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Enerplus: 2018’s Third-Best-Performing Upstream Stock

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Enerplus: The third-best-performing upstream stock in 2018

In 2018, Enerplus (ERF) is the third-best-performing US upstream stock. Enerplus mainly operates in North American resource plays. Year-to-date in 2018, ERF has increased ~12% from its 2017 close of $9.79 to $10.95.

Enerplus is outperforming the SPDR S&P Oil and Gas Exploration & Production ETF (XOP) in 2018. XOP is down ~6%. ERF is also outperforming crude oil (USO) and natural gas (UNG). In 2018 so far, crude oil is up ~2%, whereas natural gas is down ~6%.

In comparison, the Energy Select Sector SPDR Fund (XLE) is down ~5% in 2018.

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Enerplus’s revenues and earnings

In 2017, Enerplus reported revenues of ~$935 million, which is ~35% higher than its earlier revenues of ~$693 million. In 2017, ERF reported a higher adjusted profit of ~$283 million from a loss of ~$529 million in 2016. On a per-share basis, ERF posted adjusted profit of $1.17 per share in 2017 versus a loss of $2.29 per share in 2016.

Next in this series, we’ll analyze the year-to-date performance of Anadarko Petroleum (APC) and its fundamental metrics.

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