22 July, 2017
Equity Investment Corp Acquisition Inc now owns 12,330 shares of the oil and gas company's stock valued at $144,000 after buying an additional 1,195 shares during the last quarter. Clearbridge Investments LLC's holdings in Encana Corporation were worth $1,342,000 at the end of the most recent quarter.
A number of other brokerages have also recently commented on ECA. BidaskClub lowered shares of Encana Corporation from a sell rating to a strong sell rating in a report on Friday, June 23rd.
The Calgary-based oil and gas company, which presents its results in USA dollars, reported Friday net earnings per share of 34 cents, compared with a loss of US$601 million, or 71 cents per share, in the same period past year. Causeway Capital Management LLC boosted its position in shares of Encana Corporation by 95.2% in the first quarter. Quadrant Capital Group LLC now owns 17,531 shares of the oil and gas company's stock valued at $200,000 after buying an additional 17,088 shares in the last quarter. Allianz Asset Management AG purchased a new stake in shares of Encana Corporation during the fourth quarter valued at approximately $370,000. The firm's market cap is $12.01 billion. SG Americas Securities LLC purchased a new stake in shares of Encana Corporation during the first quarter valued at about $166,000. Finally, Point72 Asia Singapore Pte. Steadfast Capital Management LP boosted its position in shares of Encana Corporation by 12.2% in the first quarter.
Encana Corporation closed its last trading session at $9.94 with the loss of -2.72%. 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 in the last quarter.
Company chares are trading at $9.67 which is just over the 50 day moving average of $9.02 and which is marginally lower than the 200 day moving average of $10.97. Encana Corporation had a positive return on equity of 5.21% and a negative net margin of 3.87%.
As of the latest earnings report the EPS was $-0.15 and is projected to be $0.35 for the current year with 973,000,000 shares presently outstanding. On average, equities research analysts forecast that Encana Corporation will post $0.35 EPS for the current year. This represents a $0.06 annualized dividend and a dividend yield of 0.62%. Additionally Encana Corporation recently declared a dividend for shareholders that was paid on Fri Jun 30, 2017.
COPYRIGHT VIOLATION WARNING: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark laws. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/07/21/jpmorgan-chase-co-boosts-stake-in-encana-corporation-nyseeca-updated-updated.html. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. For the next 5 years, Encana Corporation is expecting Growth of 89% per annum, whereas in the past 5 years the growth was -32.11% per annum. Desjardins reiterated a "hold" rating and set a $13.75 price objective on shares of Encana Corporation in a research report on Thursday, March 30th. Raymond James Financial, Inc. began coverage on shares of Encana Corp in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company's stock. Encana Corporation now has an average rating of Buy and an average price target of $13.42.
Encana said it produced about 316,000 boe/d in the three months ended June 30, slightly above analyst predictions, of which about 40 per cent was higher value liquid hydrocarbons like oil and condensate and 60 per cent was less profitable natural gas. The Company's operations also include the marketing of natural gas, oil and NGLs.
Other large investors have also recently bought and sold shares of the company.