Enerplus Corp (USA) (ERF) Releases Earnings Results, Misses Expectations By $-0.68 EPS

Enerplus Corp (USA) (ERF) reported quarterly earnings results on Friday, May-6-2016. The company reported $-0.84 earnings per share for the quarter, missing the analyst consensus estimate by $-0.68. Analysts had a consensus of $-0.16. The company posted revenue of $156.10 million in the period, compared to analysts expectations of $186.73 million. The company’s revenue was down -38.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.42 EPS.

Many Wall Street Analysts have commented on Enerplus Corp (USA). Enerplus Corp (USA) was Upgraded by Barclays to ” Overweight” on Apr 18, 2016.

Enerplus Corp (USA) closed down -0.05 points or -1.02% at $4.86 with 9,45,261 shares getting traded on Wednesday. Post opening the session at $4.94, the shares hit an intraday low of $4.71 and an intraday high of $5.0815 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Enerplus Corporation is a Canada-based energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation which includes its North Dakota and Montana crude oil assets in the Williston Basin and its natural gas interests in northeast Pennsylvania. The Company’s oil and natural gas property interests are located in western Canada in the provinces of Alberta British Columbia and Saskatchewan and in the United States primarily in the states of Montana North Dakota Pennsylvania and West Virginia. The Company’s properties consist of approximately 42% crude oil and natural gas liquids (NGLs) and 58% natural gas properties. The Company drilled around 14 wells at Brooks; seven injection wells and seven production wells at Medicine Hat and 27.2 net horizontal wells in the Fort Berthold region. It has around 71 net producing wells in the Marcellus. Enerplus USA is a subsidiary of the Company.

Enerplus Corp (USA)

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