Enerplus Resources Fund New (NYSE:ERF) Just Reported Increased Shorts

January 18, 2018 - By Adrian Erickson

 Enerplus Resources Fund New (NYSE:ERF) Just Reported Increased Shorts

The stock of Enerplus Resources Fund New (NYSE:ERF) registered an increase of 11.2% in short interest. ERF’s total short interest was 4.72 million shares in January as published by FINRA. Its up 11.2% from 4.25M shares, reported previously. With 811,300 shares average volume, it will take short sellers 6 days to cover their ERF’s short positions. The short interest to Enerplus Resources Fund New’s float is 2.08%.

The stock decreased 1.30% or $0.14 during the last trading session, reaching $10.98. About 402,921 shares traded. Enerplus Corporation (NYSE:ERF) has risen 69.92% since January 18, 2017 and is uptrending. It has outperformed by 53.22% the S&P500.

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of natural gas and crude oil in the United States and Canada. The company has market cap of $2.62 billion. The companyÂ’s oil and natural gas properties are located primarily in North Dakota, Montana, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. It has a 3.21 P/E ratio. As of December 31, 2016, it had proved plus probable gross reserves of approximately 14.3 million barrels of light and medium crude oil; 39.0 MMbbls of heavy crude oil; 123.0 MMbbls of tight oil; 18.1 MMbbls of natural gas liquids; 126.3 billion cubic feet (Bcf) of conventional natural gas; and 1,002.8 Bcf of shale gas.

Enerplus Corporation (NYSE:ERF) Ratings Coverage

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enerplus Corp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Wednesday, August 17 by Canaccord Genuity. The stock has “Outperform” rating by Macquarie Research on Monday, June 6. On Monday, June 6 the stock rating was reinitiated by Raymond James with “Outperform”. The rating was initiated by Raymond James on Friday, December 18 with “Outperform”. The rating was downgraded by Macquarie Research to “Neutral” on Friday, January 8. The company was maintained on Monday, November 9 by RBC Capital Markets. The stock of Enerplus Corporation (NYSE:ERF) earned “Buy” rating by UBS on Monday, November 9. The stock of Enerplus Corporation (NYSE:ERF) has “Outperform” rating given on Friday, February 10 by BMO Capital Markets. FirstEnergy Capital upgraded Enerplus Corporation (NYSE:ERF) rating on Monday, August 10. FirstEnergy Capital has “Market Perform” rating and $12.50 target.

More notable recent Enerplus Corporation (NYSE:ERF) news were published by: Fool.ca which released: “Should You Buy Enerplus Corp After it Cut Its Dividend?” on February 24, 2015, also Fool.ca with their article: “Which Is a Better Buy Now: Enerplus Corp or Crescent Point Energy Corp?” published on April 15, 2015, Streetinsider.com published: “Form 6-K ENERPLUS Corp For: Jan 16” on January 16, 2018. More interesting news about Enerplus Corporation (NYSE:ERF) were released by: Fool.ca and their article: “3 Big Changes Are Coming to Enerplus Corp.” published on November 12, 2015 as well as Fool.ca‘s news article titled: “Should Enerplus Corp. Be Your Top Energy Pick?” with publication date: October 08, 2015.

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