ERF Stock Recent News
ERF LATEST HEADLINES
Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
An upward cost trend is anticipated to have affected Enerplus' (ERF) earnings in Q3.
ERF, EPM and SUN appear well-positioned to benefit from the current dynamics in the energy market, as crude oil prices continue their upward trajectory.
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Enerplus is expected to generate over $250 million in free cash flow in 2H 2023 at current strip prices. It intends to use the majority of this to repurchase shares. Enerplus is projected to end 2023 with around 204 million shares and less than $100 million in net debt.
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STLA, BSVN and ERF made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 17, 2023.
Enerplus Corporation is a Canadian independent E&P that operates in the Bakken Shale and Marcellus region. The company's production is a blend of crude oil and natural gas, which is nice as the fundamentals of both products are pretty good right now. The company has strong free cash flow, but it is spending it on buybacks instead of dividends and this appears to be handicapping the company's total returns.
You get what you pay for is not just an adage in retail but also in the equities sector, which then raises doubts about stocks under $20 to buy. While everybody likes a good deal, sometimes a deal can be too good.