Encana (NYSE:ECA) (TSE:ECA) had its target price upped by Royal Bank of Canada from $15.00 to $16.00 in a report released on Tuesday morning. Royal Bank of Canada currently has an outperform rating on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets set a $14.00 target price on shares of Encana and gave the company a buy rating in a research note on Thursday, October 19th. Citigroup raised their target price on shares of Encana from $13.00 to $14.00 and gave the company a buy rating in a research note on Thursday, October 19th. TD Securities restated a buy rating and issued a $12.50 target price on shares of Encana in a research note on Sunday, October 1st. GMP Securities restated a buy rating and issued a $16.00 target price on shares of Encana in a research note on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Encana from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $15.04.

Encana (NYSE:ECA) traded up $0.09 during midday trading on Tuesday, hitting $13.49. 5,414,395 shares of the stock were exchanged, compared to its average volume of 7,606,013. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Encana has a 1 year low of $8.01 and a 1 year high of $14.31. The company has a market capitalization of $13,039.73, a P/E ratio of 17.08, a PEG ratio of 1.89 and a beta of 2.15.

Encana (NYSE:ECA) (TSE:ECA) last announced its earnings results on Wednesday, November 8th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Encana had a net margin of 34.15% and a return on equity of 17.15%. equities research analysts expect that Encana will post 0.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.015 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.44%. Encana’s dividend payout ratio is currently 7.60%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Encana by 7.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 107,286 shares of the oil and gas company’s stock worth $944,000 after buying an additional 7,358 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Encana by 7.6% in the third quarter. Commonwealth Bank of Australia now owns 187,117 shares of the oil and gas company’s stock worth $2,201,000 after buying an additional 13,200 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Encana by 39.9% in the third quarter. Korea Investment CORP now owns 560,121 shares of the oil and gas company’s stock worth $6,579,000 after buying an additional 159,720 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Encana by 18.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 256,382 shares of the oil and gas company’s stock worth $3,021,000 after buying an additional 39,160 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Encana by 7.8% in the second quarter. Northern Trust Corp now owns 2,231,713 shares of the oil and gas company’s stock worth $19,639,000 after buying an additional 162,225 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Encana (NYSE:ECA)

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