Executive Summary
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada.
Snowflake
Fundamentals
Outstanding track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Enerplus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ERF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.4%
ERF
0.6%
CA Oil and Gas
0.6%
CA Market
1 Year Return
-34.6%
ERF
-1.0%
CA Oil and Gas
7.1%
CA Market
Return vs Industry: ERF underperformed the Canadian Oil and Gas industry which returned -1% over the past year.
Return vs Market: ERF underperformed the Canadian Market which returned 7.1% over the past year.
Shareholder returns
| ERF | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 0.6% | 0.6% |
| 30 Day | 4.8% | 5.9% | 3.2% |
| 90 Day | -3.8% | 8.5% | 4.3% |
| 1 Year | -33.9%-34.6% | 3.5%-1.0% | 10.7%7.1% |
| 3 Year | -13.3%-15.9% | -10.2%-19.4% | 18.4%7.8% |
| 5 Year | -45.4%-52.5% | -19.4%-31.6% | 26.8%8.2% |
Price Volatility Vs. Market
How volatile is Enerplus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Enerplus Corporation (TSE:ERF) Insiders Have Been Selling3 weeks ago | Simply Wall St
Enerplus Corporation (TSE:ERF) Looks Interesting, And It's About To Pay A Dividend4 weeks ago | Simply Wall St
Imagine Owning Enerplus (TSE:ERF) While The Price Tanked 52%Valuation
Is Enerplus undervalued compared to its fair value and its price relative to the market?
4.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ERF (CA$8.47) is trading above our estimate of fair value (CA$8.06)
Significantly Below Fair Value: ERF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ERF is good value based on its PE Ratio (4.8x) compared to the Oil and Gas industry average (9.7x).
PE vs Market: ERF is good value based on its PE Ratio (4.8x) compared to the Canadian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: ERF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ERF is overvalued based on its PB Ratio (1x) compared to the CA Oil and Gas industry average (0.6x).
Next Steps
Future Growth
How is Enerplus forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERF's earnings are forecast to decline over the next 3 years (-7.9% per year).
Earnings vs Market: ERF's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: ERF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ERF's revenue (10.6% per year) is forecast to grow faster than the Canadian market (4.8% per year).
High Growth Revenue: ERF's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ERF's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Enerplus performed over the past 5 years?
36.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERF has high quality earnings.
Growing Profit Margin: ERF's current net profit margins (35.7%) are higher than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: ERF's earnings have grown significantly by 36.9% per year over the past 5 years.
Accelerating Growth: ERF's earnings growth over the past year (190.3%) exceeds its 5-year average (36.9% per year).
Earnings vs Industry: ERF earnings growth over the past year (190.3%) exceeded the Oil and Gas industry 16.6%.
Return on Equity
High ROE: ERF's Return on Equity (21.4%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Enerplus's financial position?
Financial Position Analysis
Short Term Liabilities: ERF's short term assets (CA$359.2M) do not cover its short term liabilities (CA$396.5M)
Long Term Liabilities: ERF's short term assets (359.2M) do not cover its long term liabilities (687.9M)
Debt to Equity History and Analysis
Debt Level: ERF's debt to equity ratio (31.6%) is considered satisfactory
Reducing Debt: ERF's debt to equity ratio has reduced from 53.1% to 31.6% over the past 5 years.
Debt Coverage: ERF's debt is well covered by operating cash flow (117.6%).
Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (16x coverage).
Balance Sheet
Inventory Level: ERF has a high level of physical assets or inventory.
Debt Coverage by Assets: ERF's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Enerplus's current dividend yield, its reliability and sustainability?
1.42%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ERF's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: ERF's dividend (1.42%) is low compared to the top 25% of dividend payers in the Canadian market (5.67%).
Stability and Growth of Payments
Stable Dividend: ERF's dividends per share have been stable in the past 10 years.
Growing Dividend: ERF's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.8%), ERF's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ERF's dividends in 3 years are forecast to be thoroughly covered by earnings (7.2% payout ratio).
Next Steps
Management
What is the CEO of Enerplus's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Ian Dundas (51yo)
6.3yrs
Tenure
CA$4,036,341
Compensation
Mr. Ian Charles Dundas, B.Comm., LLB, has been the Chief Executive Officer and President at Enerplus Corporation since July 1, 2013. Mr. Dundas served as Chief Operating Officer at Enerplus Corporation fro ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD3.05M) is above average for companies of similar size in the Canadian market ($USD2.21M).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.2yrs
Average Tenure
Experienced Management: ERF's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
62yo
Average Age
Experienced Board: ERF's board of directors are considered experienced (5.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | CA$8.72 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | CA$9.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | CA$9.11 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | CA$8.94 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | CA$9.06 |
| Entity | Individual |
| Shares | 7,500 |
| Max Price | CA$9.09 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | CA$8.95 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | CA$9.11 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 5,000 |
| Max Price | CA$9.35 |
| Entity | Individual |
| Shares | 1,489 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 39,867 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Chief Legal Officer VP, General Counsel & Corporate Secretary |
| Shares | 7,906 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 16,682 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Chief Operating Officer Senior Vice President of Operations |
| Shares | 19,552 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Unit President President of U.S. Operations |
| Shares | 14,464 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Shares | 6,689 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Shares | 7,484 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Shares | 3,599 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Other Key Executive Vice President of U.S. Development & Geosciences |
| Shares | 10,627 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Shares | 4,906 |
| Max Price | CA$11.23 |
| Entity | Individual |
| Role | Other Key Executive Vice President of U.S. Development & Geosciences |
| Shares | 5,000 |
| Max Price | CA$11.32 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | CA$12.05 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | CA$11.78 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | CA$9.83 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 2,000 |
| Max Price | CA$10.25 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 2,000 |
| Max Price | CA$10.92 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | CA$10.60 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | CA$10.94 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ian Dundas (51yo)
President
- Tenure: 6.3yrs
- Compensation: CA$4.04m
David McCoy
VP, General Counsel & Corporate Secretary
- Tenure: 0yrs
- Compensation: CA$815.32k
Edward McLaughlin (63yo)
President of U.S. Operations
- Tenure: 7.5yrs
- Compensation: CA$1.59m
Jodi Labrie
Senior VP & CFO
- Tenure: 4.2yrs
- Compensation: CA$1.91m
Ray Daniels
Senior Vice President of Operations
- Tenure: 2.8yrs
- Compensation: CA$2.11m
Nathan Fisher
Vice President of U.S. Development & Geosciences
- Tenure: 4.2yrs
- Compensation: CA$1.33m
Drew Mair
Manager of Investor Relations
- Tenure: 0yrs
Garth Doll
Vice President of Marketing
- Tenure: 0.8yrs
Board Members
Elliott Pew (64yo)
Independent Chairman of the Board
- Tenure: 5.4yrs
- Compensation: CA$307.00k
Bob Hodgins (68yo)
Independent Director
- Tenure: 12yrs
- Compensation: CA$180.50k
Michael Culbert (62yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: CA$170.58k
Hilary Foulkes (61yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: CA$160.50k
Ian Dundas (51yo)
President
- Tenure: 6.3yrs
- Compensation: CA$4.04m
Sheldon Steeves (65yo)
Independent Director
- Tenure: 7.4yrs
- Compensation: CA$170.50k
Sue MacKenzie (59yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: CA$167.10k
Jeff Sheets (61yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: CA$169.50k
Karen Clarke-Whistler (63yo)
Independent Director
- Tenure: 0.9yrs
Company Information
Enerplus Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Enerplus Corporation
- Ticker: ERF
- Exchange: TSX
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$1.904b
- Shares outstanding: 224.75m
- Website: https://www.enerplus.com
Number of Employees
Location
- Enerplus Corporation
- The Dome Tower
- Suite 3000
- Calgary
- Alberta
- T2P 2Z1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ERF | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jan 1990 |
| ERF | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1990 |
| E17 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1990 |
Biography
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 l ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/17 00:17 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.