Encana Corp. (ECA) Given a $14.00 Price Target by BMO Capital Markets Analysts
Encana Corp. (NYSE:ECA) received a $14.00 target price from equities research analysts at BMO Capital Markets in a report issued on Thursday. The brokerage presently has a a “buy” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 28.91% from the company’s current price.
ECA has been the subject of a number of other research reports. KLR Group initiated coverage on shares of Encana Corp. in a research note on Monday, August 29th. They set a “hold” rating and a $10.00 target price for the company. Nomura reiterated a “buy” rating and set a $17.00 target price on shares of Encana Corp. in a research note on Monday, September 26th. CIBC upgraded shares of Encana Corp. to a “sector perform” rating and boosted their target price for the stock from $8.00 to $12.00 in a research note on Friday, September 30th. Royal Bank Of Canada lowered their target price on shares of Encana Corp. from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, September 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $13.00 target price (down previously from $15.00) on shares of Encana Corp. in a research note on Thursday, September 29th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Encana Corp. presently has a consensus rating of “Hold” and a consensus target price of $11.46.
Encana Corp. (NYSE:ECA) opened at 10.86 on Thursday. The stock’s market cap is $9.23 billion. Encana Corp. has a 52 week low of $3.00 and a 52 week high of $11.23. The company has a 50-day moving average price of $9.92 and a 200-day moving average price of $8.13.
Encana Corp. (NYSE:ECA) last issued its earnings results on Thursday, July 21st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.19. Encana Corp. had a negative net margin of 81.73% and a positive return on equity of 0.79%. During the same quarter in the prior year, the company earned ($0.20) earnings per share. Equities research analysts anticipate that Encana Corp. will post ($0.04) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.55%. Encana Corp.’s dividend payout ratio (DPR) is presently -1.79%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BB&T Securities LLC boosted its position in shares of 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. Loomis Sayles & Co. L P raised 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 valued at $130,000 after buying an additional 6,036 shares in the last quarter. Carnick & Kubik Group LLC acquired a new stake in Encana Corp. during the second quarter valued at approximately $154,000. Stevens Capital Management LP acquired a new stake in Encana Corp. during the second quarter valued at approximately $165,000. Finally, Eqis Capital Management Inc. acquired a new stake in Encana Corp. during the third quarter valued at approximately $171,000. 64.68% of the stock is owned by institutional investors.
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.
Receive News & Stock Ratings for Encana Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp. and related stocks with our FREE daily email newsletter.