Encana Corporation (NYSE:ECA) Worth Watching Stock

Encana Corp
Are Analysts Bullish about Encana Corp (USA) (NYSE:ECA) after last week?
Author

14 September, 2017

Wall Street analysts are predicting that Encana Corp (NYSE:ECA) will report earnings per share of $0.07 in their quarterly report. One of them in these facts is earning per share growth for this year. Contrarius Investment Management Ltd owned approximately 0.60% of Encana Corporation worth $51,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FirstEnergy Capital downgraded Encana Corp (USA) (NYSE:ECA) on Tuesday, October 13 to "Market Perform" rating. The Fiera Capital Corp holds 2.59M shares with $30.38M value, up from 2.27 million last quarter.

The stock of Encana Corporation (NYSE:ECA) registered a decrease of 28.04% in short interest.

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. For the quarter, shares have been noted at -31.05%. JPMorgan Chase & Co. increased its stake in shares of Encana Corporation by 13.0% during the second quarter. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. The industry's and sector's high P/E for the past year is 140.91 and 33.64 respectively and low P/E ratio for the last 5 years is 5.37 for the industry and 9.9 for the Sector.

Encana Corporation (ECA) stock price traded Upswing along with the volume 11.72 million shares in last session. The company has a market cap of $9.37 billion, a P/E ratio of 11.48 and a beta of 2.06. A total number of 6 analysts provided estimations over revenues. The stock's 50 day moving average price is $9.53 and its 200 day moving average price is $10.14.

Encana Corp (TSE:ECA) traded up 2.18% during midday trading on Friday, reaching $11.72. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. In the case particular EPS growth for this year of stock, the chart notifies quite story at present.

Encana Corp (NYSE:ECA) has average revenue estimates of $876.2 Million, compared to low analyst estimates of $798.16 Million and high estimates of $937.2 Million for the current quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. The ex-dividend date is Thursday, September 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.51%.

TRADEMARK VIOLATION WARNING: This news story was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this story on another website, it was stolen and republished in violation of United States & worldwide copyright and trademark law. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period. The firm earned "Underperform" rating on Thursday, June 23 by Macquarie Research. Finally, BidaskClub upgraded Encana Corporation from a "strong sell" rating to a "sell" rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

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


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