Encana Corp (ECA) Valuation Review

What Wall Street Analysts Are Saying about Encana
Financial Review of Encana Corporation (NYSE:ECA)
Author

17 August, 2017

Encana Corporation (ECA) maintained activity of 13.2 million shares that trade hands on average basis while its relative volume is 0.63. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.

Other firms have also shifted positions in (ECA). Finally, TD Securities increased their price objective on Encana Corporation from $11.50 to $12.50 and gave the stock a "buy" rating in a research note on Monday, July 24th. Analysts reported their respective ratings recommendation for ECA. Finally, Jefferies Group LLC set a $14.00 price target on Encana Corporation and gave the company a buy rating in a report on Wednesday, July 19th.

Among 8 analysts covering Encana Corporation (TSE:ECA), 2 have Buy rating, 0 Sell and 6 Hold. On Tuesday, July 11 the stock rating was maintained by Canaccord Genuity with "Buy".

Encana Corporation (ECA) recently closed with fall of -3.80% to its 20-Day Simple Moving Average. The company has a 50-day moving average price of $9.41 and a 200-day moving average price of $10.58. The company has market cap of $11.53 billion.

Encana Corporation (ECA) stock price rose 1.49 percent over the past one year, while decreased -24.72 percent during the past 6 months.

Encana Corporation (ECA) stock directed 1.49% toward a higher level throughout previous year and swapped 0.85% toward a strong spot during past one month. In the latest earnings report the EPS was $0.84 and is expected to be $0.50 for the current year with 973,095,000 shares now outstanding. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $773.19 million. On average, equities analysts anticipate that Encana Corporation will post $0.51 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & global copyright laws. The original version of this story can be read at https://www.thestockobserver.com/2017/08/16/12896-shares-in-encana-corporation-nyseeca-acquired-by-atria-investments-llc-updated-updated-updated.html. Investors of record on Friday, September 15th will be given a $0.015 dividend. The ex-dividend date is Thursday, September 14th. Encana Corporation's dividend payout ratio is presently 6.98%.

Causeway Capital Management LLC boosted its stake in Encana Corporation by 95.2% in the first quarter. Accern also gave news headlines about the oil and gas company an impact score of 47.1027038419308 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Alps Advisors Inc grew its investment by buying 33 shares an increase of 0.3% in the quarter. BlueCrest Capital Management Ltd now owns 1,100,373 shares of the oil and gas company's stock valued at $12,885,000 after buying an additional 943,183 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Encana Corporation during the first quarter valued at approximately $168,000. Tower Research Capital LLC TRC now owns 18,796 shares of the oil and gas company's stock valued at $220,000 after buying an additional 18,211 shares during the period. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.15.

Arvind Sanger increased its stake in Encana Corp (ECA) by 62.52% based on its latest 2016Q4 regulatory filing with the SEC. It last trading capacity has been noted with 8.31 million shares and 13.13 million shares are observed as exploring the average capacity of last three months trading period. Institutional investors own 73.08% of the company's stock.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The Company's operations also include the marketing of natural gas, oil and NGLs.


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