Encana (TSE:ECA) PT Raised to C$19.98

Encana (TSE:ECA) (NYSE:ECA) had its price objective increased by Sanford C. Bernstein from C$19.89 to C$19.98 in a report issued on Friday, February 16th.

Other research analysts have also issued research reports about the stock. AltaCorp Capital upgraded shares of Encana from a sector perform rating to an outperform rating in a research note on Wednesday, February 7th. Scotiabank upped their price target on shares of Encana to C$16.25 and gave the company a sector perform rating in a research note on Friday, October 20th. Finally, Raymond James Financial increased their target price on shares of Encana to C$20.00 and gave the stock a strong-buy rating in a research report on Friday, October 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Encana currently has an average rating of Buy and a consensus price target of C$16.83.

Shares of Encana (TSE ECA) traded up C$0.20 on Friday, reaching C$14.40. 4,599,254 shares of the company were exchanged, compared to its average volume of 4,120,000. Encana has a twelve month low of C$10.54 and a twelve month high of C$17.94. The firm has a market cap of $14,010.00, a price-to-earnings ratio of 9.35 and a beta of 1.71.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.42%. Encana’s payout ratio is presently 3.90%.

In other Encana news, Director Douglas James Suttles bought 2,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of C$13.51 per share, for a total transaction of C$27,020.00. In the last 90 days, insiders have acquired 6,000 shares of company stock worth $79,950.

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Encana Company Profile

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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.

Analyst Recommendations for Encana (TSE:ECA)

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