How to Buy Enerplus Stock
Enerplus Corp
Enerplus is a oil and gas company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker ERF on the NYSE exchange.
Enerplus stock last closed at $20.51, up 0.34% from the previous day, and has increased 42.63% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.18 percentage points. Enerplus stock is currently +52.38% from its 52-week low of $13.46, and -2.17% from its 52-week high of $20.97.
There are currently 204.62M shares of ERF outstanding. The market capitalization of ERF is $4.20B. In the past 24 hours, 1.52M ERF shares were traded.
How to Buy Enerplus Stock
Not sure how to invest in Enerplus stock? Here's how.
- Choose where to buy Enerplus stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Enerplus stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Analyze Enerplus stock: The Enerplus ticker symbol is ERF. Is Enerplus stock a good investment? Should you buy shares of ERF? How do ERF's underlying business fundamentals look? Do top analysts think Enerplus is a good buy? Why has ERF's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ERF is a good stock to buy).
- Place your ERF purchase: Decide if you will purchase ERF shares at the current market price or use a limit order to purchase ERF stock at a particular price.
- Get updates on your ERF investment: Create a watchlist to get live updates on your new investment in Enerplus stock.
Step 1: Choose where to buy Enerplus stock
You need an online brokerage account to access the NYSE market and buy ERF shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. Here's why:
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to buy ERF stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on stock apps to use, you can securely and quickly fund your account:
Watch the video below for more details depositing funds into your brokerage account.
Step 4: Analyze Enerplus stock
After you have figured out the best place to buy Enerplus stock, it's absolutely critical to evaluate their stock prior to buying, so you can wrap your head around the risk and opportunity.
Enerplus stock quick numbers
ERF Fundamentals
WallStreetZen was designed to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on ERF's stock page.
Is ERF stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ERF's true value.
Using relative valuations methods:
- ERF could be undervalued based on its P/E ratio of 9.5x, relative to Oil & Gas E&P industry P/E ratio of 15.54x
- ERF could be overvalued based on its P/B ratio of 3.42x, relative to Oil & Gas E&P industry P/B ratio of 2.17x
- ERF could be undervalued based on its PEG ratio of 0.99x
You can do more valuation analysis on ERF's stock here.
Is ERF a healthy company?
Positive Financial Indicators:
- ERF's operating cash flow of $938.19M allows it to safely service it's debt of $212.45M.
- ERF earnings of $585.03M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ERF balance sheet.
Negative Financial Indicators:
- ERF profit margin has gone down from 42.4% to 26.9% in the past year.
- ERF has a relatively high debt to equity ratio of 0.69.
- Total ERF debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the ERF balance sheet.
Do Wall Street analysts think it's a good time to buy Enerplus stock
Out of 1 Equities analysts who give recommendations on ERF, the consensus analyst rating on ERF is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Enerplus stock forecast page.
ERF Momentum
ERF Growth Metrics
Last year, ERF earnings were $456.08M. Over the last 5 year, ERF's earnings have grown by 13.18% per year. This was faster than the Oil & Gas E&P industry average of 13.01%.
Last year, ERF revenue was $1.69B. Over the last 5 year, ERF's revenue has increased by 10.34% per year. This was slower than the Oil & Gas E&P industry average of 19.17%.
You can analyze ERF's earnings and revenue performance here.
Are ERF insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at ERF have not bought or sold any shares.
Learn more about who owns ERF shares here.
Can I rely on ERF as an income stream?
Enerplus pays a dividend of 1.17%, compared to the Oil & Gas E&P industry's average dividend yield of 3.6%. If you owned $1,000 of ERF stock, you would have been paid $11.67 last year.
Enerplus dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Enerplus dividend yield and history here.
What do other investors have to say about ERF?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your ERF purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you want additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your ERF investment
Now that you own some ERF shares, you'll want to keep up with your company.
Start a watchlist to get alerted to the latest events about your ERF stock.
ERF Feed
How to Buy Stock in Enerplus
To summarize, here are the 6 steps you need to take to buy Enerplus stock right now:
- Choose where to buy Enerplus stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Enerplus stock
- Place your ERF purchase
- Get updates on your ERF investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Enerplus, click the button below.
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