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.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$16.96|
|52 Week High||CA$23.29|
|52 Week Low||CA$6.12|
|1 Month Change||1.01%|
|3 Month Change||0%|
|1 Year Change||128.57%|
|3 Year Change||100.00%|
|5 Year Change||45.58%|
|Change since IPO||-55.66%|
Recent News & Updates
Is Enerplus (TSE:ERF) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|ERF||CA Oil and Gas||CA Market|
Return vs Industry: ERF exceeded the Canadian Oil and Gas industry which returned 40.1% over the past year.
Return vs Market: ERF exceeded the Canadian Market which returned -1.9% over the past year.
|ERF Average Weekly Movement||9.7%|
|Oil and Gas Industry Average Movement||11.3%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.4%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: ERF is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ERF's weekly volatility (10%) has been stable over the past year.
About the Company
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
|ERF fundamental statistics|
Is ERF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERF income statement (TTM)|
|Cost of Revenue||US$522.68m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.38|
|Net Profit Margin||28.73%|
How did ERF perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is ERF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ERF?
Other financial metrics that can be useful for relative valuation.
|What is ERF's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ERF's PE Ratio compare to its peers?
|ERF PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
POU Paramount Resources
PSK PrairieSky Royalty
MEG MEG Energy
NVA NuVista Energy
Price-To-Earnings vs Peers: ERF is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (8.1x).
Price to Earnings Ratio vs Industry
How does ERF's PE Ratio compare vs other companies in the CA Oil and Gas Industry?
Price-To-Earnings vs Industry: ERF is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Canadian Oil and Gas industry average (5.7x)
Price to Earnings Ratio vs Fair Ratio
What is ERF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ERF's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ERF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ERF (CA$16.96) is trading below our estimate of fair value (CA$50.38)
Significantly Below Fair Value: ERF is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Enerplus forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ERF's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if ERF's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if ERF's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ERF's revenue (7% per year) is forecast to grow faster than the Canadian market (6% per year).
High Growth Revenue: ERF's revenue (7% 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
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How has Enerplus performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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 -33.1% 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 (162.2%).
Return on Equity
High ROE: ERF's Return on Equity (75.7%) is considered outstanding.
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How is Enerplus's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ERF's short term assets ($425.2M) do not cover its short term liabilities ($735.7M).
Long Term Liabilities: ERF's short term assets ($425.2M) do not cover its long term liabilities ($678.8M).
Debt to Equity History and Analysis
Debt Level: ERF's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: ERF's debt to equity ratio has increased from 42.9% to 78.2% over the past 5 years.
Debt Coverage: ERF's debt is well covered by operating cash flow (159.7%).
Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (29.3x coverage).
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What is Enerplus's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ERF's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.96%).
High Dividend: ERF's dividend (1.31%) is low compared to the top 25% of dividend payers in the Canadian market (5.36%).
Stability and Growth of Payments
Stable Dividend: ERF's dividend payments have been volatile in the past 10 years.
Growing Dividend: ERF's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (2.8%), ERF's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (7.2%), ERF's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ian Dundas (54 yo)
Mr. Ian Charles Dundas, B.Comm., LLB, has been the Chief Executive Officer and President at Enerplus Corporation since July 1, 2013. Mr. Dundas served as Chief Operating Officer at Enerplus Corporation fro...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD3.68M) is about average for companies of similar size in the Canadian market ($USD3.68M).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Experienced Management: ERF's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: ERF's board of directors are considered experienced (8.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Enerplus Corporation's employee growth, exchange listings and data sources
- Name: Enerplus Corporation
- Ticker: ERF
- Exchange: TSX
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$3.943b
- Shares outstanding: 232.50m
- Website: https://www.enerplus.com
Number of Employees
- Enerplus Corporation
- The Dome Tower
- Suite 3000
- T2P 2Z1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.