Enerplus Corporation (NYSE:ERF) is reporting third quarter earnings results on Friday 6th November 2020, before market open.
Previous Quarter Performance
Enerplus Corporation revealed loss for the second quarter of $ 0.14 per share, from the revenue of $ 88.05 million. The consensus estimates are income of $ 0.22 per share from $ 241.79 million in revenue. The bottom line results missed street analysts by $ 0.36 or 163.64 percent, at the same time, top line results fell short of analysts by $ 153.74 million or 63.58 percent.
Stock Performance
Shares of Enerplus Corporation traded low $ -0.02 or -1.10 percent on Thursday, reaching $ 1.80 with volume of 911.10 thousand shares. Enerplus Corporation has traded high as $ 1.87 and has cracked $ 1.77 on the downward trend
According to the previous trading day, closing price of $ 1.80, representing a 58.26 % increase from the 52 week low of $ 1.15 and a 75.24 % decrease over the 52 week high of $ 7.35.
The company has a market capital of $ 399.53 million and is part of the Energy sector and Oil & Gas E&P industry.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The companys oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2018, it had proved plus probable gross reserves of approximately 12.7 million barrels (MMbbls) of light and medium crude oil; 28.4 MMbbls of heavy crude oil; 167.2 MMbbls of tight oil; 21.1 MMbbls of natural gas liquids; 41.1 billion cubic feet (Bcf) of conventional natural gas; and 1,149.5 Bcf of shale gas.
