Enerplus
Market Cap
US$1.1b
Last Updated
2020/02/24 02:15 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre 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
-4.2%
ERF
-0.7%
US Oil and Gas
-1.1%
US Market
1 Year Return
-43.6%
ERF
-18.9%
US Oil and Gas
17.8%
US Market
Return vs Industry: ERF underperformed the US Oil and Gas industry which returned -18.9% over the past year.
Return vs Market: ERF underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| ERF | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | -0.7% | -1.1% |
| 30 Day | -7.5% | -5.7% | 1.5% |
| 90 Day | -19.2% | -6.9% | 6.6% |
| 1 Year | -42.8%-43.6% | -15.7%-18.9% | 20.2%17.8% |
| 3 Year | -40.7%-42.5% | -12.6%-20.8% | 47.5%38.1% |
| 5 Year | -44.1%-50.3% | -20.8%-32.5% | 71.2%52.4% |
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 year ago | Simply Wall St
Is It Time To Buy Enerplus Corporation (NYSE:ERF)?2 years ago | Simply Wall St
Does Enerplus Corporation (ERF) Pay Its CEO Based On Company Performance?Valuation
Is Enerplus undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ERF ($5.04) is trading below our estimate of fair value ($12.46)
Significantly Below Fair Value: ERF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ERF is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: ERF is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ERF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ERF is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Enerplus forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
107.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: ERF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ERF's is expected to become profitable in the next 3 years.
Revenue vs Market: ERF's revenue (16.4% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: ERF's revenue (16.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ERF's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Enerplus performed over the past 5 years?
36.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERF is currently unprofitable.
Growing Profit Margin: ERF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ERF is unprofitable, but has reduced losses over the past 5 years at a rate of 36.6% per year.
Accelerating Growth: Unable to compare ERF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ERF is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).
Return on Equity
High ROE: ERF has a negative Return on Equity (-17.65%), as it is currently unprofitable.
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$369.1M) do not cover its short term liabilities (CA$420.0M).
Long Term Liabilities: ERF's short term assets (CA$369.1M) do not cover its long term liabilities (CA$674.2M).
Debt to Equity History and Analysis
Debt Level: ERF's debt to equity ratio (41.2%) is considered high.
Reducing Debt: ERF's debt to equity ratio has reduced from 51.2% to 41.2% over the past 5 years.
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).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ERF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ERF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51% per year.
Next Steps
Dividend
What is Enerplus's current dividend yield, its reliability and sustainability?
1.80%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Enerplus before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ERF's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ERF's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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: ERF is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ERF's dividends in 3 years are forecast to be thoroughly covered by earnings (7.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Ian Dundas (51yo)
6.6yrs
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 about average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Ian's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.6yrs | CA$4.04m | 0.040% CA$452.7k | |
| Senior VP & CFO | 4.4yrs | CA$1.91m | 0.017% CA$189.0k | |
| Executive Officer | 0yrs | CA$2.11m | 0.0093% CA$104.0k | |
| President of U.S. Operations | 7.8yrs | CA$1.59m | 0.0081% CA$91.2k | |
| Vice President of U.S. Development & Geosciences | 4.4yrs | CA$1.33m | 0.0094% CA$105.2k | |
| Senior VP & COO | 0yrs | no data | no data | |
| Manager of Investor Relations | 0yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 0yrs | CA$815.32k | 0.0078% CA$88.0k | |
| Vice President of Marketing | 1yrs | no data | 0.0047% CA$52.5k |
4.4yrs
Average Tenure
51yo
Average Age
Experienced Management: ERF's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.6yrs | CA$4.04m | 0.040% CA$452.7k | |
| Independent Chairman of the Board | 5.7yrs | CA$307.00k | 0.020% CA$222.4k | |
| Independent Director | 12.3yrs | CA$180.50k | 0.017% CA$186.5k | |
| Independent Director | 6yrs | CA$170.58k | 0.0044% CA$49.9k | |
| Independent Director | 6yrs | CA$160.50k | 0.0024% CA$27.5k | |
| Independent Director | 7.7yrs | CA$170.50k | 0.00071% CA$8.0k | |
| Independent Director | 8.6yrs | CA$167.10k | 0.0029% CA$32.2k | |
| Independent Director | 2.2yrs | CA$169.50k | 0.0063% CA$70.9k | |
| Independent Director | 1.2yrs | no data | 0.00089% CA$10.0k | |
| Director | 0.08yrs | no data | no data |
6.0yrs
Average Tenure
62yo
Average Age
Experienced Board: ERF's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ERF insiders have sold more shares than they have bought 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Enerplus Corporation
- Ticker: ERF
- Exchange: NYSE
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$1.482b
- Listing Market Cap: CA$1.121b
- Shares outstanding: 222.12m
- 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 02:15 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.