Nantahala Capital Management Llc owns 1.77 million shares or 1.87% of their USA portfolio.
Springbok Capital Management Llc decreased Sun Cmntys Inc (NYSE:SUI) stake by 5,628 shares to 10,351 valued at $793,000 in 2016Q4. Quantitative Systematic Strategies LLC acquired a new position in shares of Encana Corporation during the second quarter worth about $118,000. Wellington Management Group LLP raised its position in Encana Corporation by 337.3% in the first quarter. Finally, Steadfast Capital Management LP increased its position in Encana Corporation by 12.2% in the first quarter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, Point72 Asia Singapore Pte. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. The 50 day moving average moved up $0.30 and the 200 day average went down by -9.71%.
The stock is trading at $9.70 just above the 50 day moving average of $9.34 and which is well below the 200 day moving average of $10.68. The firm has a market capitalization of $9.50 billion, a PE ratio of 11.63 and a beta of 2.04. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%.
Encana Corp (NYSE:ECA) has average revenue estimates of $906.12 Million, compared to low analyst estimates of $798.16 Million and high estimates of $1.02 Billion for the current quarter.
7/21/2017 – Encana Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. Additionally Encana Corporation recently announced a dividend for shareholders to be paid on Friday the 29th of September 2017. Stockholders of record on Friday, September 15th will be issued a dividend of $0.015 per share.
Wall Street analysts are predicting that Encana Corp (NYSE:ECA) will report earnings per share of $0.07 in their quarterly report. Viking Global Investors Lp owns $775.64 million in Encana Corporation, which represents roughly 8.34% of the company’s market cap and approximately 11.7% of the institutional ownership.
TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of global copyright and trademark legislation. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/08/11/world-asset-management-inc-has-504000-stake-in-encana-corporation-eca.html. Analysts reported their respective ratings recommendation for ECA. BMO Capital Markets maintained Encana Corp (USA) (NYSE:ECA) on Thursday, June 15 with “Buy” rating.
Encana Corp had its price target raised by analysts at Raymond James Financial, Inc.to C$19.00. Scotiabank upped their price target on shares of Encana Corporation from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada increased their price target on shares of Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research note on Monday, July 24th. They now have a “buy” rating on the stock. It opened the session with a $9.91 price tag, later ranging from $9.655 to $9.95, the range at which the stock has traded at throughout the day.
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.