Market Overview

Enerplus: Q3 Earnings Insights

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Shares of Enerplus (NYSE:ERF) moved higher by 1.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 77.78% year over year to $0.06, which missed the estimate of $0.11.

Revenue of $144,319,000 decreased by 43.99% from the same period last year, which missed the estimate of $224,810,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Enerplus hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 06, 2020

Time: 11:00 AM

ET Webcast URL: https://produceredition.webcasts.com/starthere.jsp?ei=1382966&tp_key=bd5166311d

Price Action

Company's 52-week high was at $7.35

52-week low: $1.15

Price action over last quarter: down 40.00%

Company Overview

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. Majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.

 

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