Encana Corporation (NYSE:ECA) (TSE:ECA) announced a quarterly dividend on Wednesday, November 8th, RTT News reports. Investors of record on Friday, December 15th will be paid a dividend of 0.015 per share by the oil and gas company on Friday, December 29th. This represents a $0.06 dividend on an annualized basis and a yield of 0.48%.

Encana Corporation has decreased its dividend payment by an average of 55.3% per year over the last three years. Encana Corporation has a dividend payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Encana Corporation to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 8.1%.

Shares of Encana Corporation (ECA) traded down $0.28 during trading hours on Wednesday, reaching $12.47. The company had a trading volume of 742,847 shares, compared to its average volume of 14,564,706. The firm has a market capitalization of $12,561.43, a P/E ratio of 30.74, a P/E/G ratio of 3.35 and a beta of 2.17. Encana Corporation has a 1-year low of $8.01 and a 1-year high of $13.85. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.62.

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A number of equities research analysts recently issued reports on the company. Citigroup Inc. increased their price target on Encana Corporation from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley raised their target price on Encana Corporation from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 19th. Raymond James Financial, Inc. raised their target price on Encana Corporation from $15.00 to $16.00 and gave the company a “strong-buy” rating in a report on Thursday, October 19th. Scotiabank raised their target price on Encana Corporation from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, October 19th. Finally, Credit Suisse Group raised their target price on Encana Corporation from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.16.

Encana Corporation Company Profile

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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.

Dividend History for Encana Corporation (NYSE:ECA)

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