Encana (ECA) Price Target Increased to C$19.98 by Analysts at Sanford C. Bernstein

Encana (TSE:ECA) (NYSE:ECA) had its price objective upped by Sanford C. Bernstein from C$19.89 to C$19.98 in a research report sent to investors on Friday morning.

Several other equities research analysts have also issued reports on the stock. AltaCorp Capital raised shares of Encana from a sector perform rating to an outperform rating in a research note on Wednesday, February 7th. Scotiabank increased their target price on shares of Encana to C$16.25 and gave the stock 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 note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$16.83.

Shares of Encana (ECA) opened at C$13.79 on Friday. Encana has a 12 month low of C$10.54 and a 12 month high of C$17.94. The stock has a market cap of $13,420.00, a PE ratio of 13.79 and a beta of 1.67.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 29th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Wednesday, March 14th. Encana’s dividend payout ratio is presently 6.00%.

In related news, Director Douglas James Suttles purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of C$14.00 per share, with a total value of C$28,000.00.

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About Encana

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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