Enerplus Future Growth

Future criteria checks 1/6

Enerplus's earnings are forecast to decline at 0.8% per annum while its annual revenue is expected to grow at 5.6% per year. EPS is expected to grow by 0.2% per annum. Return on equity is forecast to be 32% in 3 years.

Key information

-0.8%

Earnings growth rate

0.2%

EPS growth rate

Oil and Gas earnings growth	2.5%
Revenue growth rate	5.6%
Future return on equity	32.0%
Analyst coverage	Low
Last updated	29 Apr 2024

Recent future growth updates

Recent updates

Enerplus Corporation: Finishes 2023 With Another Quarter Of Production Outperformance

Feb 07

Enerplus: Focusing On The Bakken And Potentially Reaching A Net Cash Position By End Of 2022

Apr 14

Earnings and Revenue Growth Forecasts

NYSE:ERF - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,871	N/A	N/A	N/A	1
12/31/2025	1,719	449	343	910	2
12/31/2024	1,604	415	374	921	2
12/31/2023	1,528	456	386	938	N/A
9/30/2023	1,636	670	390	957	N/A
6/30/2023	1,830	848	623	1,155	N/A
3/31/2023	2,092	1,019	748	1,219	N/A
12/31/2022	2,186	914	721	1,173	N/A
9/30/2022	2,144	761	424	1,140	N/A
6/30/2022	1,920	553	557	913	N/A
3/31/2022	1,644	257	152	772	N/A
12/31/2021	1,381	234	19	605	N/A
9/30/2021	1,030	-67	152	380	N/A
6/30/2021	775	-244	-185	303	N/A
3/31/2021	562	-685	72	267	N/A
12/31/2020	516	-693	79	336	N/A
9/30/2020	607	-862	112	405	N/A
6/30/2020	682	-715	-18	414	N/A
3/31/2020	790	-196	43	503	N/A
12/31/2019	883	-204	47	520	N/A
9/30/2019	885	316	37	549	N/A
6/30/2019	935	336	107	598	N/A
3/31/2019	920	275	49	515	N/A
12/31/2018	883	277	85	541	N/A
9/30/2018	893	112	36	505	N/A
6/30/2018	754	56	21	419	N/A
3/31/2018	696	148	14	393	N/A
12/31/2017	689	189	3	379	N/A
9/30/2017	657	851	N/A	333	N/A
6/30/2017	627	729	N/A	314	N/A
3/31/2017	577	487	N/A	279	N/A
12/31/2016	510	296	N/A	233	N/A
9/30/2016	508	-814	N/A	239	N/A
6/30/2016	541	-971	N/A	255	N/A
3/31/2016	597	-1,083	N/A	312	N/A
12/31/2015	601	-1,098	N/A	335	N/A
9/30/2015	710	-557	N/A	454	N/A
6/30/2015	876	-310	N/A	549	N/A
3/31/2015	988	-27	N/A	614	N/A
12/31/2014	1,247	258	N/A	680	N/A
9/30/2014	1,301	158	N/A	679	N/A
6/30/2014	1,353	99	N/A	730	N/A
3/31/2014	1,243	95	N/A	676	N/A
12/31/2013	1,207	45	N/A	721	N/A
9/30/2013	1,225	-248	N/A	743	N/A
6/30/2013	1,121	-299	N/A	632	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ERF's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: ERF's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: ERF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ERF's revenue (5.6% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: ERF's revenue (5.6% 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 high in 3 years time (32%)

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Enerplus Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 8.7% to US$21.00

Enerplus Corporation Provides Production Guidance for the Fourth Quarter of 2023; Revises Production Guidance for the Year 2023

Enerplus Corporation Provides Production Guidance for the Fourth Quarter of 2022 and Revises Production Guidance for the Full Year 2022

Price target decreased to US$21.22

Enerplus Corporation Updates Production Guidance for the Year 2022

Price target decreased to US$22.19

Recent updates

New major risk - Revenue and earnings growth

Enerplus Corporation to Report Q1, 2024 Results on May 08, 2024

Enerplus Corporation, Annual General Meeting, May 14, 2024

Enerplus Corporation, Annual General Meeting, May 09, 2024

Fourth quarter dividend of US$0.065 announced

Chord Energy Corporation (NasdaqGS:CHRD) entered into a definitive agreement to acquire Enerplus Corporation (TSX:ERF) for $3.8 billion.

Full year 2023 earnings released: EPS: US$2.16 (vs US$3.91 in FY 2022)

Chord Energy Corporation (NasdaqGS:CHRD) entered into a definitive agreement to acquire Enerplus Corporation (TSX:ERF) for $3.8 billion.

Enerplus Corporation: Finishes 2023 With Another Quarter Of Production Outperformance

Enerplus Corporation to Report Q4, 2023 Results on Feb 22, 2024

Enerplus Corporation: Good Company On Sale (Rating Upgrade)

Price target decreased by 8.7% to US$21.00

Vice President of Marketing & Midstream recently sold US$436k worth of stock

New minor risk - Dividend sustainability

Upcoming dividend of US$0.06 per share at 1.5% yield

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.61 (vs US$1.32 in 3Q 2022)

Enerplus Corporation Provides Production Guidance for the Fourth Quarter of 2023; Revises Production Guidance for the Year 2023

Enerplus: Excellent Q3 2023 Results (Rating Upgrade)

Enerplus Corporation to Report Q3, 2023 Results on Nov 02, 2023

Enerplus: Projected To Generate Over $250 Million In H2 2023 Free Cash Flow

Upcoming dividend of US$0.06 per share at 1.4% yield

Second quarter 2023 earnings released: EPS: US$0.35 (vs US$1.02 in 2Q 2022)

Enerplus Corporation Increases Quarterly Cash Dividend for September 2023, Effective with the September 15, 2023

Enerplus: Strong Independent But The Focus On Buybacks Is Disappointing

Now 22% undervalued after recent price drop

Enerplus Appoints Ward Polzin to Its Board of Directors

Upcoming dividend of US$0.055 per share at 1.5% yield

Enerplus Corporation Announces Retirement of Susan Mackenzie and Robert Hodgins from the Board of Directors

First quarter 2023 earnings released: EPS: US$0.63 (vs US$0.14 in 1Q 2022)

President recently bought US$200k worth of stock

Investor sentiment deteriorates as stock falls 18%

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Enerplus Non-GAAP EPS of C$0.78

Enerplus Corporation, Annual General Meeting, May 04, 2023

Enerplus Corporation, Annual General Meeting, May 04, 2023

Enerplus: Improved Performance And Decreasing Price Realizations

Now 21% undervalued after recent price drop

Enerplus Corporation to Report Q4, 2022 Results on Feb 23, 2023

Senior VP & COO recently sold US$1.4m worth of stock

Surge Energy Inc. (TSX:SGY) completed the acquisition of Long Life,Operated,High Operating Netback,Waterflooded Producing Oil Assets from Enerplus Corporation (TSX:ERF)

Upcoming dividend of US$0.055 per share

Third quarter 2022 earnings released: EPS: US$1.32 (vs US$0.38 in 3Q 2021)

Enerplus Corporation Provides Production Guidance for the Fourth Quarter of 2022 and Revises Production Guidance for the Full Year 2022

Enerplus Corporation Increases its Quarterly Dividend, Payable on December 15, 2022

Enerplus Corporation: More Work To Be Done

Journey Energy Inc. (TSX:JOY) completed the acquisition of Certain Canadian Assets of Enerplus Corporation.

Enerplus Corporation Appoints Sherri A. Brillon to Its Board of Directors

Enerplus Corporation to Report Q3, 2022 Results on Nov 03, 2022

Price target decreased to US$21.22

Investor sentiment deteriorated over the past week

Enerplus May Generate $1.3 Billion In Positive Cash Flow In H2 2022 And 2023

Upcoming dividend of US$0.05 per share

Now 21% undervalued

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$1.01 (vs US$0.19 loss in 2Q 2021)

Enerplus Corporation Updates Production Guidance for the Year 2022

Journey Energy Inc. (TSX:JOY) entered into an agreement to acquire Certain Canadian Assets of Enerplus Corporation for CAD 140 million.

Price target decreased to US$22.19

Enerplus Corporation to Report Q2, 2022 Results on Aug 04, 2022

Enerplus: Free Cash Flow Plus Production Growth Rewards Shareholders

President recently bought US$143k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Senior VP & COO recently bought US$102k worth of stock

Upcoming dividend of US$0.043 per share

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Enerplus Corporation Raises Its Production Guidance for the Year 2022