10 June, 2017
In other news, insider Michael Williams purchased 3,400 shares of the company's stock in a transaction dated Tuesday, February 28th. BMO Capital Markets' target price indicates a potential upside of 34.02% from the stock's current price.
ECA has been the topic of several research reports. Comparatively, ECA posted earnings of $0.03 per share in the same quarter, a year earlier. Canaccord Genuity reaffirmed a "buy" rating and set a $14.00 price target on shares of Encana Corp in a report on Saturday, March 11th. Evercore downgraded the stock to "Hold" rating in Friday, April 15 report.
Encana Corporation was covered by a number of analysts recently, 6 rated the stock as Buy, 8 rated Hold, 0 rated sell and 3 gave an Underperform. The firm has "Neutral" rating given on Thursday, October 6 by Macquarie Research.
Shares of Encana Corp (ECA) traded up 2.18% during trading on Tuesday, hitting $9.86. A total volume of 14.87 million shares were traded versus to average volume of 11.42 million shares. The firm's market cap is $8.67 billion. If we take a long term observation, shares have been trading at a distance of -19.69% from the 200-day moving average.
This stock is ahead of its 52-week low with +15.30%. Encana Corp also was the target of unusually large options trading activity on Wednesday. 17,801,259 shares of the company's stock were exchanged. The stock of Encana Corp (USA) (NYSE:ECA) earned "Sector Perform" rating by RBC Capital Markets on Monday, September 12.
While considering growth estimates of the company, it has next quarter growth estimates of 75% whereas during current quarter it has -60% estimations over growth, comparing to the estimations of 333.3% during current year and 112.8% for next year. Return on Equity (ROE) stands at -2.3% and Return on Investment (ROI) of -9.6 percent.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. However the company reported $0.1 earnings per share for the same quarter during past year.
The company's Average Earnings Estimate for the Current Fiscal quarter is $0.04, according to consensus of 16 analysts. Stockholders of record on Thursday, June 15th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, June 13th. Encana Corp's payout ratio is now -3.97%. The rating was maintained by Desjardins Securities on Friday, March 31 with "Hold". The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. They expect $0.05 earnings per share, down 50.00% or $0.05 from last year's $0.1 per share. The stock was purchased at an average cost of $10.37 per share, with a total value of $10,370.00. Fool.ca's news article titled: "Will Encana Corp".
The company has been one of the biggest innovators in "Major Integrated Oil & Gas" employing approximately 2200 full time employees. Viking Global Investors LP raised its stake in shares of Encana Corp by 2.3% in the fourth quarter. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The company generates revenue of $310.30 Million and has a net income of $57.80 Million, for the trailing twelve months. Radnor Capital Management LLC bought a new stake in shares of Encana Corp during the fourth quarter valued at about $131,000. Capstone Asset Management Co. now owns 81,900 shares of the oil and gas company's stock valued at $959,000 after buying an additional 670 shares during the period. Equity Investment Corp Acquisition Inc increased its stake in Encana Corp by 10.7% in the first quarter. Van ECK Associates Corp now owns 154,065 shares of the oil and gas company's stock valued at $1,804,000 after buying an additional 675 shares during the period.
Institutional investors now hold around $6.24 billion or 67.2% in ECA stock.
The Children's Place, Inc.is a pure-play children's specialty apparel retailer in North America. Finally, Royal Bank of Canada reaffirmed a "buy" rating and set a $14.00 price target on shares of Encana Corp in a report on Monday.
