Encana Corp. (ECA) Receives $13.13 Consensus Target Price from Analysts
Encana Corp. (NYSE:ECA) (TSE:ECA) has earned a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.13.
ECA has been the topic of several research reports. Jefferies Group reissued a “buy” rating on shares of Encana Corp. in a report on Thursday, August 11th. KLR Group initiated coverage on Encana Corp. in a report on Monday, August 29th. They issued a “hold” rating and a $10.00 target price on the stock. Royal Bank Of Canada lowered their target price on Encana Corp. from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, September 12th. Nomura upped their target price on Encana Corp. from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $10.00 target price (up previously from $9.00) on shares of Encana Corp. in a report on Monday, September 12th.
Shares of Encana Corp. (NYSE:ECA) opened at 12.16 on Wednesday. The firm’s market capitalization is $11.83 billion. The company’s 50 day moving average price is $10.82 and its 200-day moving average price is $9.17. Encana Corp. has a 12 month low of $3.00 and a 12 month high of $12.55.
Encana Corp. (NYSE:ECA) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.08. Encana Corp. had a positive return on equity of 1.79% and a negative net margin of 40.77%. During the same quarter last year, the firm earned ($0.03) EPS. On average, equities analysts predict that Encana Corp. will post $0.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.49%. Encana Corp.’s dividend payout ratio (DPR) is currently -3.97%.
Several large investors have recently bought and sold shares of the stock. Seven Bridges Advisors LLC bought a new stake in Encana Corp. during the second quarter worth about $346,000. Shell Asset Management Co. raised its stake in Encana Corp. by 5.9% in the second quarter. Shell Asset Management Co. now owns 91,247 shares of the company’s stock worth $917,000 after buying an additional 5,048 shares during the period. Parkwood LLC acquired a new stake in shares of Encana Corp. during the second quarter worth $3,143,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of Encana Corp. during the second quarter worth $4,032,000. Finally, First Manhattan Co. raised its stake in shares of Encana Corp. by 43.5% in the second quarter. First Manhattan Co. now owns 104,320 shares of the company’s stock worth $812,000 after buying an additional 31,602 shares during the period. Institutional investors and hedge funds own 64.44% of the company’s stock.
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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.
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