Last C$12.59 CAD
Change Today -0.21 / -1.64%
Volume 1.8M
ERF On Other Exchanges
Symbol
Exchange
New York
Toronto
As of 4:36 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

enerplus corp (ERF) Snapshot

Open
C$12.95
Previous Close
C$12.80
Day High
C$13.00
Day Low
C$12.59
52 Week High
07/2/14 - C$27.05
52 Week Low
12/16/14 - C$9.02
Market Cap
2.6B
Average Volume 10 Days
2.2M
EPS TTM
C$1.95
Shares Outstanding
205.6M
EX-Date
--
P/E TM
6.4x
Dividend
C$0.60
Dividend Yield
8.58%
Current Stock Chart for ENERPLUS CORP (ERF)

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enerplus corp (ERF) Details

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 primarily has interests in approximately 162,000 net acres of lands comprising approximately 77,000 net acres targeting the Stacked Mannville zones and 85,000 net acres targeting the Duvernay formation in the Deep Basin region, Canada. As of December 31, 2014, it had proved plus probable gross reserves of 157,293 thousand barrels (Mbbls) of light and medium crude oil; 43,138 Mbbls of heavy crude oil; 12,798 Mbbls of natural gas liquids; 456,430 million cubic feet (MMcf) of natural gas; and 839,940 MMcf of shale gas. The company was founded in 1986 and is headquartered in Calgary, Canada.

726 Employees
Last Reported Date: 02/20/15
Founded in 1986

enerplus corp (ERF) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$470.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$377.0K
Senior Vice President of Operations
Total Annual Compensation: C$352.6K
President of U.S. Operations
Total Annual Compensation: C$316.2K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$317.8K
Compensation as of Fiscal Year 2013.

enerplus corp (ERF) Key Developments

Enerplus Corporation Provides Dividend Guidance for the Month of April 2015

Enerplus Corporation provided dividend guidance for the month of April 2015. For the month, the company planned to reduce its monthly dividend to $0.05 per share from $0.09 per share.

Enerplus Corporation Announces Financial and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Operating and Capital Expenditure Guidance for the Fiscal Year 2015

Enerplus Corporation announced financial and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, net income was CAD 151,652,000 or CAD 0.74 per share against CAD 29,626,000 or CAD 0.15 per share a year ago. Capital spending was CAD 180,999,000 against CAD 223,035,000 a year ago. For the year, net income was CAD 299,076,000 or CAD 1.46 per share against net loss of CAD 47,976,000 or CAD 0.24 per share a year ago. Capital spending was CAD 811,026,000 against CAD 681,437,000 a year ago. The company announced operating results for the fourth quarter and year ended December 31, 2014. Production continued to grow during the fourth quarter averaging approximately 105,600 BOE per day, up modestly from the previous quarter despite the sale of non-core production completed on September 30, 2014. Compared to the same period in 2013, fourth quarter production was up 12%. Crude oil and natural gas liquids accounted for 44% of fourth quarter volumes. Natural gas production from the Marcellus increased 5% from the previous quarter, despite an average of 6,000 to 7,000 BOE per day of production. Average Daily Production of Crude oil was 42,818 bbls/day against 37,731 bbls/day a year ago. Average Daily Production of NGLs was 3,487 bbls/day against 3,813 bbls/day a year ago. Average Daily Production of Natural gas was 355,709 Mcf/day against 315,739 Mcf/day a year ago. The company annual production growth of 15% in 2014, exceeding both annual and exit production forecasts for the year. Daily production averaged 89,793 BOE against 82,098 BOE a year ago. This growth was due to the acquisition of additional working interests in the Marcellus in the fourth quarter of 2013, and the success of Marcellus development program throughout the year which resulted in a doubling of production, from 95 MMcf per day in 2013 to approximately 188 MMcf per day in 2014. Average daily production of Crude oil was 40,208 bbls/day against 38,250 bbls/day a year ago. Average daily production of NGLs was 3,565 bbls/day against 3,472 bbls/day a year ago. Average daily production of Natural gas was 356,142 Mcf/day against 288,423 Mcf/day a year ago. The company have 52% of forecasted net crude oil production after royalties hedged at just under USD 92 per barrel for the first half of the year, and 26% hedged for the second half of the year at just under USD 94 per barrel. In relation to these crude oil swaps, the company have sold puts that effectively convert a portion of these swaps (approximately 13% of forecasted net production) to a WTI monthly index price plus USD 30.30 per barrel if actual WTI monthly average prices settle below USD 62.23 per barrel. The company also have approximately 40% of forecasted natural gas production after royalties protected at an average floor price of USD 4.14 per Mcf in 2015. The company expects costs on a BOE basis to increase to CAD 11.10 per BOE in 2015. The company reducing its capital spending outlook to CAD 480 million. Annual average daily production is expected to be in the range of 93,000 to 100,000 BOE/day.

Enerplus Eyes Acquisitions

Enerplus Corporation (TSX:ERF) is looking for acquisition opportunities. Ian Dundas, President and Chief Executive Officer of Enerplus, said, "While these measures have modest implications to near-term funds flow, our primary focus is on balance sheet preservation and maximizing returns for our shareholders. This strategy positions us to re-establish profitable growth in the future and also consider acquisitions to complement our organic development inventory."

 

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Valuation ERF Industry Range
Price/Earnings 8.1x
Price/Sales 1.6x
Price/Book 1.1x
Price/Cash Flow 2.8x
TEV/Sales 0.8x
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