ECA has been the topic of a number of other reports. KLR Group assumed coverage on Encana Corp. in a report on Monday, August 29th. They issued a hold rating and a $10.00 target price on the stock. Nomura restated a buy rating and set a $17.00 price objective on shares of Encana Corp. in a research note on Monday, September 26th. CIBC upgraded Encana Corp. to a sector perform rating and raised their price objective for the company from $8.00 to $12.00 in a research note on Friday, September 30th. Royal Bank Of Canada dropped their price objective 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. Finally, Deutsche Bank AG restated a buy rating and set a $13.00 price objective (down from $15.00) on shares of Encana Corp. in a research note on Thursday, September 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Encana Corp. currently has an average rating of Hold and a consensus price target of $11.88.
Encana Corp. (NYSE:ECA) opened at 11.09 on Thursday. The company has a 50 day moving average of $9.94 and a 200 day moving average of $8.20. Encana Corp. has a 1-year low of $3.00 and a 1-year high of $11.31. The firm’s market capitalization is $9.43 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 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 period in the previous year, the company posted ($0.20) EPS. On average, equities research analysts anticipate 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. Shareholders of record on Thursday, September 15th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, September 13th. Encana Corp.’s payout ratio is presently -1.79%.
A number of hedge funds and other institutional investors have recently bought and sold shares of ECA. Norges Bank bought a new position in Encana Corp. during the fourth quarter worth $33,438,000. Virginia Retirement System acquired a new stake in shares of Encana Corp. during the first quarter worth about $1,500,000. BlackRock Inc. increased its stake in shares of Encana Corp. by 7,416.7% in the first quarter. BlackRock Inc. now owns 473,551 shares of the company’s stock worth $2,884,000 after buying an additional 467,251 shares during the period. BlackRock Group LTD increased its stake in shares of Encana Corp. by 7,634.4% in the first quarter. BlackRock Group LTD now owns 13,148,536 shares of the company’s stock worth $80,074,000 after buying an additional 12,978,536 shares during the period. Finally, Tobam acquired a new stake in shares of Encana Corp. during the first quarter worth about $727,000. 57.44% of the stock is owned by institutional investors and hedge funds.
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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