Encana Corp. (NYSE:ECA)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a research note issued to investors on Wednesday. They presently have a $14.00 price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 25.90% from the stock’s previous close.
ECA has been the topic of a number of 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 price objective on the stock. Nomura reiterated a “buy” rating and issued a $17.00 price objective on shares of Encana Corp. in a report on Monday, September 26th. CIBC upgraded shares of Encana Corp. to a “sector perform” rating and boosted their price objective for the stock from $8.00 to $12.00 in a report on Friday, September 30th. Royal Bank Of Canada cut their target price 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 restated a “buy” rating and issued a $13.00 target price (down previously from $15.00) on shares of Encana Corp. in a research note on Thursday, September 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.81.
Encana Corp. (NYSE:ECA) opened at 11.12 on Wednesday. Encana Corp. has a 12-month low of $3.00 and a 12-month high of $11.36. The company’s 50 day moving average price is $10.13 and its 200-day moving average price is $8.40. The stock’s market cap is $9.45 billion.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, September 13th. Encana Corp.’s dividend payout ratio (DPR) is currently -1.79%.
Large investors have recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC raised its stake in shares of Encana Corp. by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company’s stock valued at $126,000 after buying an additional 375 shares during the period. Eqis Capital Management Inc. purchased a new stake in shares of Encana Corp. during the third quarter valued at $171,000. BB&T Securities LLC raised 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 during the period. Carnick & Kubik Group LLC purchased a new stake in shares of Encana Corp. during the second quarter valued at $154,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Encana Corp. during the second quarter valued at $165,000. 57.46% of the stock is owned by institutional investors.
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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