Benzinga | Aug 7, 2020 07:20AM EDT

Recap: Enerplus Q2 Earnings

Shares of Enerplus (NYSE:ERF) rose 0.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 158.33% over the past year to ($0.14), which may not compare to the estimate of $0.22.

Revenue of $88,048,000 declined by 66.79% year over year.

Guidance

Enerplus hasn't issued any earnings guidance for the time being.

Enerplus hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 07, 2020

Time: 11:00 AM

ET Webcast URL: https://produceredition.webcasts.com/starthere.jsp?ei=1338878&tp_key=8226100b06

Technicals

52-week high: $8.43

52-week low: $1.15

Price action over last quarter: Up 18.62%

Company Description

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.