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Enerplus

DB:E17
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E17
DB
CA$641M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Enerplus has significant price volatility in the past 3 months.
E17 Share Price and Events
7 Day Returns
41.7%
DB:E17
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-76.3%
DB:E17
34.4%
DE Oil and Gas
-14.2%
DE Market
E17 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enerplus (E17) 41.7% -13.4% -69.1% -76.3% -75.3% -82.9%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • E17 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • E17 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
E17
Industry
5yr Volatility vs Market

Value

 Is Enerplus undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Enerplus to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enerplus.

DB:E17 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:E17
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 26.5%) (102.92%))
1.474
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.474 * 5.44%)
7.63%

Discounted Cash Flow Calculation for DB:E17 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Enerplus is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:E17 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.63%)
2020 -0.99 Analyst x7 -0.92
2021 15.72 Analyst x7 13.57
2022 116.00 Analyst x1 93.04
2023 222.00 Analyst x1 165.44
2024 311.47 Est @ 40.3% 215.66
2025 398.97 Est @ 28.09% 256.67
2026 476.96 Est @ 19.55% 285.09
2027 541.66 Est @ 13.57% 300.82
2028 592.47 Est @ 9.38% 305.72
2029 630.68 Est @ 6.45% 302.37
Present value of next 10 years cash flows CA$1,937.00
DB:E17 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$630.68 × (1 + -0.39%) ÷ (7.63% – -0.39%)
CA$7,834.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$7,834.55 ÷ (1 + 7.63%)10
CA$3,756.12
DB:E17 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,937.00 + CA$3,756.12
CA$5,693.12
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$5,693.12 / 222.56
CA$25.58
DB:E17 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E17 represents 0.6493x of TSX:ERF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.6493x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 25.58 x 0.6493
€16.61
Value per share (EUR) From above. €16.61
Current discount Discount to share price of €1.87
= -1 x (€1.87 - €16.61) / €16.61
88.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Enerplus is available for.
Intrinsic value
>50%
Share price is €1.87 vs Future cash flow value of €16.61
Current Discount Checks
For Enerplus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Enerplus's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Enerplus's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Enerplus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enerplus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E17 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-1.12
TSX:ERF Share Price ** TSX (2020-04-08) in CAD CA$2.88
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enerplus.

DB:E17 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ERF Share Price ÷ EPS (both in CAD)

= 2.88 ÷ -1.12

-2.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enerplus is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Enerplus is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Enerplus's expected growth come at a high price?
Raw Data
DB:E17 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
134.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Enerplus, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Enerplus's assets?
Raw Data
DB:E17 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$6.64
TSX:ERF Share Price * TSX (2020-04-08) in CAD CA$2.88
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:E17 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ERF Share Price ÷ Book Value per Share (both in CAD)

= 2.88 ÷ 6.64

0.43x

* Primary Listing of Enerplus.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enerplus is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Enerplus's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Enerplus has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Enerplus expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
134.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enerplus expected to grow at an attractive rate?
  • Enerplus's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Enerplus's earnings growth is expected to exceed the Germany market average.
  • Enerplus's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E17 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E17 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 134.9%
DB:E17 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -2.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:E17 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E17 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 648
2022-12-31 478
2021-12-31 1,123 428 87 4
2020-12-31 1,006 431 39 4
2020-04-08
DB:E17 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,172 694 -260
2019-09-30 1,173 727 419
2019-06-30 1,225 784 440
2019-03-31 1,229 688 368
2018-12-31 1,205 739 378
2018-09-30 1,154 652 144
2018-06-30 991 551 73
2018-03-31 898 508 190
2017-12-31 866 476 237
2017-09-30 819 416 1,062
2017-06-30 814 407 945
2017-03-31 768 370 647

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enerplus's earnings are expected to grow significantly at over 20% yearly.
  • Enerplus's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:E17 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Enerplus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E17 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.47 1.33 -0.22 4.00
2020-12-31 0.27 1.01 -0.23 5.00
2020-04-08
DB:E17 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -1.12
2019-09-30 1.77
2019-06-30 1.83
2019-03-31 1.51
2018-12-31 1.55
2018-09-30 0.59
2018-06-30 0.30
2018-03-31 0.78
2017-12-31 0.98
2017-09-30 4.40
2017-06-30 3.92
2017-03-31 2.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Enerplus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Enerplus's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Enerplus has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Enerplus performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Enerplus's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Enerplus does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Enerplus's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Enerplus's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Enerplus's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enerplus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E17 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,171.70 -259.72 72.85
2019-09-30 1,172.96 418.74 84.78
2019-06-30 1,224.69 440.48 79.14
2019-03-31 1,229.40 367.80 77.06
2018-12-31 1,205.45 378.28 75.78
2018-09-30 1,153.91 144.24 76.43
2018-06-30 990.65 73.44 75.88
2018-03-31 897.81 190.34 74.03
2017-12-31 866.38 237.00 74.30
2017-09-30 819.47 1,062.05 82.58
2017-06-30 813.65 945.23 83.46
2017-03-31 767.54 647.38 87.36
2016-12-31 685.32 397.42 86.32
2016-09-30 666.40 -1,067.90 76.81
2016-06-30 702.85 -1,259.87 89.23
2016-03-31 774.57 -1,403.86 94.24
2015-12-31 833.49 -1,523.40 103.87
2015-09-30 950.81 -746.76 110.17
2015-06-30 1,093.51 -386.67 104.08
2015-03-31 1,250.95 -34.17 108.00
2014-12-31 1,444.67 299.08 105.04
2014-09-30 1,454.36 177.05 109.51
2014-06-30 1,442.68 105.90 111.69
2014-03-31 1,371.19 104.41 108.17
2013-12-31 1,282.08 47.98 110.26
2013-09-30 1,260.06 -255.32 104.90
2013-06-30 1,181.80 -315.07 103.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Enerplus has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Enerplus has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Enerplus improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Enerplus's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Enerplus has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Enerplus's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Enerplus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Enerplus's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Enerplus's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Enerplus's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Enerplus Company Filings, last reported 3 months ago.

DB:E17 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,471.56 606.63 151.65
2019-09-30 1,955.26 618.36 96.98
2019-06-30 1,937.44 611.54 252.53
2019-03-31 1,959.89 682.77 319.00
2018-12-31 2,000.99 696.85 363.33
2018-09-30 1,762.03 661.20 347.61
2018-06-30 1,708.92 672.20 360.42
2018-03-31 1,667.96 688.37 396.40
2017-12-31 1,600.77 672.38 346.55
2017-09-30 1,577.39 667.32 349.05
2017-06-30 1,616.37 693.13 385.06
2017-03-31 1,527.37 744.00 4.16
2016-12-31 1,460.51 768.83 1.26
2016-09-30 601.17 729.08 75.01
2016-06-30 701.66 723.32 49.17
2016-03-31 646.69 994.12 1.28
2015-12-31 897.75 1,223.68 7.50
2015-09-30 1,498.08 1,229.47 2.92
2015-06-30 1,698.12 1,121.68 1.00
2015-03-31 2,066.86 1,274.81 2.60
2014-12-31 2,223.13 1,136.93 3.65
2014-09-30 2,056.00 1,093.21 2.10
2014-06-30 1,949.91 1,069.59 2.00
2014-03-31 1,987.28 1,041.03 5.74
2013-12-31 1,932.30 1,040.85 5.28
2013-09-30 3,091.80 999.90 19.11
2013-06-30 3,130.41 1,159.91 11.82
  • Enerplus's level of debt (41.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.2% vs 41.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Enerplus has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Enerplus has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -51% per year.
X
Financial health checks
We assess Enerplus's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enerplus has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Enerplus's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.17%
Current annual income from Enerplus dividends. Estimated to be 4.17% next year.
If you bought €2,000 of Enerplus shares you are expected to receive €83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enerplus's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Enerplus's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:E17 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:E17 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.12 1.00
2022-12-31 0.12 1.00
2021-12-31 0.12 12.00
2020-12-31 0.12 12.00
2020-04-08
DB:E17 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.120 5.466
2020-02-18 0.120 3.257
2020-01-20 0.120 1.710
2019-12-18 0.120 1.335
2019-11-15 0.120 1.416
2019-10-21 0.120 1.435
2019-09-19 0.120 1.295
2019-07-19 0.120 1.374
2019-06-18 0.120 1.249
2019-05-21 0.120 1.227
2019-04-18 0.120 1.008
2019-03-19 0.120 1.028
2019-02-15 0.120 1.055
2019-01-21 0.120 1.071
2018-12-17 0.120 1.074
2018-11-19 0.120 0.967
2018-10-19 0.120 0.952
2018-09-18 0.120 0.776
2018-08-20 0.120 0.761
2018-07-18 0.120 0.709
2018-05-17 0.120 0.739
2018-04-19 0.120 0.781
2018-03-19 0.120 0.824
2018-02-16 0.120 0.856
2018-01-19 0.120 0.886
2017-12-18 0.120 0.953
2017-11-20 0.120 1.055
2017-10-19 0.120 1.028
2017-09-18 0.120 1.025
2017-08-21 0.120 1.088
2017-07-20 0.120 1.075
2017-06-19 0.120 1.135
2017-05-16 0.120 1.104
2017-04-18 0.120 1.172
2017-03-17 0.120 1.137
2017-02-16 0.120 1.036
2017-01-20 0.120 1.002
2016-12-19 0.120 0.974
2016-11-18 0.120 1.037
2016-10-20 0.120 1.288
2016-09-19 0.120 1.361
2016-08-19 0.120 1.350
2016-07-19 0.120 1.406
2016-06-17 0.120 1.446
2016-04-21 0.120 1.712
2016-02-19 0.120 2.473
2016-02-18 0.360 8.750
2016-01-21 0.360 8.918
2015-12-18 0.360 9.120
2015-11-20 0.360 6.356
2015-10-20 0.600 8.901
2015-09-18 0.600 8.326
2015-08-20 0.600 8.079
2015-07-20 0.600 7.161
2015-06-19 0.600 5.631
2015-05-19 0.600 5.060
2015-04-20 0.600 4.214
2015-03-19 0.600 4.379
2015-02-17 1.080 8.494
2015-01-22 1.080 8.332
2014-12-18 1.080 10.007
2014-11-14 1.080 7.900
2014-10-20 1.080 6.581
2014-09-19 1.080 5.666
2014-08-26 1.080 4.796
2014-07-24 1.080 4.418
2014-06-27 1.080 4.189
2014-05-23 1.080 4.261
2014-04-24 1.080 4.539
2014-03-25 1.080 4.749
2014-02-21 1.080 5.039
2014-01-24 1.080 5.153
2013-12-20 1.080 5.562
2013-11-25 1.080 5.563
2013-10-25 1.080 5.845
2013-09-24 1.080 6.257
2013-08-26 1.080 6.089
2013-07-23 1.080 6.303
2013-06-26 1.080 6.683
2013-05-24 1.080 6.952
2013-04-23 1.080 7.284
2013-03-25 1.080 7.703
2013-02-21 1.080 7.535
2013-01-25 1.080 8.170
2012-12-21 1.080 8.237
2012-11-29 1.080 8.341
2012-10-30 1.080 7.987
2012-08-29 1.080 6.677
2012-07-31 1.080 7.257
2012-06-12 1.080 8.194
2012-05-29 2.160 15.504
2012-04-30 2.160 13.761
2012-03-29 2.160 11.278
2012-02-28 2.160 9.287
2012-01-31 2.160 9.030
2011-12-23 2.160 8.716
2011-11-29 2.160 8.412
2011-10-31 2.160 7.921
2011-09-29 2.160 8.127
2011-08-30 2.160 8.097
2011-07-29 2.160 7.803
2011-06-29 2.160 7.181
2011-05-31 2.160 7.155
2011-04-29 2.160 7.120
2011-03-31 2.160 7.183
2011-02-28 2.160 7.032
2010-12-20 2.160 6.863
2010-11-30 2.160 7.237
2010-10-29 2.160 7.580
2010-08-31 2.160 8.355
2010-07-29 2.160 9.075
2010-06-30 2.160 9.289
2010-05-31 2.160 9.202
2010-04-29 2.160 9.220
2010-03-31 2.160 8.919
2010-02-26 2.160 9.071
2010-01-29 2.160 9.345
2009-12-18 2.160 8.976
2009-11-30 2.160 9.041
2009-10-30 2.160 8.924
2009-09-30 2.160 8.822
2009-08-31 2.160 9.146
2009-07-29 2.160 9.403
2009-06-30 2.160 9.329
2009-05-29 2.160 8.537
2009-04-30 2.160 8.567

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Enerplus's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.4x coverage).
X
Income/ dividend checks
We assess Enerplus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Enerplus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enerplus has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Enerplus's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Dundas
COMPENSATION CA$4,343,636
AGE 51
TENURE AS CEO 6.8 years
CEO Bio

Mr. Ian Charles Dundas, B.Comm., LLB, has been the Chief Executive Officer and President at Enerplus Corporation since July 1, 2013. Mr. Dundas served as Chief Operating Officer at Enerplus Corporation from April 2011 to July 2013 and as its Executive Vice President from March 2010 to July 2013. Mr. Dundas served as an Executive Vice President at Enerplus Resources Fund since March 2010. Mr. Dundas served as Senior Vice President of Business Development at Enerplus Group since December 2002 and of Enermark Inc. from August 2004 to March 2010. He also served as Senior Vice President of Business and Development at Enerplus Resources Fund since July 2004. Prior to joining Enerplus, Mr. Dundas held several executive positions in the merchant banking business, where he helped oil and gas companies grow by accessing the funding and expertise they required. He served as Vice President and Director of Business & Development at Enermark Inc. since February 2003. He served as a Vice President of Merchant Capital at El Paso Merchant Energy Canada Inc. He served as Vice President of EGEM since August 2001. Prior thereto, he served as Chief Financial Officer and Vice President of Corporate Development at MedMira Inc., a publicly traded biotechnology company since 1999. From 1996 to 2000, he served as Associate, Manager and Director of the merchant capital group of Enron Canada Corp. Mr. Dundas has been a Director of Enerplus Corporation since July 1, 2013. Mr. Dundas is currently the Co-Chair of the YMCA Power of Potential Campaign Committee. Mr. Dundas serves as Member of Special Committee of Salamander Energy (Canada) Holdings Corp. He served as a Director of Mission Oil & Gas Inc. since November 11, 2004. Mr. Dundas served as a Director of SSP Offshore Inc. since December 2002 until September 2014. Mr. Dun das is a member of the Business Council of Canada and of the Board of Governors of the Canadian Association of Petroleum Producers. He served as a Director of Storm Resources Ltd. Mr. Dundas served as a Director of StarPoint Energy Ltd., an administrator of Starpoint Energy Trust. Mr. Dundas served as a Director of Crescent Point Resources Inc. He served as a Director of VenPath Investments Inc. since December 2002. He was admitted to the Alberta Bar in 1995. Mr. Dundas holds a Bachelor of Commerce (Distinction) degree from the University of Calgary and a Bachelor of Laws degree from the University of Alberta.

CEO Compensation
  • Ian's compensation has increased whilst company is loss making.
  • Ian's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Enerplus management team in years:

2.9
Average Tenure
51
Average Age
  • The tenure for the Enerplus management team is about average.
Management Team

Ian Dundas

TITLE
President
COMPENSATION
CA$4M
AGE
51
TENURE
6.8 yrs

Jodi Labrie

TITLE
Senior VP & CFO
COMPENSATION
CA$2M
TENURE
4.6 yrs

Ray Daniels

TITLE
Executive Officer
COMPENSATION
CA$2M
TENURE
0.2 yrs

Edward McLaughlin

TITLE
President of U.S. Operations
COMPENSATION
CA$2M
AGE
63
TENURE
7.9 yrs

Wade Hutchings

TITLE
Senior VP & COO
AGE
46
TENURE
0.2 yrs

Drew Mair

TITLE
Manager of Investor Relations

David McCoy

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
CA$815K

Garth Doll

TITLE
Vice President of Marketing
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Enerplus board of directors in years:

6.2
Average Tenure
61.5
Average Age
  • The tenure for the Enerplus board of directors is about average.
Board of Directors

Elliott Pew

TITLE
Independent Director
COMPENSATION
CA$323K
AGE
64
TENURE
5.8 yrs

Ian Dundas

TITLE
President
COMPENSATION
CA$4M
AGE
51
TENURE
6.8 yrs

Bob Hodgins

TITLE
Independent Director
COMPENSATION
CA$208K
AGE
68
TENURE
12.4 yrs

Hilary Foulkes

TITLE
Independent Board Chair
COMPENSATION
CA$194K
AGE
61
TENURE
6.2 yrs

Michael Culbert

TITLE
Independent Director
COMPENSATION
CA$208K
AGE
62
TENURE
6.2 yrs

Sue MacKenzie

TITLE
Independent Director
COMPENSATION
CA$198K
AGE
59
TENURE
8.8 yrs

Sheldon Steeves

TITLE
Independent Director
COMPENSATION
CA$198K
AGE
65
TENURE
7.8 yrs

Jeff Sheets

TITLE
Independent Director
COMPENSATION
CA$203K
AGE
61
TENURE
2.3 yrs

Karen Clarke-Whistler

TITLE
Independent Director
COMPENSATION
CA$203K
AGE
63
TENURE
1.3 yrs

Judy Buie

TITLE
Independent Director
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Enerplus individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy Daniel Fitzgerald Individual 31. Mar 20 31. Mar 20 3,650 €1.36 €4,968
28. Mar 20 Buy Terry Eichinger Individual 18. Mar 20 25. Mar 20 10,000 €1.48 €13,800
27. Mar 20 Buy Elliott Pew Individual 26. Mar 20 26. Mar 20 33,333 €1.36 €45,343
25. Mar 20 Buy Wade Hutchings Individual 23. Mar 20 23. Mar 20 40,000 €1.25 €49,106
23. Mar 20 Buy Wade Hutchings Individual 19. Mar 20 19. Mar 20 10,000 €1.34 €13,445
19. Mar 20 Buy Shaina Morihira Individual 19. Mar 20 19. Mar 20 35,000 €1.39 €48,512
19. Mar 20 Buy John Hoffman Individual 18. Mar 20 18. Mar 20 2,500 €1.18 €2,955
19. Mar 20 Buy Jodine J. Labrie Individual 18. Mar 20 18. Mar 20 20,000 €1.21 €24,218
19. Mar 20 Buy Ian Dundas Individual 18. Mar 20 19. Mar 20 50,000 €1.34 €64,113
10. Mar 20 Buy Karen Clarke-Whistler Individual 10. Mar 20 10. Mar 20 3,000 €1.97 €5,913
10. Mar 20 Buy Daniel Fitzgerald Individual 10. Mar 20 10. Mar 20 17,650 €2.02 €35,624
11. Mar 20 Buy Garth Doll Individual 10. Mar 20 10. Mar 20 5,500 €1.87 €10,246
11. Mar 20 Buy Terry Eichinger Individual 10. Mar 20 10. Mar 20 7,000 €1.85 €12,966
11. Mar 20 Buy Hilary Foulkes Individual 10. Mar 20 10. Mar 20 3,500 €1.85 €6,461
11. Mar 20 Buy Elliott Pew Individual 10. Mar 20 10. Mar 20 21,700 €2.02 €43,877
09. Mar 20 Buy Nathan Fisher Individual 06. Mar 20 06. Mar 20 5,000 €3.24 €16,204
09. Mar 20 Buy John Hoffman Individual 06. Mar 20 09. Mar 20 8,000 €3.19 €19,875
09. Mar 20 Buy Edward McLaughlin Individual 06. Mar 20 06. Mar 20 2,777 €3.16 €8,767
09. Mar 20 Buy Ian Dundas Individual 06. Mar 20 06. Mar 20 5,000 €3.23 €16,174
09. Mar 20 Buy Hilary Foulkes Individual 06. Mar 20 06. Mar 20 6,000 €3.25 €19,527
09. Mar 20 Buy Elliott Pew Individual 06. Mar 20 06. Mar 20 13,890 €3.17 €44,084
02. Mar 20 Buy Elliott Pew Individual 27. Feb 20 27. Feb 20 22,940 €3.94 €90,287
04. Mar 20 Buy John Hoffman Individual 02. Mar 20 02. Mar 20 5,000 €3.83 €19,163
03. Mar 20 Buy Wade Hutchings Individual 03. Mar 20 03. Mar 20 47,000 €3.81 €179,116
28. Feb 20 Buy Jodine J. Labrie Individual 27. Feb 20 27. Feb 20 10,000 €3.93 €39,343
25. Feb 20 Buy Jodine J. Labrie Individual 25. Feb 20 25. Feb 20 10,000 €4.21 €42,127
27. Jan 20 Sell Garth Doll Individual 31. Dec 19 31. Dec 19 -11,834 €6.40 €-75,693
27. Jan 20 Sell Terry Eichinger Individual 31. Dec 19 31. Dec 19 -28,998 €6.40 €-185,478
27. Jan 20 Sell Nathan Fisher Individual 31. Dec 19 31. Dec 19 -66,613 €6.40 €-426,072
27. Jan 20 Sell Shaina Morihira Individual 31. Dec 19 31. Dec 19 -25,297 €6.40 €-161,806
27. Jan 20 Sell John Hoffman Individual 31. Dec 19 31. Dec 19 -50,901 €6.40 €-325,575
27. Jan 20 Sell Daniel Fitzgerald Individual 31. Dec 19 31. Dec 19 -49,975 €6.40 €-319,652
27. Jan 20 Sell Raymond Daniels Individual 31. Dec 19 31. Dec 19 -135,757 €6.40 €-868,334
27. Jan 20 Sell Jodine J. Labrie Individual 31. Dec 19 31. Dec 19 -130,312 €6.40 €-833,506
27. Jan 20 Sell Edward McLaughlin Individual 31. Dec 19 31. Dec 19 -89,157 €6.40 €-570,269
27. Jan 20 Sell David McCoy Individual 31. Dec 19 31. Dec 19 -60,873 €6.40 €-389,358
27. Jan 20 Sell Ian Dundas Individual 31. Dec 19 31. Dec 19 -319,291 €6.40 €-2,042,260
10. Jan 20 Buy Jeffrey Sheets Individual 10. Jan 20 10. Jan 20 5,963 €6.08 €36,244
15. Nov 19 Buy Garth Doll Individual 12. Nov 19 12. Nov 19 2,700 €5.83 €15,731
20. Jun 19 Buy Garth Doll Individual 20. Jun 19 20. Jun 19 2,000 €6.66 €13,319
22. Nov 19 Buy John Hoffman Individual 19. Nov 19 19. Nov 19 2,000 €5.46 €10,916
15. Nov 19 Buy Nathan Fisher Individual 14. Nov 19 14. Nov 19 5,000 €5.90 €29,513
24. Jul 19 Buy Karen Clarke-Whistler Individual 18. Jul 19 22. Jul 19 1,000 €5.93 €5,914
17. Jun 19 Buy Karen Clarke-Whistler Individual 17. Jun 19 17. Jun 19 1,000 €6.05 €6,050
16. Jun 19 Buy Ian Dundas Individual 14. Jun 19 14. Jun 19 1,000 €5.95 €5,950
13. Jun 19 Buy Shaina Morihira Individual 13. Jun 19 13. Jun 19 7,500 €6.05 €45,358
13. Jun 19 Buy Ian Dundas Individual 13. Jun 19 13. Jun 19 1,000 €6.03 €6,029
12. Jun 19 Buy Ian Dundas Individual 12. Jun 19 12. Jun 19 1,000 €5.95 €5,953
11. Jun 19 Buy Ian Dundas Individual 11. Jun 19 11. Jun 19 1,000 €6.06 €6,060
06. Jun 19 Buy Jodine J. Labrie Individual 06. Jun 19 06. Jun 19 5,000 €6.20 €30,993
X
Management checks
We assess Enerplus's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Enerplus has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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’s oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2019, it had proved plus probable gross reserves of approximately 10.6 million barrels (MMbbls) of light and medium crude oil; 26.6 MMbbls of heavy crude oil; 181.1 MMbbls of tight oil; 22.7 MMbbls of natural gas liquids; 31.6 billion cubic feet (Bcf) of conventional natural gas; and 1,167.3 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.

Details
Name: Enerplus Corporation
E17
Exchange: DB
Founded: 1986
CA$421,012,691
222,563,267
Website: http://www.enerplus.com
Address: Enerplus Corporation
The Dome Tower,
Suite 3000,
Calgary,
Alberta, T2P 2Z1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ERF Common Shares The Toronto Stock Exchange CA CAD 18. Jan 1990
NYSE ERF Common Shares New York Stock Exchange US USD 18. Jan 1990
DB E17 Common Shares Deutsche Boerse AG DE EUR 18. Jan 1990
Number of employees
Current staff
Staff numbers
383
Enerplus employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 23:50
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.