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

Enerplus Corp (USA) (ERF) reported quarterly earnings results on Friday, Aug-5-2016. The company reported $-0.77 earnings per share for the quarter, missing the analyst consensus estimate by $-0.68. Analysts had a consensus of $-0.09. Analysts expectations of $206.41 million. During the same quarter in the previous year, the company posted $-1.52 EPS.

Many Wall Street Analysts have commented on Enerplus Corp (USA). Enerplus Corp (USA) was Upgraded by Macquarie to ” Outperform” on Jun 6, 2016. Enerplus Corp (USA) was Resumed by Raymond James to “Outperform” on Jun 6, 2016.

Enerplus Corp (USA) opened for trading at $6.05 and hit $6.32 on the upside on Thursday, eventually ending the session at $6.28, with a gain of 2.61% or 0.16 points. The heightened volatility saw the trading volume jump to 8,74,459 shares. Company has a market cap of $1,301 M.

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)

Leave a Reply

Enerplus Corp (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Enerplus Corp (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.