Reason: Acquired by Chord Energy
Last recorded trade on: August 2, 2024
Source: https://www.offshore-technology.com/news/chord-energy-completes-enerplus-acquisition/
P/E ratio for Enerplus (ERF)
P/E ratio on August 2, 2024 (TTM): 5.37
According to Enerplus 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.37166. At the end of 2022 the company had a P/E ratio of 4.51.
P/E ratio history for Enerplus from 2001 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.51 | |
| 2020 | -1.35 | -86.4% |
| 2019 | -9.94 | |
| 2017 | 17.0 | 30.9% |
| 2016 | 13.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 16.6 | 209.58% | 🇺🇸 USA |
 | 10.5 | 95.31% | 🇺🇸 USA |
 | 11.3 | 109.91% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.