Buy, Sell or Hold: Enerplus Corp (ERF-T) — Stock Predictions at Stockchase

TSE:ERF

14.18

0.19 (1.32%) 1d

Showing 1 to 15 of 290 entries

TOP PICK

A potential double from here. Trading at 2.6x cash flow. Free cashflow is 23%. Buying back shares due to distressed value. Has 10 years of inventory. Balance sheet is good. Could privatize themselves in 4 years. 99% upside potential. (Analysts’ price target is $16.24)

oil / gas

STRONG BUY

PMO recognizes that the energy sector is key to get out of the fiscal hole from the pandemic. Probably going to get carbon capture and subsidy schemes. It is up now. The messaging was misinterpreted. The company plans to buy 7% of their stock. 33% free cashflow yield at $80. Trading at 2.5x which is very misspriced.

oil / gas

TOP PICK

Trading at 2.2x enterprise value to cashflow, which is cheaper than earlier this year. Q1 of next year should see a material share buyback. Trading at a 30% free cashflow yield. The low valuation will be rerated. Could trade at a 5x multiple, which would be a 153% upside. (Analysts’ price target is $12.19)

oil / gas

BUY

Probably will double still. Stock is still cheap. Where is the best upside is the question. The upside will come from the management's signal for return of capital. Trades at 2.6x EV to cashflow. Trading at 25% free cashflow yield with 10 year drilling inventory. If production is kept flat, they could privatize and take themselves private many times over before going through their inventory. Could be an $18 stock.

oil / gas

BUY

A court ruled that the pipeline can flow until March next year. This pipeline has never had an issue. Optimistic that it will not be shutdown. Bought two assets and increased drilling inventory to 10 years. At $70 oil, it is trading at 3x enterprise value to cashflow, and 31% free cashflow yield. (Analysts’ price target is $15.50)

oil / gas

BUY

Really undervalued right now. Free cashflow is $1.8B and their market cap is $1.9B. Speaks to how undervalued it is. There is uncertainty in Dapple with environmentalists taking them to court. The results should be in favour of ERF. Even if it is against them, it is not material. Balance sheet, inventory depth is good. At $60 oil, $12.28 target.

oil / gas

BUY

It has performed relatively well. One overhang is the uncertainty of the pipeline that moves oil from their key location in the Balkans. If the pipeline is cancelled, there is enough rail capacity to move barrels. It would impact their cashflow by $40M in incremental transportation cost. $2/barrel. They made an acquisition finally. 2.8x enterprise to cashflow at $60 oil. 5x multiple would be a reasonable place for this to trade. 100% upside.

oil / gas

TOP PICK

They did an accretive (inventory) acquisition in their Bakken play. They have a 34% free cash flow yield. He has a 5x mulitiple on it and targets almost $11. (Analysts’ price target is $6.53)

oil / gas

BUY

This gives you a large operational leverage to oil prices rising. Their primary asset is burdened with high royalty rates. After $50 oil, every dollar is very significant for free cashflow. At $50 oil, they would trade at 3.3 times and at $60 at 2.4 times. Historically, they traded at 8 times. However, the market has changed. At $60, they could generate 25% free cashflow. The name has underperformed due to natural gas prices falling and court issues for the Dakota Access Pipeline. However there is rail capacity to compensate. One of his largest holding at around 7% weight and he continues to buy.

oil / gas

BUY

Sold the stock a couple months ago and then bought back a 5% weight this morning. The stock has probably bottomed. The market wanted them to transact and when they did not execute, the multiple collapsed. At $50 oil, it will trade at 2.3x cashflow. The stock price could triple going forward.

oil / gas

DON'T BUY

Part of bombed out group of stocks. So extraordinarily cheap. Will survive. Nice dividend and it's safe-ish for now. No growth in this environment. Do you really want to buy a name that's not growing? He's staying away, too risky.

oil / gas

PAST TOP PICK

(A Top Pick Oct 01/19, Down 69%) It was a sneaky way to get US exposure. However, Canada is the place to be for energy investors now. Takeaway capacity has been improving and outlook for differentials are positive. This may be a value trap.

oil / gas

DON'T BUY

The effect of the Transmountain pipeline? The sector is suffering from low oil prices and a lack of investor interest. He can't see any catalyst turning around this space, except lower oil supplies. Also factor the increase in e-cars plus ESG investing. ERF is very well-run along with Whitecap. Pipelines will help, but won't save the sector.

oil / gas

PAST TOP PICK

(A Top Pick Jul 19/19, Down 60%) A head scratcher for him. A strong balance sheet and low cost Marcellus natural gas production. They have a good inventory in the Bakken region as well. He likes the management team and the balance sheet is strong. He thinks they are under pressure to get something done, as private equities are hunting for assets. He thinks they are in a financial position to make some key acquisition.

oil / gas

PAST TOP PICK

(A Top Pick May 06/19, Down 75%) Oil was a poor sector choice. He was hoping this would be a trade, expecting oil prices to rise. Great balance sheet and managers, but oil price have just plunged. ERF will survive. He owns very little of ERF now. ERF has done what they could in this pandemic.

oil / gas

Showing 1 to 15 of 290 entries

Enerplus Corp(ERF-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

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, 5 stock analysts published opinions about ERF-T. 5 analysts 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?

5 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 2022-01-26, Enerplus Corp (ERF-T) stock closed at a price of $14.18.

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