles Dundas acquired 2,000 shares of Enerplus stock in a transaction on Thursday, June 23rd. The shares were purchased at an average cost of C$16.47 per share, for a total transaction of C$32,932.40. Following the completion of the purchase, the insider now directly owns 321,852 shares of the company's stock, valued at approximately C$5,299,679.40.

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ERF Stock News Headlines

Enerplus Corporation Q2 Earnings Summary
Enerplus (ERF) Shares Cross Below 200 DMA
Enerplus Announces Sale of Certain Canadian Assets
Enerplus Corp stock decreased on Friday.
See More Headlines
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ERF Company Calendar

Ex-Dividend for 6/15 Dividend
5/26/2022
Dividend Payable
6/15/2022
Last Earnings
8/04/2022
Today
8/11/2022
Ex-Dividend for 9/15 Dividend
8/30/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$20.29
High Stock Price Forecast
C$32.00
Low Stock Price Forecast
C$14.00
Forecasted Upside/Downside
+11.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.92 billion
Cash Flow
C$0.11 per share
Book Value
C$3.11 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.21 billion
Optionable
Optionable
Beta
N/A

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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enerplus in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street 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?

8 equities research analysts have issued 1-year price targets for Enerplus' shares. Their ERF share price forecasts range from C$14.00 to C$32.00. On average, they expect the company's stock price to reach C$20.29 in the next year. This suggests a possible upside of 11.9% 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 2022?

Enerplus' stock was trading at C$13.34 on January 1st, 2022. Since then, ERF stock has increased by 35.9% and is now trading at C$18.13.
View the best growth stocks for 2022 here
.

When is Enerplus' next earnings date?

The company 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. (TSE:ERF) posted its quarterly earnings data on Thursday, August, 4th. The oil and natural gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.07. The oil and natural gas company earned $801.57 million during the quarter.

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

Enerplus announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Wednesday, August 31st will be paid a dividend of 0.05 per share on Thursday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, August 30th. This is an increase from the stock's previous quarterly dividend of C$0.04.
Read our dividend analysis for ERF
.

Is Enerplus a good dividend stock?

Enerplus (TSE:ERF) pays an annual dividend of C$0.14 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 10.92%. 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$18.13.

How much money does Enerplus make?

Enerplus (TSE:ERF) has a market capitalization of C$4.21 billion and generates C$1.92 billion in revenue each year.

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 8/11/2022 by MarketBeat.com Staff

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