Enerplus Resources Fund Sets New 1-Year High at $19.15 (ERF)
Enerplus Resources Fund (NYSE:ERF) set a new 52-week high during trading hours on Wednesday, AnalystRatings.NET reports. The company traded as high as $19.15 and last traded at $18.90, with a volume of 806,569 shares. The stock had previously closed at $18.53.
ERF has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of Enerplus Resources Fund from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, December 3rd. Analysts at Zacks downgraded shares of Enerplus Resources Fund from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 15th. They now have a $19.30 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Enerplus Resources Fund currently has an average rating of “Buy” and an average price target of $18.10.
Enerplus Resources Fund has a one year low of $12.03 and a one year high of $18.79. The stock has a 50-day moving average of $17.99 and a 200-day moving average of $17.35. The company’s market cap is $3.847 billion.
Enerplus Resources Fund (NYSE:ERF) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.07. On average, analysts predict that Enerplus Resources Fund will post $0.64 earnings per share for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Thursday, February 20th. Investors of record on Wednesday, February 5th will be given a dividend of 0.0812 per share. The ex-dividend date of this dividend is Monday, February 3rd.
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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