Shares of Enerplus (NYSE:ERF) rose 1.2% in pre-market trading after the company reported Q1 results.
Earnings per share fell 68.18% year over year to $0.07, which missed the estimate of $0.11.
Revenue of $170,183,000 up by 13.52% from the same period last year, which missed the estimate of $224,810,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: May 08, 2020
Company's 52-week high was at $9.23
Company's 52-week low was at $1.15
Price action over last quarter: down 46.72%
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.