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ERF

Enerplus TSX:ERF Stock Report

Last Price

CA$16.25

Market Cap

CA$3.9b

7D

0.9%

1Y

122.3%

Updated

21 May, 2022

Data

Company Financials +
ERF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health2/6
Dividends2/6

ERF Stock Overview

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada.

Enerplus Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enerplus
Historical stock prices
Current Share PriceCA$16.25
52 Week HighCA$18.74
52 Week LowCA$6.12
Beta3.28
1 Month Change-1.34%
3 Month Change9.72%
1 Year Change122.30%
3 Year Change56.55%
5 Year Change50.19%
Change since IPO-57.52%

Recent News & Updates

May 13
Statutory Profit Doesn't Reflect How Good Enerplus' (TSE:ERF) Earnings Are

Statutory Profit Doesn't Reflect How Good Enerplus' (TSE:ERF) Earnings Are

Enerplus Corporation ( TSE:ERF ) just reported healthy earnings but the stock price didn't move much. We think that...

Shareholder Returns

ERFCA Oil and GasCA Market
7D0.9%2.9%0.8%
1Y122.3%60.3%4.9%

Return vs Industry: ERF exceeded the Canadian Oil and Gas industry which returned 60.3% over the past year.

Return vs Market: ERF exceeded the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is ERF's price volatile compared to industry and market?
ERF volatility
ERF Average Weekly Movement7.7%
Oil and Gas Industry Average Movement10.3%
Market Average Movement9.9%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: ERF is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ERF's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986435Ian Dundashttps://www.enerplus.com

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 Fundamentals Summary

How do Enerplus's earnings and revenue compare to its market cap?
ERF fundamental statistics
Market CapUS$3.04b
Earnings (TTM)US$257.34m
Revenue (TTM)US$1.64b

11.8x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ERF income statement (TTM)
RevenueUS$1.64b
Cost of RevenueUS$462.70m
Gross ProfitUS$1.18b
Other ExpensesUS$923.84m
EarningsUS$257.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.07
Gross Margin71.85%
Net Profit Margin15.65%
Debt/Equity Ratio99.9%

How did ERF perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

13%

Payout Ratio

Does ERF pay a reliable dividends?

See ERF dividend history and benchmarks
When do you need to buy ERF by to receive an upcoming dividend?
Enerplus dividend dates
Ex Dividend DateMay 26 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend3 days
Days until Dividend pay date23 days

Does ERF pay a reliable dividends?

See ERF dividend history and benchmarks

Valuation

Is Enerplus undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ERF (CA$16.25) is trading below our estimate of fair value (CA$50.1)

Significantly Below Fair Value: ERF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ERF is poor value based on its PE Ratio (11.8x) compared to the Canadian Oil and Gas industry average (8.6x).

PE vs Market: ERF is poor value based on its PE Ratio (11.8x) compared to the Canadian market (11.5x).


Price to Earnings Growth Ratio

PEG Ratio: ERF is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: ERF is overvalued based on its PB Ratio (5.1x) compared to the CA Oil and Gas industry average (2.1x).


Future Growth

How is Enerplus forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


48.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ERF's forecast earnings growth (48.9% per year) is above the savings rate (1.6%).

Earnings vs Market: ERF's earnings (48.9% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ERF's revenue (8.1% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: ERF's revenue (8.1% 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


Past Performance

How has Enerplus performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-47.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ERF has high quality earnings.

Growing Profit Margin: ERF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ERF has become profitable over the past 5 years, growing earnings by -47.5% per year.

Accelerating Growth: ERF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ERF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (185%).


Return on Equity

High ROE: ERF's Return on Equity (43.2%) is considered outstanding.


Financial Health

How is Enerplus's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ERF's short term assets ($314.5M) do not cover its short term liabilities ($772.7M).

Long Term Liabilities: ERF's short term assets ($314.5M) do not cover its long term liabilities ($669.2M).


Debt to Equity History and Analysis

Debt Level: ERF's net debt to equity ratio (96.1%) is considered high.

Reducing Debt: ERF's debt to equity ratio has increased from 48.6% to 99.9% over the past 5 years.

Debt Coverage: ERF's debt is well covered by operating cash flow (129.8%).

Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


Dividend

What is Enerplus's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.04%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateMay 26 2022Dividend Pay DateJun 15 202220 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ERF's dividend (1.04%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: ERF's dividend (1.04%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).


Stability and Growth of Payments

Stable Dividend: ERF's dividend payments have been volatile in the past 10 years.

Growing Dividend: ERF's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.4%), ERF's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (7%), ERF's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Ian Dundas (53 yo)

8.83yrs

Tenure

US$3,676,171

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 ($USD3.68M) is about average for companies of similar size in the Canadian market ($USD3.43M).

Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ERF's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: ERF's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ERF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Enerplus Corporation's 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
  • Implied Market Cap: CA$3.908b
  • Shares outstanding: 240.46m
  • Website: https://www.enerplus.com

Number of Employees


Location

  • Enerplus Corporation
  • The Dome Tower
  • Suite 3000
  • Calgary
  • Alberta
  • T2P 2Z1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.