TSE:ERF

26.78
0.93 (3.36%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Enerplus Corp (ERF-T) is viewed positively by analysts, particularly due to its impending takeover by larger industry player Chord Energy Management. This acquisition is expected to draw institutional interest towards ERF, potentially leading to a reevaluation of the stock's worth. Reviewers highlight the attractive inventory position that Enerplus holds, claiming it to have the deepest reserves in the area compared to other producers. While cautioning against selling solely based on short-term price movements like hitting a 52-week high, experts emphasize focusing on the stock’s risk/reward dynamics. Chord Energy is credited with adeptly managing its assets post divestment of Canadian properties, demonstrating resilience and positioning for growth.

Consensus
Positive
Valuation
Undervalued
Similar
CPE,
HOLD

Its takeover by a bigger player should attract institutional players, and should lead to a rerating. He's been buying the parent company CHRD, now a full position of 4%. Deepest inventory in the area of any producer.

COMMENT

Never sell because a stock hits a 52-week, but only based on risk/reward. ERF is being bought by a North Dakota producer, Chord Energy Management have done a great job. They struggled after selling their Canadian assets and held onto their North Dakota Marcellus assets. 

BUY
Chord Energy is buying it

Jumping a massive 10% today on the news, and returning to its previous high. A positive move.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

ERF is very cheap and has a very solid balance sheet. The forecast release was not great, but it is not really an issue with the company. As noted, 4Q production also did beat production estimates. Consensus still calls for about 20% growth this year. It is hard to fight declining commodity prices, but based on its valuation and balance sheet we would consider it a HOLD and a BUY on any further weakness.
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TOP PICK

At least 15 years of drilling inventory in Bakken play. Very strong balance sheet (almost no debt). Expecting ~60% of free cash flow returning to shareholders. Trading under 3x cash flow with $80 oil. Expecting ~$29 share price next year given $80 oil. Expecting strong performance in 2024. Value proposition very strong. 

BUY

Owns ~5 million shares in company (~5% of shares).
Oil assets very profitable. 
Management team very good.
Expecting ~60% of free cash flow being returned to shareholders. 
Current share price under-valued.

WAIT

Sold because he became very bearish on natural gas, bullish on oil. Lots of drilling and no real winter last year meant that storage was high. Still on his radar, but no price catalyst until this time next year. Minimizing growth and maximizing free cashflow, buybacks, very aggressive.

Unspecified

The chart is heading down and looking for a base. It is OK to own even if moving sideways since it pays a dividend of $0.074 cents a share. Be cautious. Another 5 out of 10 chart.

PAST TOP PICK
(A Top Pick Aug 12/22, Up 2%)

He sold. He's negative on natural gas. He just wants to own Canadian heavy oil. Valuation remains compelling. Great quality assets. Attractive on free cashflow and buybacks. He could be back in some day.

PAST TOP PICK
(A Top Pick Jun 03/22, Down 4%)

Has since sold shares. 
Bearish on natural gas prices. 
Wants to focus on light to medium oil names.
Better names out there to earn return on capital.



PAST TOP PICK
(A Top Pick Mar 04/22, Up 26%)

Pure USA Bakken & Marcellus play.
12-15 years of drilling inventory.
Trading at 2.2x times cash flow (fair value = 5x).
Expecting meaningful appreciation of shares.

BUY
Has 9.5% weight in portfolio. Massive out performer last year. Very strong company that has been returning capital to shareholders. Pledged 60% of free cash flow to shareholders. Share price should double from here.
PAST TOP PICK
(A Top Pick Mar 31/22, Up 47%) Very strong energy fundamentals. Believes further room for growth in energy. Company stock still cheap. Will continue to hold. Excellent financial performance that expects to continue.
BUY
Very good company paying down debt. Expecting a double in the share price. Trading at ~2x cash flow.
BUY
Its fair value is $37 U.S. so there is 120% upside. Has an excellent balance sheet and is committed to returning 60 to 65% to investors through buybacks.
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Enerplus Corp(ERF-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Enerplus Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Enerplus Corp(ERF-T) Frequently Asked Questions

What is Enerplus Corp stock symbol?

Enerplus Corp is a Canadian stock, trading under the symbol ERF-T on the Toronto Stock Exchange (ERF-CT). It is usually referred to as TSX:ERF or ERF-T

Is Enerplus Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about ERF-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enerplus Corp.

Is Enerplus Corp a good investment or a top pick?

Enerplus Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Enerplus Corp.

Why is Enerplus Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Enerplus Corp worth watching?

2 stock analysts on Stockchase covered Enerplus Corp In the last year. It is a trending stock that is worth watching.

What is Enerplus Corp stock price?

On 2024-06-03, Enerplus Corp (ERF-T) stock closed at a price of $26.78.