Encana Corp. (NYSE:ECA) had its price target increased by analysts at Deutsche Bank AG from $13.00 to $15.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 38.12% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. AltaCorp Capital downgraded Encana Corp. from a “sector perform” rating to an “underperform” rating in a research note on Friday, July 22nd. FirstEnergy Capital raised Encana Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 26th. Nomura reissued a “buy” rating and issued a $17.00 price target on shares of Encana Corp. in a research note on Monday, September 26th. Macquarie downgraded Encana Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 23rd. Finally, KLR Group initiated coverage on Encana Corp. in a research note on Monday, August 29th. They issued a “hold” rating and a $10.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.46.
Shares of Encana Corp. (NYSE:ECA) opened at 10.86 on Thursday. The firm’s market cap is $9.23 billion. The company’s 50-day moving average price is $9.92 and its 200-day moving average price is $8.13. Encana Corp. has a 52-week low of $3.00 and a 52-week high of $11.23.
Encana Corp. (NYSE:ECA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.19. Encana Corp. had a positive return on equity of 0.79% and a negative net margin of 81.73%. During the same period in the prior year, the company posted ($0.20) EPS. Equities analysts expect that Encana Corp. will post ($0.04) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.015 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.06 annualized dividend and a yield of 0.55%. Encana Corp.’s dividend payout ratio (DPR) is currently -1.79%.
A number of large investors have recently modified their holdings of the stock. BB&T Securities LLC increased its stake 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 valued at $108,000 after buying an additional 3,270 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of 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 during the period. Carnick & Kubik Group LLC bought a new stake in shares of Encana Corp. during the second quarter valued at about $154,000. Stevens Capital Management LP bought a new stake in shares of Encana Corp. during the second quarter valued at about $165,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Encana Corp. during the third quarter valued at about $171,000. Institutional investors and hedge funds own 57.44% of the company’s stock.
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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