Several other analysts have also recently commented on ECA. Zacks Investment Research cut Encana Corp. from a buy rating to a hold rating in a report on Wednesday, July 13th. AltaCorp Capital upgraded Encana Corp. from an underperform rating to a sector perform rating in a report on Thursday, October 6th. Scotia Howard Weill cut Encana Corp. from a sector perform rating to an underperform rating in a report on Tuesday, September 20th. Credit Suisse Group AG assumed coverage on Encana Corp. in a report on Thursday, October 6th. They issued an outperform rating and a $14.00 target price on the stock. Finally, Societe Generale cut Encana Corp. from a hold rating to a sell rating in a report on Friday, October 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Encana Corp. presently has an average rating of Hold and a consensus price target of $11.88.
Shares of Encana Corp. (NYSE:ECA) opened at 11.08 on Thursday. The stock has a 50 day moving average of $9.97 and a 200-day moving average of $8.22. Encana Corp. has a 12-month low of $3.00 and a 12-month high of $11.31. The firm’s market capitalization is $9.42 billion.
Encana Corp. (NYSE:ECA) last announced its earnings results on Thursday, July 21st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ 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 previous year, the firm earned ($0.20) EPS. On average, equities research analysts predict that Encana Corp. will post ($0.04) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, September 13th. Encana Corp.’s dividend payout ratio is presently -1.79%.
Several large investors have recently made changes to their positions in ECA. BB&T Securities LLC raised 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 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 valued at $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 valued at about $154,000. Stevens Capital Management LP acquired a new stake in shares of Encana Corp. during the second quarter valued at about $165,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Encana Corp. during the third quarter valued at about $171,000. 57.44% of the stock is owned by hedge funds and other institutional investors.
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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