A number of other research firms also recently issued reports on ECA. Nomura lifted their price target on Encana Corp. from $12.00 to $15.00 and gave the company a buy rating in a research note on Monday, September 12th. Zacks Investment Research downgraded Encana Corp. from a buy rating to a hold rating in a research note on Wednesday, July 13th. Deutsche Bank AG reiterated a buy rating and set a $13.00 price target (down previously from $15.00) on shares of Encana Corp. in a research note on Thursday, September 29th. BMO Capital Markets reiterated a buy rating and set a $10.00 price target on shares of Encana Corp. in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada cut their price target on Encana Corp. from $10.00 to $9.00 and set a sector perform rating for the company in a research note on Monday, September 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $11.11.
Encana Corp. (NYSE:ECA) traded down 0.979% during trading on Thursday, reaching $10.625. The company’s stock had a trading volume of 9,595,502 shares. The stock’s market cap is $9.03 billion. The company’s 50 day moving average price is $9.90 and its 200-day moving average price is $8.10. Encana Corp. has a 1-year low of $3.00 and a 1-year high of $11.23.
Encana Corp. (NYSE:ECA) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted ($0.20) earnings per share. Equities analysts forecast that Encana Corp. will post ($0.04) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, September 13th. Encana Corp.’s payout ratio is -1.79%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. AXA increased its position in shares of Encana Corp. by 14.3% in the first quarter. AXA now owns 32,273 shares of the company’s stock worth $198,000 after buying an additional 4,040 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Encana Corp. during the first quarter worth about $2,257,000. UBS Asset Management Americas Inc. increased its position in shares of Encana Corp. by 8.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,120,040 shares of the company’s stock worth $12,982,000 after buying an additional 168,638 shares in the last quarter. BB&T Securities LLC increased its position 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 worth $108,000 after buying an additional 3,270 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of Encana Corp. by 4.3% in the first quarter. Credit Agricole S A now owns 93,980 shares of the company’s stock worth $573,000 after buying an additional 3,867 shares in the last quarter. 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.
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