Somewhat Positive Media Coverage Somewhat Unlikely to Impact Encana (ECA) Share Price
News headlines about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Encana earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.1474617969932 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Ltd. Purchases 3622 Shares of AFLAC Incorporated (NYSE:AFL) (nismagazine.com)
- Encana Corp (ECA) Insider Douglas James Suttles Buys 1,000 Shares (americanbankingnews.com)
- Encana (ECA) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- ETFs with exposure to Encana Corp. : December 18, 2017 (finance.yahoo.com)
- Encana Corporation (ECA) Expected to Post Quarterly Sales of $991.42 Million (americanbankingnews.com)
Several brokerages have recently issued reports on ECA. Zacks Investment Research lowered Encana from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays increased their target price on Encana from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. National Bank Financial increased their target price on Encana from $14.00 to $14.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. TD Securities increased their target price on Encana from $14.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada set a $15.00 target price on Encana and gave the stock a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $14.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. Encana’s dividend payout ratio (DPR) is presently 7.50%.
Encana 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.
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