ECA has been the topic of several other research reports. KLR Group started coverage on shares of Encana Corp. in a report on Monday, August 29th. They issued a hold rating and a $10.00 target price on the stock. Nomura reiterated a buy rating and set a $17.00 price target on shares of Encana Corp. in a research note on Monday, September 26th. CIBC upgraded shares of Encana Corp. to a sector perform rating and lifted their price target for the stock from $8.00 to $12.00 in a research note on Friday, September 30th. Royal Bank Of Canada dropped their price target on shares of 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Encana Corp. presently has an average rating of Hold and a consensus target price of $11.11.
Shares of Encana Corp. (NYSE:ECA) traded down 0.93% on Thursday, reaching $10.63. 9,584,203 shares of the company traded hands. Encana Corp. has a 1-year low of $3.00 and a 1-year high of $11.23. The stock has a 50-day moving average price of $9.90 and a 200 day moving average price of $8.10. The firm’s market capitalization is $9.03 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, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.19. Encana Corp. had a negative net margin of 81.73% and a positive return on equity of 0.79%. During the same period in the previous year, the company earned ($0.20) EPS. Analysts anticipate that Encana Corp. will post ($0.04) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, September 13th. Encana Corp.’s dividend payout ratio (DPR) is currently -1.79%.
Several institutional investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC boosted its position in 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 during the period. Loomis Sayles & Co. L P boosted its position in 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 during the period. Carnick & Kubik Group LLC acquired a new position in Encana Corp. during the second quarter valued at approximately $154,000. Stevens Capital Management LP acquired a new position in Encana Corp. during the second quarter valued at approximately $165,000. Finally, Eqis Capital Management Inc. acquired a new position in Encana Corp. during the third quarter valued at approximately $171,000. 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.
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