Encana Corp's (ECA) "Hold" Rating Reiterated at TD Securities

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25 May, 2017

A number of other research firms have also weighed in on ECA. Zacks Investment Research downgraded Encana Corp from a "buy" rating to a "hold" rating in a research report on Thursday, February 16th. The stock's price is floating in a range of $66.06 and $67.39 whereas, it's 52-week High Price is $68.29 with respect to its 52-week Low Price of $57.60. Scotiabank reiterated an "underperform" rating and issued a C$12.00 price objective on shares of Encana Corp in a research report on Friday, February 17th.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Societe Generale upgraded Encana Corp from a "sell" rating to a "hold" rating in a research report on Wednesday, January 11th. At the time of writing, the First Call consensus price target for the company is $14.35. Encana Corp has a one year low of $7.22 and a one year high of $13.85. The company's market capitalization is $4.32 billion with the total outstanding shares of 86.88 million. The stock has a 50-day moving average of $11.14 and a 200-day moving average of $11.67.

Encana Corporation (ECA) will report its next earnings on May 02 BMO. Comparatively, PLUG posted earnings of $-0.04 per share in the same quarter, a year earlier.

5 analysts on average are expecting the company to report revenue of $28.57 Million for the current quarter. Encana Corp had a positive return on equity of 1.79% and a negative net margin of 40.77%.

The company reported an impressive total revenue of 2.92 Billion in the last fiscal year.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Encana Corporation the EPS stands at 0.11 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.03, suggesting the stock exceeded the analysts' expectations.

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The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.015 per share. The ex-dividend date is Tuesday, June 13th. Encana Corp's payout ratio is -3.97%.

Since the beginning of the calendar year, the stock is -6.64%. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

According to Finviz reported data, The SMA20 of the stock is at -11.59 percent, SMA50 is -0.98 percent, while SMA200 is 23.61 percent.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The share price has moved backward from its 20 days moving average, trading at a distance of -0.17% and stays -1.45% away from its 50 days moving average. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock worth $233,000 after buying an additional 124 shares during the period. Capstone Asset Management Co. now owns 81,900 shares of the oil and gas company's stock worth $959,000 after buying an additional 670 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Encana Corp by 44.7% in the first quarter. Montgomery Investment Management Inc. now owns 114,679 shares of the oil and gas company's stock worth $1,200,000 after buying an additional 993 shares in the last quarter.


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