Enerplus Resources Fund (NYSE:ERF) issued its quarterly earnings data on Friday. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.07, Analyst Ratings Network reports.
Shares of Enerplus Resources Fund (NYSE:ERF) opened at 17.28 on Monday. Enerplus Resources Fund has a 52-week low of $11.47 and a 52-week high of $17.69. The stock has a 50-day moving average of $16.85 and a 200-day moving average of $16.02. The company’s market cap is $3.475 billion.
ERF has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Enerplus Resources Fund from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $18.40 price target on the stock. On the ratings front, analysts at RBC Capital upgraded shares of Enerplus Resources Fund from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $22.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Enerplus Resources Fund currently has a consensus rating of “Buy” and an average price target of $17.32.
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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