Enerplus Corporation (ERF) Stock Forecast & Predictions

Enerplus Corporation ERF: $5.03

The Dome Tower, Calgary, Alberta, Canada. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.enerplus.com/

  • Market Cap$1.36B
  • Change (52 Weeks)198.40%
  • Low (52 Weeks)$1.62
  • Enerplus Corporation (ERF) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Enerplus Corporation (ERF) stock price is $5.03 and the 52 weeks low is $1.62, which means the Enerplus Corporation stock price is up 198.40% in the last 12 months.

    Enerplus Corporation (ERF) Stock Price has been Trending Strongly with an ADX reading of 33.88 as per the Weekly Chart.

    A Upward trend indicates that Enerplus Corporation (ERF) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that ERF Stock price might rise further, 18.75% indicating that ERF Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ERF stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Enerplus Corporation (ERF) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Enerplus Corporation (ERF) is based on 16 Institutional Analyst Ratings where 68.75% are on Strong Buy, 12.50% on Moderate Buy, 12.50% remains on Hold, 6.25% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 16 Institutional Analysts, majority recommended ERF stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Enerplus Corporation.

    Enerplus Corporation (ERF) Stock Price Prediction By Analysts


    HighLowAverage
    $10.76$8.59$9.58
    $9.5890.47% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for ERF set by the institutional analysts is $9.58 where High Estimate is $10.76, Median $9.18 and Low $8.59.

    The average price target for ERF by Institutional Analysts is $9.58, which is 90.47% Upside from the current price. So according to the Institutional Analysts, ERF Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Enerplus Corporation (ERF) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 385,350 investor portfolio.

    Our algorithm has analysed 385,350 investor portfolio with ERF stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about ERF and holding their positions hoping for a further rise in the stock price and more profit.

    Enerplus Corporation (ERF) Stock Forecast Based on News Sentiment


    Bullish
    Based on 4 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ERF, it shows that Enerplus Corporation had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ERF stock price may surge in the next few weeks.

    Enerplus Corporation (ERF) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond James FinancialOutperformDowngraded
    SbankOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    Tudor PickeringBuyInitiated
    TD SecuritiesBuyUpgraded
    SbankOutperformUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    National BanksharesOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    National BankOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformUpgraded
    BMO Capital MarketsUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    National Bank FinancialOutperformReiterated
    National Bank FinancialUpgraded
    Raymond James FinancialOutperformUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    BMO Capital MarketsUpgraded
    Tudor PickeringBuyInitiated
    Raymond James FinancialMarket PerformUpgraded
    SbankUpgraded
    ATB CapitalUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    ATB CapitalDowngraded
    BMO CapitalOutperformMaintained
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    SbankUpgraded
    CIBC World MarketsUpgraded
    SunTrust Robinson HumphreyHoldMaintained
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    SunTrust Robinson HumphreyHoldMaintained
    Raymond James FinancialMarket PerformDowngraded
    TD SecuritiesBuyDowngraded
    RBC CapitalDowngraded
    Raymond James FinancialMarket PerformDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    National Bank FinancialOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    Raymond James FinancialOutperformInitiated
    National Bank FinancialOutperformDowngraded
    Tudor PickeringBuyInitiated
    SbankDowngraded
    Raymond James FinancialOutperformInitiated
    CapitalOneOverweightUpgraded
    RBC CapitalDowngraded
    Capital One FinancialOverweightUpgraded
    CIBC World MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    RBC CapitalDowngraded
    CIBC World MarketsDowngraded
    GMP SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    Raymond James FinancialStrong-BuyUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialUpgraded
    TD SecuritiesBuyUpgraded
    GMP SecuritiesDowngraded
    TD SecuritiesBuyDowngraded
    Raymond James FinancialStrong-BuyInitiated
    National Bank FinancialOutperformDowngraded
    BMO Capital MarketsOutperformInitiated
    Canaccord GenuityDowngraded
    GMP SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    Raymond James FinancialStrong-BuyUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialDowngraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    BMO Capital MarketsOutperformUpgraded
    CIBC World MarketsDowngraded
    Credit SuisseUpgraded
    Canaccord GenuityUpgraded
    Raymond James FinancialUpgraded
    SunTrust Robinson HumphreyBuyInitiated
    CIBC World MarketsUpgraded
    TD SecuritiesBuyDowngraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    Credit SuisseUpgraded
    GMP SecuritiesUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    BarclaysUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    SbankOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    BarclaysUpgraded
    BarclaysUpgraded
    National Bank FinancialOutperformUpgraded
    BMO Capital MarketsOutperformReiterated
    TD SecuritiesUpgraded
    Raymond James FinancialOutperformUpgraded
    BarclaysUpgraded
    BarclaysDowngraded
    SbankOutperformMaintained
    SbankOutperformMaintained
    Raymond James FinancialOutperformMaintained
    BMO CapitalOutperformUpgraded
    CIBC World MarketsMaintained
    Desjardins SecuritiesMaintained
    Raymond James FinancialOutperformMaintained
    TD SecuritiesBuyMaintained
    ScotiabankOutperformUpgraded
    SbankOutperformUpgraded
    RBC CapitalOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    Credit SuisseMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityMaintained
    BMO Capital MarketsMaintained
    BarclaysOverweightMaintained
    Raymond James FinancialMaintained
    Credit SuisseMaintained
    National Bank FinancialOutperformMaintained
    Canaccord GenuityMaintained
    RBC CapitalOutperformMaintained
    Canaccord GenuityBuyInitiated
    BMO Capital MarketsAt Market PerformMaintained
    TD SecuritiesBuyMaintained
    SbankSector PerformMaintained
    First EnergyOutperformMaintained
    BarclaysOverweightMaintained
    Raymond James FinancialMaintained
    BarclaysMaintained
    CIBC World MarketsMaintained
    Desjardins SecuritiesMaintained
    SbankSector PerformMaintained
    TD SecuritiesBuyMaintained
    Desjardins SecuritiesHoldMaintained
    BarclaysMaintained
    CIBC World MarketsOutperformMaintained
    Raymond James FinancialMaintained
    Macquarie ResearchOutperformUpgraded
    MacquarieOutperformUpgraded
    Desjardins SecuritiesHoldMaintained
    SbankSector PerformMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialMaintained
    National Bank FinancialOutperformMaintained
    First EnergyMaintained
    TD SecuritiesBuyMaintained
    Desjardins SecuritiesMaintained
    BarclaysOverweightUpgraded
    Raymond James FinancialMaintained
    BarclaysMaintained
    SbankSector PerformMaintained
    Raymond James FinancialMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsMaintained
    Raymond James FinancialMaintained
    National Bank FinancialMaintained
    National Bank FinancialSector PerformMaintained
    MacquarieNeutralDowngraded
    Raymond James FinancialOutperformMaintained
    UBSBuyUpgraded
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsMaintained
    BarclaysEqual WeightMaintained
    BMO Capital MarketsMaintained
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformMaintained
    TD SecuritiesBuyUpgraded
    CIBCMaintained
    CIBC World MarketsSector PerformMaintained
    UBSNeutralInitiated
    TD SecuritiesHoldDowngraded
    DesjardinsHoldDowngraded
    Bank of AmericaNeutralDowngraded
    National Bank FinancialOutperformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    CIBC World MarketsSector PerformMaintained
    BarclaysEqual-WeightDowngraded
    National Bank FinancialOutperformMaintained
    CIBC World MarketsSector PerformMaintained
    National Bank FinancialOutperformMaintained
    BarclaysMaintained
    CIBC World MarketsMaintained
    National Bank FinancialOutperformMaintained
    SbankMaintained
    CIBC World MarketsSector OutperformMaintained
    National Bank FinancialOutperformMaintained
    SbankMaintained
    RBC CapitalSector PerformMaintained
    First EnergyOutperformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOutperformMaintained
    RBC CapitalSector PerformDowngraded
    TD SecuritiesMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    BarclaysOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    Salman PartnersMaintained
    Credit SuisseOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOutperformMaintained
    Credit SuisseOutperformMaintained
    SbankMaintained
    Credit SuisseOutperformMaintained
    CIBC World MarketsMaintained
    BMO CapitalOutperformUpgraded
    BarclaysOutperformMaintained
    Salman PartnersMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsSector PerformMaintained
    CIBCSector OutperformUpgraded
    RBC CapitalOutperformUpgraded
    Salman PartnersUpgraded
    SbankMaintained
    TD SecuritiesBuyMaintained
    Salman PartnersBuyMaintained
    CIBC World MarketsSector PerformMaintained
    RBC CapitalSector PerformMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsSector PerformMaintained
    AltaCorp CapitalOutperformUpgraded
    CIBC World MarketsSector PerformMaintained
    National Bank FinancialMaintained
    RBC CapitalSector PerformDowngraded
    Raymond James FinancialMaintained
    CIBC World MarketsMaintained
    BarclaysOutperformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    BMO CapitalMarket PerformMaintained
    AltaCorp CapitalSector PerformDowngraded
    Raymond James FinancialAt Market PerformMaintained
    RBC CapitalOutperformMaintained
    BarclaysMaintained
    Raymond JamesMarket PerformDowngraded
    RBC CapitalOutperformUpgraded
    FirstEnergy CapitalOutperformUpgraded
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    BMO CapitalMarket PerformMaintained
    Raymond JamesOutperformUpgraded
    Credit SuisseOutperformUpgraded

    Enerplus Corporation (ERF) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.263
    The average consensus EPS for ERF is $0.263 with a high estimate of $0.316 and Low of $0.216 for the period 2021-06-30 and based on 3 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.51$-0.0235330000000000022020-09-30


    The latest average Earning Per Share Estimate for Enerplus Corporation is $0.26, which is higher than ERF's last EPS, $-0.51. This means that Analysts are expecting Enerplus Corporation to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Enerplus Corporation.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.51$-0.0235330000000000022020-09-30
    $-0.19$-0.09650552020-06-30
    $0.01$0.03919812020-03-31
    $0.1$0.28171932019-12-31
    $0.28$0.28953672019-09-30
    $0.36$0.2600752019-06-30
    $0.08$0.217152019-03-31
    $1.02$0.3267352018-12-31
    $0.35$0.398952018-09-30
    $0.05$0.321182018-06-30
    $0.12$0.269336700000000042018-03-31
    $0.25$0.168670000000000012017-12-31
    $0.07$0.1012022017-09-30
    $0.28$0.147258000000000032017-06-30
    $0.31$0.025252017-03-31
    $-0.28$0.047472016-12-31
    $-0.42$-0.0229774999999999982016-09-30
    $-1.17$-0.093932016-06-30
    $-3.03$-0.087869999999999992015-12-31
    $-1.42$-0.09678832015-09-30
    $-1.52$0.059592015-06-30
    $-0.12$0.0181799999999999982015-03-31
    $0.73$0.21546332014-12-31
    $0.32$0.23232014-09-30
    $0.19$0.3032014-06-30
    $0.19$0.200992014-03-31
    $0.15$0.103022013-12-31
    $0.17$0.211423299999999982013-09-30
    $0.26$0.24485432013-06-30
    $0.19$0.157562013-03-31
    $0.87$0.147459999999999982012-12-31
    $0.27$0.068682012-09-30
    $0.51$-0.0300982012-06-30
    $-0.18$-0.0238362012-03-31
    $-1.66$0.16162011-12-31
    $0.62$0.247452011-09-30
    $1.49$0.171700000000000022011-06-30
    $0.02$0.08082011-03-31
    $-0.01$0.52522010-12-31
    $0.09$0.0479750000000000042010-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).