Enerplus Resources Fund Declares Monthly Dividend of $0.09 (ERF)
Enerplus Resources Fund (NYSE:ERF) announced a monthly dividend on Tuesday, September 24th, American Banking & Market News reports. Shareholders of record on Friday, October 4th will be paid a dividend of $0.088 per share on Monday, October 21st. This represents a $1.06 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Wednesday, October 2nd.
A number of analysts have recently weighed in on ERF shares. Analysts at Zacks downgraded shares of Enerplus Resources Fund (NYSE:ERF) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $18.40 price target on the stock. Analysts at Scotiabank upgraded shares of Enerplus Resources Fund (NYSE:ERF) from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, July 8th.
Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.70.
Enerplus Resources Fund (NYSE:ERF) remained flat at $17.11 during during mid-day trading trading on Tuesday. 265,811 shares of the company’s stock traded hands. Enerplus Resources Fund has a 52-week low of $11.47 and a 52-week high of $17.69. The stock’s 50-day moving average is $16.89 and its 200-day moving average is $15.39. The company’s market cap is $3.441 billion.
Enerplus Resources Fund (NYSE:ERF) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01. On average, analysts predict that Enerplus Resources Fund will post $0.87 earnings per share for the current fiscal year.
Enerplus Corporation (NYSE:ERF), formerly Enerplus Resources Fund, has oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia, Saskatchewan and Manitoba, and in the United States in the states of Montana, North Dakota, Maryland, Pennsylvania, West Virginia, Wyoming and Utah.
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