Shares of Enerplus 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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