Encana Corp. (NYSE:ECA) – Stock analysts at Jefferies Group reduced their Q2 2017 earnings per share (EPS) estimates for shares of Encana Corp. in a research report issued on Tuesday. Jefferies Group analyst J. Wolff now forecasts that the brokerage will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.04. Jefferies Group currently has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Encana Corp.’s Q4 2017 earnings at $0.14 EPS and FY2017 earnings at $0.25 EPS.
Several 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. Nomura reiterated a “buy” rating and set a $17.00 price target on shares of Encana Corp. in a research note on Monday, September 26th. FirstEnergy Capital upgraded Encana Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 26th. Macquarie downgraded Encana Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 23rd. Finally, Vetr downgraded Encana Corp. from a “strong-buy” rating to a “sell” rating and set a $10.74 price target for the company. in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Encana Corp. has a consensus rating of “Hold” and an average target price of $11.81.
Encana Corp. (NYSE:ECA) traded up 4.14% on Wednesday, reaching $11.58. 13,439,484 shares of the company’s stock traded hands. Encana Corp. has a 52-week low of $3.00 and a 52-week high of $11.74. The stock’s 50 day moving average is $10.13 and its 200 day moving average is $8.40. The firm’s market cap is $9.84 billion.
Institutional investors have recently made changes to their positions in the company. BB&T Securities LLC boosted its position 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 worth $108,000 after buying an additional 3,270 shares during the period. Murphy Pohlad Asset Management LLC raised its stake in shares of Encana Corp. by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company’s stock worth $126,000 after buying an additional 375 shares in the last quarter. Loomis Sayles & Co. L P raised 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 worth $130,000 after buying an additional 6,036 shares in the last quarter. Carnick & Kubik Group LLC acquired a new stake in shares of Encana Corp. during the second quarter worth $154,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Encana Corp. during the second quarter worth $165,000. 57.46% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.54%. Encana Corp.’s dividend payout ratio (DPR) is currently -1.79%.
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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