Encana Corp. (NYSE:ECA)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday.
Several other brokerages have also issued reports on ECA. RBC Capital Markets restated a “sector perform” rating and issued a $10.00 target price (up from $9.00) on shares of Encana Corp. in a research note on Monday, September 12th. Royal Bank Of Canada lowered their target price on Encana Corp. from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, September 12th. Nomura boosted their target price on Encana Corp. from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, September 12th. KLR Group assumed coverage on Encana Corp. in a research note on Monday, August 29th. They issued a “hold” rating and a $10.00 target price on the stock. Finally, Jefferies Group restated a “buy” rating and issued a $13.00 target price on shares of Encana Corp. in a research note on Tuesday, September 20th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.62.
Shares of Encana Corp. (NYSE:ECA) opened at 10.47 on Thursday. The stock’s 50 day moving average price is $9.76 and its 200-day moving average price is $7.96. Encana Corp. has a 52 week low of $3.00 and a 52 week high of $10.75. The firm’s market capitalization is $8.90 billion.
Encana Corp. (NYSE:ECA) last issued its earnings results on Thursday, July 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.19. Encana Corp. had a positive return on equity of 0.79% and a negative net margin of 81.73%. During the same period last year, the firm earned ($0.20) EPS. Equities analysts predict that Encana Corp. will post ($0.04) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, September 13th. Encana Corp.’s dividend payout ratio is presently -1.79%.
Large investors have recently modified their holdings of the stock. BB&T Securities LLC boosted its stake in shares of Encana Corp. by 22.6% in the first quarter. BB&T Securities LLC now owns 17,754 shares of the company’s stock valued at $108,000 after buying an additional 3,270 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Encana Corp. by 39.6% in the first quarter. Loomis Sayles & Co. L P now owns 21,274 shares of the company’s stock valued at $130,000 after buying an additional 6,036 shares in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Encana Corp. during the second quarter valued at $154,000. Stevens Capital Management LP bought a new stake in shares of Encana Corp. during the second quarter valued at $165,000. Finally, Advisor Group Inc. bought a new stake in shares of Encana Corp. during the second quarter valued at $182,000. Institutional investors own 64.68% of the company’s stock.
Encana Corp. Company Profile
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
Receive News & Ratings for Encana Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp. and related companies with MarketBeat.com's FREE daily email newsletter.