03 June, 2017
BlackRock Inc. now owns 21,896,113 shares of the oil and gas company's stock valued at $256,403,000 after buying an additional 21,702,894 shares during the last quarter.
Other analysts have also issued reports about the company.
Apg Asset Management Nv increased Encana Corp (ECA) stake by 12.14% reported in 2016Q4 SEC filing. Similar statistics are true for the second largest owner, Davis Selected Advisers, which owns 69,328,046 shares of the stock are valued at $745.28 million. Equity Investment Corp Acquisition Inc boosted its position in Encana Corp by 10.7% in the first quarter. Finally, Royal Bank of Canada reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Encana Corp in a research note on Monday. Finally, Timber Hill LLC raised its stake in Encana Corp by 54.7% in the third quarter. Standpoint Research has "Buy" rating and $130 target. The company has its outstanding shares of 973 Million. Radnor Capital Management LLC acquired a new stake in shares of Encana Corp during the fourth quarter valued at about $131,000. It closed at $9.72 lastly.
Institutional investors now hold around $6.8 billion or 67.2% in ECA stock.
Shares of Encana Corp (ECA) opened at 9.82 on Friday. The stock touched 52-week High of $13.85 on 01/26/17 and 52-week Low of $7.22 on 06/27/16.
The stock is trading at $9.72 just below the 50 day moving average of $10.96 and just a bit lower than the 200 day moving average of $11.76. The company's market capitalization is $12.92 billion. Legal & General Group Plc owned about 0.52% of Encana Corp worth $59,085,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 64.57% of the company's stock. About 11.95 million shares traded or 14.68% up from the average.
Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on July, 20.
Encana Corporation (ECA) reported earning per shares for the quarter ending May 02 BMO at 0.11, whereas, 13 number of analysts estimated the mean EPS at 0.04. The Return on Equity (ROE) value stands at -2.3%. For the current year the company's revenue estimates are $3.95B compared to low analyst estimates of $3.46B and high estimates of $4.54B according to the projection of 12 analysts. ECA's profit will be $46.15 million for 66.15 P/E if the $0.05 EPS becomes a reality. Analysts anticipate that Encana Corp will post $0.39 EPS for the current fiscal year.
More notable recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: "Encana Corp.: Upcoming Earnings Signal That the Company Is Still Hot" on January 18, 2017, also Fool.ca with their article: "Will Encana Corp". Investors of record on Thursday, June 15th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, June 13th. Encana Corp's dividend payout ratio is presently -3.97%.
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Several research firms have recently weighed in on ECA. The rating was downgraded by UBS to "Neutral" on Tuesday, January 26. Barclays Capital upgraded the shares of ECA in report on Tuesday, October 11 to "Overweight" rating. Zacks Investment Research cut shares of Encana Corp from a "buy" rating to a "hold" rating in a research report on Thursday, February 16th. The company was maintained on Thursday, April 7 by Citigroup. The stock has "Buy" rating by Deutsche Bank on Tuesday, June 14.
Among 4 analysts covering On Assignment Inc (NYSE:ASGN), 4 have Buy rating, 0 Sell and 0 Hold. The stock declined 0.98% or $0.2 reaching $20.2 on the news. Serengeti Asset Management Lp acquired 105,000 shares as Cresud S A C I F Y A (CRESY)'s stock rose 8.70%. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. FMR LLC now owns 20,771,231 shares of the oil and gas company's stock valued at $243,813,000 after buying an additional 18,298,176 shares during the last quarter.
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. All of its reserves and production are located in North America.
