Encana Corporation (NYSE:ECA) (TSE:ECA) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage presently has a $14.42 price target on the stock. Vetr‘s price target suggests a potential upside of 12.74% from the stock’s previous close.
ECA has been the topic of a number of other reports. Nomura reaffirmed a “buy” rating and issued a $17.00 target price on shares of Encana Corporation in a report on Monday, September 26th. CIBC raised shares of Encana Corporation to a “sector perform” rating and lifted their target price for the company from $8.00 to $12.00 in a report on Friday, September 30th. Zacks Investment Research raised shares of Encana Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, December 6th. Barclays PLC raised shares of Encana Corporation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $14.00 in a report on Tuesday, October 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $13.00 target price (down from $15.00) on shares of Encana Corporation in a report on Thursday, September 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.46.
Encana Corporation (NYSE:ECA) traded up 0.47% during trading on Monday, reaching $12.85. 3,549,267 shares of the company’s stock were exchanged. Encana Corporation has a 52 week low of $3.00 and a 52 week high of $13.49. The stock has a 50-day moving average price of $12.40 and a 200 day moving average price of $10.21. The firm’s market capitalization is $12.50 billion.
Encana Corporation (NYSE:ECA) last announced its earnings results on Thursday, November 3rd. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. Encana Corporation had a negative net margin of 40.77% and a positive return on equity of 1.79%. During the same period in the previous year, the business posted ($0.03) EPS. Equities research analysts forecast that Encana Corporation will post $0.03 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.47%. Encana Corporation’s payout ratio is currently -3.97%.
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Large investors have recently modified their holdings of the company. AGF Investments Inc. raised its stake in shares of Encana Corporation by 20.1% in the second quarter. AGF Investments Inc. now owns 3,550,901 shares of the company’s stock valued at $27,613,000 after buying an additional 594,538 shares during the last quarter. Korea Investment CORP raised its stake in shares of Encana Corporation by 310.3% in the third quarter. Korea Investment CORP now owns 594,108 shares of the company’s stock valued at $6,198,000 after buying an additional 449,308 shares during the last quarter. Swiss National Bank raised its stake in shares of Encana Corporation by 11.9% in the third quarter. Swiss National Bank now owns 5,382,000 shares of the company’s stock valued at $56,257,000 after buying an additional 573,900 shares during the last quarter. Parkwood LLC raised its stake in shares of Encana Corporation by 1.2% in the third quarter. Parkwood LLC now owns 408,290 shares of the company’s stock valued at $4,275,000 after buying an additional 4,796 shares during the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Encana Corporation by 213.8% in the third quarter. Quadrature Capital Ltd now owns 507,990 shares of the company’s stock valued at $5,295,000 after buying an additional 346,118 shares during the last quarter. Institutional investors own 64.40% of the company’s stock.
Encana Corporation 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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