February 23, 2018 / 4:40 PM / in 8 months

BUZZ-Enerplus Corp: Rises on profit beat

** Canadian oil and gas producer’s shares up 3.3 pct at C$13.32 as it beats Q4 profit expectation on higher prices

** Posts adjusted EPS of C$0.27 vs. analyst estimate of C$0.17

** Average selling price for crude oil rises 22.2 pct while price of natural gas climbs 4.8 pct

** Co produces 88,590 boe/d, beating its own estimate of 86,000-88,000 boe/d, driven by higher-than-expected North Dakota and Marcellus volumes

** Up to Thursday’s close, stock had risen 8.2 pct this year (Reporting by Akshara P in Bengaluru)

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