Encana Corp. (ECA) Rating Reiterated by Deutsche Bank AG
Encana Corp. (NYSE:ECA)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued to investors on Thursday.
ECA has been the subject of a number of other reports. Barclays PLC lowered their price target on Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 1st. Scotiabank cut Encana Corp. from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 20th. Zacks Investment Research cut Encana Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $10.00 price target (up from $9.00) on shares of Encana Corp. in a research note on Monday, September 12th. Finally, Nomura reaffirmed a “buy” rating and issued a $17.00 price target on shares of Encana Corp. in a research note on Monday, September 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.62.
Encana Corp. (NYSE:ECA) opened at 10.47 on Thursday. The company’s market cap is $8.90 billion. The company’s 50-day moving average is $9.76 and its 200 day moving average is $7.96. Encana Corp. has a 12 month low of $3.00 and a 12 month high of $10.75.
Encana Corp. (NYSE:ECA) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.10 EPS for the quarter, beating 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 firm posted ($0.20) earnings per share. Equities analysts forecast that Encana Corp. will post ($0.04) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, September 13th. Encana Corp.’s dividend payout ratio (DPR) is presently -1.79%.
Large investors have recently bought and sold shares of the stock. BB&T Securities LLC boosted its stake in Encana Corp. by 22.6% in the first quarter. BB&T Securities LLC now owns 17,754 shares of the company’s stock worth $108,000 after buying an additional 3,270 shares during the period. Carnick & Kubik Group LLC acquired a new stake in Encana Corp. during the second quarter worth $154,000. Stevens Capital Management LP acquired a new stake in Encana Corp. during the second quarter worth $165,000. Loomis Sayles & Co. L P boosted its stake in Encana Corp. by 39.6% in the first quarter. Loomis Sayles & Co. L P now owns 21,274 shares of the company’s stock worth $130,000 after buying an additional 6,036 shares during the period. Finally, Advisor Group Inc. acquired a new stake in Encana Corp. during the second quarter worth $182,000. Institutional investors and hedge funds own 64.68% of the company’s stock.
About Encana Corp.
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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