Enerplus
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The last earnings update was 45 days ago. More info.
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- Enerplus has significant price volatility in the past 3 months.
ERF Share Price and Events
7 Day Returns
1 Year Returns
ERF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Enerplus (ERF) | 4.7% | -5.3% | -16% | -38.4% | 27.2% | -63.4% |
| CA Oil and Gas | 1.5% | -1.5% | -4% | -14.5% | -11.8% | -38.6% |
| CA Market | 1.2% | 1.3% | 1% | -2.6% | 12.8% | 2.2% |
1 Year Return vs Industry and Market
- ERF underperformed the Oil and Gas industry which returned -14.5% over the past year.
- ERF underperformed the Market in Canada which returned -2.6% over the past year.
ERF Value
Is Enerplus undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Enerplus
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Enerplus.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.919 (1 + (1- 26.5%) (32.49%)) |
1.093 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.093 * 5.96%) |
8.46% |
Discounted Cash Flow Calculation for TSX:ERF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Enerplus is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 8.46%) |
|
|---|---|---|---|
| 2019 | 142.73 | Analyst x5 | 131.60 |
| 2020 | 241.24 | Analyst x3 | 205.07 |
| 2021 | 213.39 | Analyst x3 | 167.26 |
| 2022 | 292.00 | Analyst x1 | 211.02 |
| 2023 | 332.32 | Est @ 13.81% | 221.42 |
| 2024 | 366.37 | Est @ 10.25% | 225.08 |
| 2025 | 394.80 | Est @ 7.76% | 223.62 |
| 2026 | 418.54 | Est @ 6.01% | 218.58 |
| 2027 | 438.61 | Est @ 4.79% | 211.20 |
| 2028 | 455.89 | Est @ 3.94% | 202.40 |
| Present value of next 10 years cash flows | CA$2,017.25 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$455.89 × (1 + 1.95%) ÷ (8.46% – 1.95%) |
CA$7,137.14 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$7,137.14 ÷ (1 + 8.46%)10 |
CA$3,168.61 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$2,017.25 + CA$3,168.61 |
CA$5,185.86 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$5,185.86 / 234.15 |
CA$22.15 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$22.15 |
| Current discount | Discount to share price of
CA$9.83
= -1 x (CA$9.83 - CA$22.15) / CA$22.15 |
55.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Enerplus's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Enerplus's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Enerplus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Enerplus's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CAD | CA$1.51 |
| TSX:ERF Share Price ** | TSX (2019-06-21) in CAD | CA$9.83 |
| Canada Oil and Gas Industry PE Ratio | Median Figure of 59 Publicly-Listed Oil and Gas Companies | 13.75x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 15.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Enerplus.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:ERF Share Price ÷ EPS (both in CAD) = 9.83 ÷ 1.51 |
6.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enerplus is good value based on earnings compared to the CA Oil and Gas industry average.
- Enerplus is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does
Enerplus's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.49x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
0.1%per year |
| Canada Oil and Gas Industry PEG Ratio | Median Figure of 36 Publicly-Listed Oil and Gas Companies | 0.85x |
| Canada Market PEG Ratio | Median Figure of 248 Publicly-Listed Companies | 1.18x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.49x ÷ 0.1% |
65.85x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enerplus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Enerplus's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$8.23 |
| TSX:ERF Share Price * | TSX (2019-06-21) in CAD | CA$9.83 |
| Canada Oil and Gas Industry PB Ratio | Median Figure of 224 Publicly-Listed Oil and Gas Companies | 0.79x |
| Canada Market PB Ratio | Median Figure of 2,425 Publicly-Listed Companies | 1.43x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:ERF Share Price ÷ Book Value per Share (both in CAD) = 9.83 ÷ 8.23 |
1.19x |
* Primary Listing of Enerplus.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enerplus is overvalued based on assets compared to the CA Oil and Gas industry average.
Value checks
We assess Enerplus's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Enerplus has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ERF Future Performance
How is Enerplus expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Enerplus's earnings growth is positive but not above the low risk savings rate of 1.9%.
Growth vs Market Checks
- Enerplus's earnings growth is positive but not above the Canada market average.
- Enerplus's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:ERF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 0.1% |
| TSX:ERF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 17.7% |
| Canada Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 8.1% |
| Canada Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1,020 | |||
| 2021-12-31 | 897 | 322 | ||
| 2020-12-31 | 1,803 | 850 | 363 | 2 |
| 2019-12-31 | 1,689 | 776 | 300 | 2 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,229 | 688 | 368 |
| 2018-12-31 | 1,205 | 739 | 378 |
| 2018-09-30 | 1,154 | 652 | 144 |
| 2018-06-30 | 991 | 551 | 73 |
| 2018-03-31 | 898 | 508 | 190 |
| 2017-12-31 | 866 | 476 | 237 |
| 2017-09-30 | 819 | 416 | 1,062 |
| 2017-06-30 | 814 | 407 | 945 |
| 2017-03-31 | 768 | 370 | 647 |
| 2016-12-31 | 685 | 312 | 397 |
| 2016-09-30 | 666 | 314 | -1,068 |
| 2016-06-30 | 703 | 331 | -1,260 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Enerplus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 1.31 | 1.31 | 1.31 | 1.00 |
| 2020-12-31 | 1.47 | 1.67 | 1.35 | 3.00 |
| 2019-12-31 | 1.09 | 1.28 | 0.76 | 4.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.51 |
| 2018-12-31 | 1.55 |
| 2018-09-30 | 0.59 |
| 2018-06-30 | 0.30 |
| 2018-03-31 | 0.78 |
| 2017-12-31 | 0.98 |
| 2017-09-30 | 4.40 |
| 2017-06-30 | 3.92 |
| 2017-03-31 | 2.75 |
| 2016-12-31 | 1.75 |
| 2016-09-30 | -4.90 |
| 2016-06-30 | -6.02 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Enerplus will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Enerplus's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Enerplus has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ERF Past Performance
How has Enerplus performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Enerplus has delivered over 20% year on year earnings growth in the past 5 years.
- Enerplus's 1-year earnings growth exceeds its 5-year average (93.2% vs 26.5%)
- Enerplus's earnings growth has exceeded the CA Oil and Gas industry average in the past year (93.2% vs 11.1%).
Earnings and Revenue History
All data from Enerplus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,229.40 | 367.80 | 74.27 | |
| 2018-12-31 | 1,205.45 | 378.28 | 75.78 | |
| 2018-09-30 | 1,153.91 | 144.24 | 76.43 | |
| 2018-06-30 | 990.65 | 73.44 | 75.88 | |
| 2018-03-31 | 897.81 | 190.34 | 74.03 | |
| 2017-12-31 | 866.38 | 237.00 | 74.30 | |
| 2017-09-30 | 819.47 | 1,062.05 | 82.58 | |
| 2017-06-30 | 813.65 | 945.23 | 83.46 | |
| 2017-03-31 | 767.54 | 647.38 | 87.36 | |
| 2016-12-31 | 685.32 | 397.42 | 86.32 | |
| 2016-09-30 | 666.40 | -1,067.90 | 76.81 | |
| 2016-06-30 | 702.85 | -1,259.87 | 89.23 | |
| 2016-03-31 | 774.57 | -1,403.86 | 94.24 | |
| 2015-12-31 | 833.49 | -1,523.40 | 103.87 | |
| 2015-09-30 | 950.81 | -746.76 | 110.17 | |
| 2015-06-30 | 1,093.51 | -386.67 | 104.08 | |
| 2015-03-31 | 1,250.95 | -34.17 | 108.00 | |
| 2014-12-31 | 1,444.67 | 299.08 | 105.04 | |
| 2014-09-30 | 1,454.36 | 177.05 | 109.51 | |
| 2014-06-30 | 1,442.68 | 105.90 | 111.69 | |
| 2014-03-31 | 1,371.19 | 104.41 | 108.17 | |
| 2013-12-31 | 1,282.08 | 47.98 | 110.26 | |
| 2013-09-30 | 1,260.06 | -255.32 | 104.90 | |
| 2013-06-30 | 1,181.80 | -315.07 | 103.45 | |
| 2013-03-31 | 1,117.04 | -253.27 | 99.76 | |
| 2012-12-31 | 1,096.71 | -270.70 | 93.84 | |
| 2012-09-30 | 1,098.44 | -296.44 | 94.33 | |
| 2012-06-30 | 1,092.98 | -121.65 | 89.99 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Enerplus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Enerplus used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
- Enerplus has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Enerplus's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Enerplus has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ERF Health
How is Enerplus's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Enerplus's finances.
The net worth of a company is the difference between its assets and liabilities.
- Enerplus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Enerplus's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Enerplus Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,959.89 | 682.77 | 319.00 |
| 2018-12-31 | 2,000.99 | 696.85 | 363.33 |
| 2018-09-30 | 1,762.03 | 661.20 | 347.61 |
| 2018-06-30 | 1,708.92 | 672.20 | 360.42 |
| 2018-03-31 | 1,667.96 | 688.37 | 396.40 |
| 2017-12-31 | 1,600.77 | 672.38 | 346.55 |
| 2017-09-30 | 1,577.39 | 667.32 | 349.05 |
| 2017-06-30 | 1,616.37 | 693.13 | 385.06 |
| 2017-03-31 | 1,527.37 | 744.00 | 4.16 |
| 2016-12-31 | 1,460.51 | 768.83 | 1.26 |
| 2016-09-30 | 601.17 | 729.08 | 75.01 |
| 2016-06-30 | 701.66 | 723.32 | 49.17 |
| 2016-03-31 | 646.69 | 994.12 | 1.28 |
| 2015-12-31 | 897.75 | 1,223.68 | 7.50 |
| 2015-09-30 | 1,498.08 | 1,229.47 | 2.92 |
| 2015-06-30 | 1,698.12 | 1,121.68 | 1.00 |
| 2015-03-31 | 2,066.86 | 1,274.81 | 2.60 |
| 2014-12-31 | 2,223.13 | 1,136.93 | 3.65 |
| 2014-09-30 | 2,056.00 | 1,093.21 | 2.10 |
| 2014-06-30 | 1,949.91 | 1,069.59 | 2.00 |
| 2014-03-31 | 1,987.28 | 1,041.03 | 5.74 |
| 2013-12-31 | 1,932.30 | 1,040.85 | 5.28 |
| 2013-09-30 | 3,091.80 | 999.90 | 19.11 |
| 2013-06-30 | 3,130.41 | 1,159.91 | 11.82 |
| 2013-03-31 | 3,044.73 | 1,173.57 | 13.85 |
| 2012-12-31 | 1,951.24 | 1,104.21 | 5.20 |
| 2012-09-30 | 3,226.80 | 1,153.25 | |
| 2012-06-30 | 3,461.00 | 1,191.70 | 7.18 |
- Enerplus's level of debt (34.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (52.4% vs 34.8% today).
- Debt is well covered by operating cash flow (100.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
Financial health checks
We assess Enerplus's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Enerplus has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ERF Dividends
What is Enerplus's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Enerplus
shares you are expected to receive
CA$24
in your first year as a dividend.
Dividend Amount
- Enerplus's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.11%).
- Enerplus's dividend is below the markets top 25% of dividend payers in Canada (5.71%).
Upcoming dividend payment
Purchase Enerplus before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Canada Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 37 Stocks | 4.6% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 335 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 0.12 | 1.00 |
| 2021-12-31 | 0.12 | 2.00 |
| 2020-12-31 | 0.12 | 9.00 |
| 2019-12-31 | 0.12 | 9.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-18 | 0.120 | 1.232 |
| 2019-05-21 | 0.120 | 1.227 |
| 2019-04-18 | 0.120 | 1.008 |
| 2019-03-19 | 0.120 | 1.028 |
| 2019-02-15 | 0.120 | 1.055 |
| 2019-01-21 | 0.120 | 1.071 |
| 2018-12-17 | 0.120 | 1.074 |
| 2018-11-19 | 0.120 | 0.967 |
| 2018-10-19 | 0.120 | 0.952 |
| 2018-09-18 | 0.120 | 0.776 |
| 2018-08-20 | 0.120 | 0.761 |
| 2018-07-18 | 0.120 | 0.709 |
| 2018-05-17 | 0.120 | 0.739 |
| 2018-04-19 | 0.120 | 0.781 |
| 2018-03-19 | 0.120 | 0.824 |
| 2018-02-16 | 0.120 | 0.856 |
| 2018-01-19 | 0.120 | 0.886 |
| 2017-12-18 | 0.120 | 0.953 |
| 2017-11-20 | 0.120 | 1.055 |
| 2017-10-19 | 0.120 | 1.028 |
| 2017-09-18 | 0.120 | 1.025 |
| 2017-08-21 | 0.120 | 1.088 |
| 2017-07-20 | 0.120 | 1.075 |
| 2017-06-19 | 0.120 | 1.135 |
| 2017-05-16 | 0.120 | 1.104 |
| 2017-04-18 | 0.120 | 1.172 |
| 2017-03-17 | 0.120 | 1.137 |
| 2017-02-16 | 0.120 | 1.036 |
| 2017-01-20 | 0.120 | 1.002 |
| 2016-12-19 | 0.120 | 0.974 |
| 2016-11-18 | 0.120 | 1.037 |
| 2016-10-20 | 0.120 | 1.288 |
| 2016-09-19 | 0.120 | 1.361 |
| 2016-08-19 | 0.120 | 1.350 |
| 2016-07-19 | 0.120 | 1.406 |
| 2016-06-17 | 0.120 | 1.446 |
| 2016-04-21 | 0.120 | 1.712 |
| 2016-02-19 | 0.120 | 2.473 |
| 2016-02-18 | 0.360 | 8.750 |
| 2016-01-21 | 0.360 | 8.918 |
| 2015-12-18 | 0.360 | 9.120 |
| 2015-11-20 | 0.360 | 6.356 |
| 2015-10-20 | 0.600 | 8.901 |
| 2015-09-18 | 0.600 | 8.326 |
| 2015-08-20 | 0.600 | 8.079 |
| 2015-07-20 | 0.600 | 7.161 |
| 2015-06-19 | 0.600 | 5.631 |
| 2015-05-19 | 0.600 | 5.060 |
| 2015-04-20 | 0.600 | 4.214 |
| 2015-03-19 | 0.600 | 4.379 |
| 2015-02-17 | 1.080 | 8.494 |
| 2015-01-22 | 1.080 | 8.332 |
| 2014-12-18 | 1.080 | 10.007 |
| 2014-11-14 | 1.080 | 7.900 |
| 2014-10-20 | 1.080 | 6.581 |
| 2014-09-19 | 1.080 | 5.666 |
| 2014-08-26 | 1.080 | 4.796 |
| 2014-07-24 | 1.080 | 4.418 |
| 2014-06-27 | 1.080 | 4.189 |
| 2014-05-23 | 1.080 | 4.261 |
| 2014-04-24 | 1.080 | 4.539 |
| 2014-03-25 | 1.080 | 4.749 |
| 2014-02-21 | 1.080 | 5.039 |
| 2014-01-24 | 1.080 | 5.153 |
| 2013-12-20 | 1.080 | 5.562 |
| 2013-11-25 | 1.080 | 5.563 |
| 2013-10-25 | 1.080 | 5.845 |
| 2013-09-24 | 1.080 | 6.257 |
| 2013-08-26 | 1.080 | 6.089 |
| 2013-07-23 | 1.080 | 6.303 |
| 2013-06-26 | 1.080 | 6.683 |
| 2013-05-24 | 1.080 | 6.952 |
| 2013-04-23 | 1.080 | 7.284 |
| 2013-03-25 | 1.080 | 7.703 |
| 2013-02-21 | 1.080 | 7.535 |
| 2013-01-25 | 1.080 | 8.170 |
| 2012-12-21 | 1.080 | 8.237 |
| 2012-11-29 | 1.080 | 8.341 |
| 2012-10-30 | 1.080 | 7.987 |
| 2012-08-29 | 1.080 | 6.677 |
| 2012-07-31 | 1.080 | 7.257 |
| 2012-06-12 | 1.080 | 8.194 |
| 2012-05-29 | 2.160 | 15.504 |
| 2012-04-30 | 2.160 | 13.761 |
| 2012-03-29 | 2.160 | 11.278 |
| 2012-02-28 | 2.160 | 9.287 |
| 2012-01-31 | 2.160 | 9.030 |
| 2011-12-23 | 2.160 | 8.716 |
| 2011-11-29 | 2.160 | 8.412 |
| 2011-10-31 | 2.160 | 7.921 |
| 2011-09-29 | 2.160 | 8.127 |
| 2011-08-30 | 2.160 | 8.097 |
| 2011-07-29 | 2.160 | 7.803 |
| 2011-06-29 | 2.160 | 7.181 |
| 2011-05-31 | 2.160 | 7.155 |
| 2011-04-29 | 2.160 | 7.120 |
| 2011-03-31 | 2.160 | 7.183 |
| 2011-02-28 | 2.160 | 7.032 |
| 2011-01-31 | 2.160 | 6.901 |
| 2010-12-20 | 2.160 | 6.830 |
| 2010-11-30 | 2.160 | 7.237 |
| 2010-10-29 | 2.160 | 7.580 |
| 2010-08-31 | 2.160 | 8.355 |
| 2010-07-29 | 2.160 | 9.075 |
| 2010-06-30 | 2.160 | 9.289 |
| 2010-05-31 | 2.160 | 9.202 |
| 2010-04-29 | 2.160 | 9.220 |
| 2010-03-31 | 2.160 | 8.919 |
| 2010-02-26 | 2.160 | 9.071 |
| 2010-01-29 | 2.160 | 9.345 |
| 2009-12-18 | 2.160 | 8.976 |
| 2009-11-30 | 2.160 | 9.041 |
| 2009-10-30 | 2.160 | 8.924 |
| 2009-09-30 | 2.160 | 8.822 |
| 2009-08-31 | 2.160 | 9.146 |
| 2009-07-29 | 2.160 | 9.403 |
| 2009-06-30 | 2.160 | 9.329 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Enerplus's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Enerplus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Enerplus has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ERF Management
CEO
| COMPENSATION | CA$4,036,341 |
| AGE | 50 |
| TENURE AS CEO | 5.9 years |
CEO Bio
Mr. Ian Charles Dundas, B.Comm., LLB, has been the Chief Executive Officer and President at Enerplus Corporation since July 1, 2013. Mr. Dundas served as Chief Operating Officer at Enerplus Corporation from April 2011 to July 2013 and as its Executive Vice President from March 2010 to July 2013. Mr. Dundas served as an Executive Vice President at Enerplus Resources Fund since March 2010. Mr. Dundas served as Senior Vice President of Business Development at Enerplus Group since December 2002 and of Enermark Inc. from August 2004 to March 2010. He also served as Senior Vice President of Business and Development at Enerplus Resources Fund since July 2004. Prior to joining Enerplus, Mr. Dundas held several executive positions in the merchant banking business, where he helped oil and gas companies grow by accessing the funding and expertise they required. He served as Vice President and Director of Business & Development at Enermark Inc. since February 2003. He served as a Vice President of Merchant Capital at El Paso Merchant Energy Canada Inc. He served as Vice President of EGEM since August 2001. Prior thereto, he served as Chief Financial Officer and Vice President of Corporate Development at MedMira Inc., a publicly traded biotechnology company since 1999. From 1996 to 2000, he served as Associate, Manager and Director of the merchant capital group of Enron Canada Corp. Mr. Dundas has been a Director of Enerplus Corporation since July 1, 2013. Mr. Dundas is currently the Co-Chair of the YMCA Power of Potential Campaign Committee. Mr. Dundas serves as Member of Special Committee of Salamander Energy (Canada) Holdings Corp. He served as a Director of Mission Oil & Gas Inc. since November 11, 2004. Mr. Dundas served as a Director of SSP Offshore Inc. since December 2002 until September 2014. Mr. Dun das is a member of the Business Council of Canada and of the Board of Governors of the Canadian Association of Petroleum Producers. He served as a Director of Storm Resources Ltd. Mr. Dundas served as a Director of StarPoint Energy Ltd., an administrator of Starpoint Energy Trust. Mr. Dundas served as a Director of Crescent Point Resources Inc. He served as a Director of VenPath Investments Inc. since December 2002. He was admitted to the Alberta Bar in 1995. Mr. Dundas holds a Bachelor of Commerce (Distinction) degree from the University of Calgary and a Bachelor of Laws degree from the University of Alberta.
CEO Compensation
- Ian's compensation has been consistent with company performance over the past year, both up more than 20%.
- Ian's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Enerplus management team in years:
- The tenure for the Enerplus management team is about average.
Management Team
Ian Dundas
President
CA$4M
50
5.9 yrs
Jodi Labrie
Senior VP & CFO
CA$2M
3.8 yrs
Ray Daniels
Senior Vice President of Operations
CA$2M
2.4 yrs
Edward McLaughlin
President of U.S. Operations
CA$2M
62
7.1 yrs
Nathan Fisher
Vice President of U.S. Development & Geosciences
CA$1M
3.8 yrs
Drew Mair
Manager of Investor Relations
David McCoy
VP, General Counsel & Corporate Secretary
CA$815K
Garth Doll
Vice President of Marketing
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Enerplus board of directors in years:
- The tenure for the Enerplus board of directors is about average.
Board of Directors
Elliott Pew
Chairman of the Board
CA$307K
63
5 yrs
Ian Dundas
President
CA$4M
50
5.9 yrs
Bob Hodgins
Independent Director
CA$181K
67
11.6 yrs
Michael Culbert
Independent Director
CA$171K
61
5.3 yrs
Sue MacKenzie
Independent Director
CA$167K
58
7.9 yrs
Sheldon Steeves
Independent Director
CA$171K
64
7 yrs
Hilary Foulkes
Independent Director
CA$161K
60
5.3 yrs
Jeff Sheets
Independent Director
CA$170K
60
1.5 yrs
Karen Clarke-Whistler
Independent Director
62
0.5 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Enerplus individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20. Jun 19 | Buy | Garth Doll | Individual | 20. Jun 19 | 20. Jun 19 | 2,000 | CA$9.92 | CA$19,843 | ||
| 17. Jun 19 | Buy | Karen Clarke-Whistler | Individual | 17. Jun 19 | 17. Jun 19 | 1,000 | CA$9.11 | CA$9,110 | ||
| 16. Jun 19 | Buy | Ian Dundas | Individual | 14. Jun 19 | 14. Jun 19 | 1,000 | CA$8.94 | CA$8,937 | ||
| 13. Jun 19 | Buy | Shaina Morihira | Individual | 13. Jun 19 | 13. Jun 19 | 7,500 | CA$9.09 | CA$68,161 | ||
| 13. Jun 19 | Buy | Ian Dundas | Individual | 13. Jun 19 | 13. Jun 19 | 1,000 | CA$9.06 | CA$9,060 | ||
| 12. Jun 19 | Buy | Ian Dundas | Individual | 12. Jun 19 | 12. Jun 19 | 1,000 | CA$8.95 | CA$8,949 | ||
| 11. Jun 19 | Buy | Ian Dundas | Individual | 11. Jun 19 | 11. Jun 19 | 1,000 | CA$9.11 | CA$9,110 | ||
| 06. Jun 19 | Buy | Jodine J. Labrie | Individual | 06. Jun 19 | 06. Jun 19 | 5,000 | CA$9.35 | CA$46,772 | ||
| 21. Mar 19 | Sell | Garth Doll | Individual | 02. Mar 19 | 04. Mar 19 | -1,489 | CA$11.23 | CA$-16,680 | ||
| 21. Mar 19 | Sell | Terry Eichinger | Individual | 02. Mar 19 | 04. Mar 19 | -4,906 | CA$11.23 | CA$-54,928 | ||
| 21. Mar 19 | Sell | Nathan Fisher | Individual | 02. Mar 19 | 04. Mar 19 | -10,627 | CA$11.23 | CA$-119,057 | ||
| 21. Mar 19 | Sell | Shaina Morihira | Individual | 02. Mar 19 | 04. Mar 19 | -3,599 | CA$11.23 | CA$-40,323 | ||
| 21. Mar 19 | Sell | John Hoffman | Individual | 02. Mar 19 | 04. Mar 19 | -7,484 | CA$11.23 | CA$-83,819 | ||
| 21. Mar 19 | Sell | Daniel Fitzgerald | Individual | 02. Mar 19 | 04. Mar 19 | -6,689 | CA$11.23 | CA$-74,929 | ||
| 21. Mar 19 | Sell | Raymond Daniels | Individual | 02. Mar 19 | 04. Mar 19 | -19,552 | CA$11.23 | CA$-219,012 | ||
| 21. Mar 19 | Sell | Jodine J. Labrie | Individual | 02. Mar 19 | 04. Mar 19 | -16,682 | CA$11.23 | CA$-186,897 | ||
| 21. Mar 19 | Sell | Edward McLaughlin | Individual | 02. Mar 19 | 04. Mar 19 | -14,464 | CA$11.23 | CA$-162,024 | ||
| 21. Mar 19 | Sell | David McCoy | Individual | 02. Mar 19 | 04. Mar 19 | -7,906 | CA$11.23 | CA$-88,557 | ||
| 21. Mar 19 | Sell | Ian Dundas | Individual | 02. Mar 19 | 04. Mar 19 | -39,867 | CA$11.23 | CA$-446,637 | ||
| 07. Mar 19 | Buy | Nathan Fisher | Individual | 07. Mar 19 | 07. Mar 19 | 5,000 | CA$11.32 | CA$56,615 | ||
| 11. Jan 19 | Sell | Glen Roane | Individual | 11. Jan 19 | 11. Jan 19 | -20,000 | CA$12.05 | CA$-241,020 | ||
| 09. Jan 19 | Sell | Glen Roane | Individual | 09. Jan 19 | 09. Jan 19 | -20,000 | CA$11.78 | CA$-235,600 | ||
| 26. Dec 18 | Buy | Glen Roane | Individual | 24. Dec 18 | 24. Dec 18 | 10,000 | CA$9.83 | CA$98,300 | ||
| 21. Dec 18 | Buy | Ian Dundas | Individual | 21. Dec 18 | 21. Dec 18 | 2,000 | CA$10.25 | CA$20,499 | ||
| 20. Dec 18 | Buy | Ian Dundas | Individual | 20. Dec 18 | 20. Dec 18 | 2,000 | CA$10.92 | CA$21,830 | ||
| 19. Dec 18 | Buy | Glen Roane | Individual | 19. Dec 18 | 19. Dec 18 | 10,000 | CA$10.60 | CA$106,000 | ||
| 18. Dec 18 | Buy | Glen Roane | Individual | 18. Dec 18 | 18. Dec 18 | 20,000 | CA$10.94 | CA$218,800 | ||
| 14. Sep 18 | Buy | Edward McLaughlin | Individual | 13. Sep 18 | 13. Sep 18 | 4,000 | CA$15.25 | CA$60,981 | ||
| 07. Sep 18 | Buy | Jodine J. Labrie | Individual | 07. Sep 18 | 07. Sep 18 | 1,000 | CA$14.70 | CA$14,700 | ||
| 07. Sep 18 | Buy | Ian Dundas | Individual | 07. Sep 18 | 07. Sep 18 | 1,000 | CA$14.78 | CA$14,780 | ||
| 06. Sep 18 | Buy | Ian Dundas | Individual | 06. Sep 18 | 06. Sep 18 | 1,000 | CA$14.88 | CA$14,883 | ||
| 06. Sep 18 | Buy | Elliott Pew | Individual | 06. Sep 18 | 06. Sep 18 | 5,000 | CA$14.76 | CA$73,810 | ||
| 30. Aug 18 | Buy | Nathan Fisher | Individual | 30. Aug 18 | 30. Aug 18 | 1,500 | CA$16.63 | CA$24,944 | ||
| 29. Aug 18 | Sell | Glen Roane | Individual | 29. Aug 18 | 29. Aug 18 | -49,679 | CA$16.53 | CA$-821,095 | ||
| 28. Aug 18 | Sell | Glen Roane | Individual | 28. Aug 18 | 28. Aug 18 | -10,000 | CA$16.51 | CA$-165,050 | ||
Management checks
We assess Enerplus's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Enerplus has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ERF News
Simply Wall St News
What Type Of Shareholder Owns Enerplus Corporation's (TSE:ERF)?
Generally speaking, as a company grows, institutions will increase their ownership. … Enerplus has a market capitalization of CA$2.1b, so we would expect some institutional investors to have noticed the stock. … In the chart below below, we can see that institutions own shares in the company.
Simply Wall St - – Full articleIs Enerplus Corporation (TSE:ERF) An Attractive Dividend Stock?
Dividend paying stocks like Enerplus Corporation (TSE:ERF) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. A 1.2% yield is nothing to get excited about, but investors probably think the long payment history suggests Enerplus has some staying power. The company also bought back stock during the year, equivalent to approximately 4.1% of the company's market capitalisation at the time. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Conclusion To summarise, shareholders should always check that Enerplus's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … First, we like that the company's dividend payments appear well covered, although the retained capital also needs to be effectively reinvested.
Simply Wall St - – Full articleAn Intrinsic Calculation For Enerplus Corporation (TSE:ERF) Suggests It's 45% Undervalued
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CA$, Millions) CA$151.36 CA$249.63 CA$204.96 CA$292.00 CA$328.06 CA$358.33 CA$383.57 CA$404.72 CA$422.71 CA$438.33 Growth Rate Estimate Source Analyst x5 Analyst x4 Analyst x3 Analyst x1 Est @ 12.35% Est @ 9.23% Est @ 7.04% Est @ 5.51% Est @ 4.44% Est @ 3.7% Present Value (CA$, Millions) Discounted @ 8.61% CA$139.36 CA$211.60 CA$159.96 CA$209.81 CA$217.02 CA$218.25 CA$215.09 CA$208.95 CA$200.93 CA$191.83 Present Value of 10-year Cash Flow (PVCF)= CA$1.97b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 1.9%. … TSX:ERF Intrinsic value, May 21st 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.
Simply Wall St - – Full articleThese Fundamentals Make Enerplus Corporation (TSE:ERF) Truly Worth Looking At
ERF is a company with great financial health as well as a a great history of performance. … Take a look at our free research report of analyst consensus for ERF’s outlook. … The intrinsic value infographic in our free research report helps visualize whether ERF is currently mispriced by the market.
Simply Wall St - – Full articleWill Enerplus Corporation's (TSE:ERF) Earnings Grow Over The Next Year?
Help shape the future of investing tools and you could win a $250 gift card! … the consensus outlook from analysts appear somewhat bearish, … the higher past 5-year average growth rate of 22%.
Simply Wall St - – Full articleAll You Need To Know About Enerplus Corporation's (TSE:ERF) Financial Health
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Enerplus Corporation (TSE:ERF) with a market-capitalization of CA$2.9b, rarely draw their attention. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Today we will look at ERF’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Enerplus Corporation (TSE:ERF)
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Enerplus Corporation's (TSE:ERF) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHow Enerplus Corporation (TSE:ERF) Could Add Value To Your Portfolio
Looking at the company as a whole, as a potential stock investment, I believe ERF has a lot to offer. … is a company with great financial health as well as a. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleWhat Do Analysts Think About The Future Of Enerplus Corporation's (TSE:ERF)?
In December 2018, Enerplus Corporation (TSE:ERF) announced its most recent earnings update, whicha … indicated
Simply Wall St - – Full articleShareholders Are Thrilled That The Enerplus (TSE:ERF) Share Price Increased 138%
To wit, the Enerplus Corporation (TSE:ERF) share price has flown 138% in the last three years. … The last week saw the share price soften some 5.7%. … Given the importance of this milestone, it's not overly surprising that the share price has increased strongly
Simply Wall St - – Full articleERF Company Info
Description
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, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2018, it had proved plus probable gross reserves of approximately 12.7 million barrels (MMbbls) of light and medium crude oil; 28.4 MMbbls of heavy crude oil; 167.2 MMbbls of tight oil; 21.1 MMbbls of natural gas liquids; 41.1 billion cubic feet (Bcf) of conventional natural gas; and 1,149.5 Bcf of shale gas. The company was founded in 1986 and is headquartered in Calgary, Canada.
Details
| Name: | Enerplus Corporation |
| ERF | |
| Exchange: | TSX |
| Founded: | 1986 |
| CA$2,301,692,504 | |
| 234,149,797 | |
| Website: | http://www.enerplus.com |
| Address: |
Enerplus Corporation The Dome Tower, Suite 3000, Calgary, Alberta, T2P 2Z1, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | ERF | Common Shares | The Toronto Stock Exchange | CA | CAD | 18. Jan 1990 | |
| NYSE | ERF | Common Shares | New York Stock Exchange | US | USD | 18. Jan 1990 | |
| DB | E17 | Common Shares | Deutsche Boerse AG | DE | EUR | 18. Jan 1990 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/24 00:19 |
| End of day share price update: | 2019/06/21 00:00 |
| Last estimates confirmation: | 2019/06/17 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
