20 May, 2017
The share price is trading in a range of $11.07 - 11.47. Analysts have placed a $14.5 price target on Encana Corporation, suggesting a 30.04% gain from recent close. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases.
UBS "Upgrades" Encana Corp (NYSE:ECA) in a research note issued to investors on 3/23/17 to Buy with price target of $0. The firm has "Buy" rating given on Tuesday, June 14 by Deutsche Bank. The percentage of stocks meeting price targets is 55%. Also, the current price highlights a discount of 6.38% to analysts' high consensus price target.
Shares of Encana Corp (NYSE:ECA) traded down 1.77% during midday trading on Tuesday, reaching $11.12.
6 analysts on average are expecting the company to report revenue of $819.03 Million for the current quarter. Over the last five days, shares have managed 1.73% gains and now is up 0.51% since hitting its 200-day moving average of $11.7. The stock's market cap is $10.99 billion. Canaccord Genuity reiterated a "buy" rating and issued a $14.00 price objective on shares of Encana Corp in a report on Saturday, March 11th. Encana Corp also saw some unusual options trading on Monday. BlackRock Inc. now owns 21,896,113 shares of the oil and gas company's stock worth $256,403,000 after buying an additional 21,702,894 shares during the last quarter. This is an increase of 598% compared to the typical volume of 2,990 call options. The firm has "Underperform" rating given on Friday, February 17 by Scotia Capital.
The company is expected to report earnings of $0.04 a share for the next quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Currently Encana Corp (NYSE:ECA)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 67.2%. Stockholders of record on Thursday, June 15th will be given a dividend of $0.015 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.06 annualized dividend and a yield of 0.53%. The stock plunged -10.45 percent over the past quarter, while surged 6.87 percent over the past six months. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The company has dropped -10.27% in past 3 months and in the last five trades has moved down -5.70%.
Previously Encana Corp (NYSE:ECA) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08.
According to Finviz reported data, The SMA20 of the stock is at 1.87 percent, SMA50 is 0.6 percent, while SMA200 is 0.51 percent. Howard Hughes Medical Institute raised its stake in shares of Encana Corp by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company's stock worth $277,000 after buying an additional 133 shares during the period. FCG Advisors LLC acquired a new stake in Encana Corp during the third quarter worth $105,000. The company's stock had a trading volume of 3,948,876 shares. Finally, Guardian Capital LP purchased a new stake in shares of Encana Corp during the fourth quarter worth about $53,700,000.
On Thursday, February 23rd, Douglas James Suttles bought 1,000 shares of Encana Corp stock.
Encana Corporation (ECA) belongs to the "Basic Materials" sector with an industry focus on "Major Integrated Oil & Gas", with Mr. Douglas James Suttles as Chief Exec. Officer, Pres and Director.
