Encana Corp. (NYSE:ECA) was downgraded by Societe Generale from a “hold” rating to a “sell” rating in a report released on Friday.

Several other equities analysts have also recently weighed in on the company. Jefferies Group restated a “buy” rating on shares of Encana Corp. in a report on Thursday, August 11th. Deutsche Bank AG raised their price target on Encana Corp. from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. BMO Capital Markets restated a “buy” rating on shares of Encana Corp. in a report on Wednesday, June 22nd. Nomura raised their price target on Encana Corp. from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Citigroup Inc. upgraded Encana Corp. from a “neutral” rating to a “buy” rating and raised their price target for the company from $10.00 to $13.00 in a report on Friday, September 30th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.11.

Analyst Recommendations for Encana Corp. (NYSE:ECA)

Shares of Encana Corp. (NYSE:ECA) traded up 0.75% during trading on Friday, hitting $10.81. The company had a trading volume of 5,254,219 shares. The company’s market capitalization is $9.19 billion. Encana Corp. has a 52 week low of $3.00 and a 52 week high of $11.23. The stock’s 50-day moving average price is $9.90 and its 200 day moving average price is $8.10.

Encana Corp. (NYSE:ECA) last issued its earnings results on Thursday, July 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted ($0.20) EPS. On average, equities research analysts forecast that Encana Corp. will post ($0.04) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.06 annualized dividend and a yield of 0.56%. Encana Corp.’s dividend payout ratio (DPR) is -1.79%.

A number of large investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in Encana Corp. by 5.2% in the second quarter. Swiss National Bank now owns 4,808,100 shares of the company’s stock valued at $37,219,000 after buying an additional 238,500 shares during the period. First Manhattan Co. raised its stake in Encana Corp. by 43.5% in the second quarter. First Manhattan Co. now owns 104,320 shares of the company’s stock valued at $812,000 after buying an additional 31,602 shares during the period. UBS Asset Management Americas Inc. raised its stake in Encana Corp. by 8.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,120,040 shares of the company’s stock valued at $12,982,000 after buying an additional 168,638 shares during the period. Credit Agricole S A raised its stake in Encana Corp. by 4.3% in the first quarter. Credit Agricole S A now owns 93,980 shares of the company’s stock valued at $573,000 after buying an additional 3,867 shares during the period. Finally, Legal & General Group Plc raised its stake in Encana Corp. by 20.8% in the first quarter. Legal & General Group Plc now owns 4,785,739 shares of the company’s stock valued at $29,288,000 after buying an additional 825,553 shares during the period. Hedge funds and other institutional investors own 64.68% of the company’s stock.

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.

5 Day Chart for NYSE:ECA

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