22 May, 2017
Encana Corporation (ECA) has been given an average price target of $14.35 from analysts, according to data collected by Finviz.
Other analysts also recently issued reports about the company.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ECA earned gross profit of 5.96 Billion, in 2015 3.23 Billion gross profit, while in 2016 Encana Corporation (ECA) produced 1.64 Billion profit. Jefferies Group analyst Z. Parham now expects that the oil and gas company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05.
Encana Corp (NYSE:ECA) last released its earnings results on Tuesday, May 2nd. The USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. Canaccord Genuity reissued a buy rating and issued a $14.00 target price on shares of Encana Corp in a research report on Tuesday, April 11th. Barclays PLC restated an "overweight" rating and issued a $12.00 target price (down previously from $15.00) on shares of Encana Corp in a report on Saturday, April 22nd. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
COPYRIGHT VIOLATION WARNING: This article was posted by [[site]] and is the property of of [[site]]. Encana Corp had a negative net margin of 40.77% and a positive return on equity of 1.79%. Zacks Investment Research downgraded Encana Corp from a "buy" rating to a "hold" rating in a report on Thursday, February 16th. Encana Corporation has $16 highest and $5.50 lowest target. TD Securities set a $12.50 price target on Encana Corp and gave the stock a "hold" rating in a report on Wednesday, May 3rd. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $789.49 million.
Encana Corp (NYSE:ECA) traded up 4.81% during trading on Friday, hitting $11.32. The company has a 50-day moving average price of $11.22 and a 200-day moving average price of $11.71. Timber Hill LLC now owns 209,632 shares of the oil and gas company's stock worth $2,195,000 after buying an additional 74,099 shares during the last quarter. If you are accessing this report on another domain, it was illegally copied and republished in violation of USA and global copyright law. The original version of this news story can be accessed at https://transcriptdaily.com/2017/05/22/encana-corp-eca-given-average-recommendation-of-buy-by-analysts.html.
In the transaction dated March 09, 2017, the great number of shares acquired came courtesy the President & CEO; Suttles Douglas James added a total of 1,000 shares at an average price of $10.37, amounting to approximately $10,370. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have recently bought and sold shares of ECA.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. In the last ninety days, insiders purchased 30,700 shares of company stock worth $325,049. 10 15 Associates Inc. increased its stake in shares of Encana Corp by 3.4% in the first quarter. Shareholders of record on Thursday, June 15th will be given a dividend of $0.015 per share. Sprott Inc. purchased a new stake in Encana Corp during the third quarter worth $366,000. The ex-dividend date is Tuesday, June 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.53%. Vanguard Group Inc. raised its position in shares of Encana Corp by 4.6% in the first quarter. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. Howard Hughes Medical Institute now owns 144,220 shares of the oil and gas company's stock worth $1,689,000 after buying an additional 389 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Encana Corp by 0.4% in the first quarter. Institutional investors own 64.57% of the company's 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. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.
