Economy

Stock to Keep Your Eyes on: Encana Corp (NYSE:ECA)

Stock to Keep Your Eyes on: Encana Corp (NYSE:ECA)

Commerzbank Aktiengesellschaft FI now owns 40,513 shares of the oil and gas company's stock valued at $476,000 after buying an additional 1,108 shares in the last quarter. Encana Corporation had 69 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup has "Buy" rating and $32 target. UBS Asset Management Americas Inc. raised its position in shares of Encana Corporation by 13.3% in the fourth quarter. Fred Alger Management Inc. bought a new position in Encana Corporation during the fourth quarter valued at approximately $1,088,000.

11/04/2016 - Encana Corporation was upgraded to " by analysts at RBC Capital. Raymond James Financial, Inc. assumed coverage on Encana Corporation in a report on Wednesday, May 31st. The fund owned 955,355 shares of the oil and gas company's stock after buying an additional 29,681 shares during the period. Encana Corp (USA)'s Wall Street analysts see -54.55 % negative EPS growth, taking into account the $0.11 EPS reproted in the previous quarter, About 3.89M shares traded.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $11.66. After a recent spot-check, the stock has touched $8.46 which represents a change from the open of 2.17%. Encana Corporation has a one year low of $7.22 and a one year high of $13.85.

A number of investment brokers have recently updated their price targets on shares of Encana Corporation (NYSE:ECA). The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The Return on Equity (ROE) value stands at -2.3%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $789.49 million. They expect $0.05 earnings per share, down 50.00 % or $0.05 from last year's $0.1 per share. This is assuming the current $0.05 EPS is accurate.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. The ex-dividend date of this dividend is Tuesday, June 13th. Encana Corporation's dividend payout ratio is presently -31.58%.

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COPYRIGHT VIOLATION NOTICE: This piece of content was published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law. On Thursday, January 5 the stock rating was upgraded by Argus Research to "Buy".

Rr Advisors Llc decreased Encana Corporation (ECA) stake by 30.42% reported in 2016Q4 SEC filing. BidaskClub raised Encana Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. GMP Securities upgraded the shares of ECA in report on Thursday, October 6 to "Buy" rating.

Among 6 analysts covering MDC Holdings (NYSE:MDC), 1 have Buy rating, 2 Sell and 3 Hold. The rating was maintained by TD Securities with "Buy" on Friday, November 18. Scotiabank reiterated an underperform rating and set a C$18.00 target price on shares of Encana Corp in a research report on Wednesday, May 3rd.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The Company's activities also include the marketing of natural gas, oil and NGLs.


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