Encana Corporation (ECA) PT Raised to $14.00 at Morgan Stanley

Encana Corporation (NYSE:ECA) (TSE:ECA) had its price target boosted by Morgan Stanley from $11.50 to $14.00 in a research report issued to clients and investors on Friday. The firm presently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s target price points to a potential upside of 22.70% from the company’s previous close.

ECA has been the subject of a number of other research reports. Scotiabank upgraded Encana Corporation from an “underperform” rating to a “sector perform” rating and set a $11.00 price target for the company in a report on Friday, June 30th. BidaskClub upgraded Encana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and set a $8.00 price target on shares of Encana Corporation in a report on Saturday, July 22nd. Royal Bank Of Canada boosted their price objective on Encana Corporation from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. Finally, Wolfe Research restated an “outperform” rating and set a $13.00 price objective on shares of Encana Corporation in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.64.

Encana Corporation (NYSE:ECA) traded down 0.17% during trading on Friday, hitting $11.41. The company had a trading volume of 4,543,916 shares. The stock has a market capitalization of $11.10 billion, a PE ratio of 13.60 and a beta of 2.12. Encana Corporation has a one year low of $8.01 and a one year high of $13.85. The stock has a 50-day moving average of $10.63 and a 200-day moving average of $10.20.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $773.19 million. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that Encana Corporation will post $0.50 EPS for the current year.

WARNING: “Encana Corporation (ECA) PT Raised to $14.00 at Morgan Stanley” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/15/encana-corporation-eca-pt-raised-to-14-00-at-morgan-stanley.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. raised its position in Encana Corporation by 13.0% during the third quarter. Eqis Capital Management Inc. now owns 50,847 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 5,869 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Encana Corporation during the second quarter valued at approximately $280,000. Raymond James Financial Services Advisors Inc. raised its position in Encana Corporation by 7.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 107,286 shares of the oil and gas company’s stock valued at $944,000 after purchasing an additional 7,358 shares in the last quarter. Steadfast Capital Management LP raised its position in Encana Corporation by 5.0% during the second quarter. Steadfast Capital Management LP now owns 20,963,596 shares of the oil and gas

ECA has been the subject of a number of other research reports. Scotiabank upgraded Encana Corporation from an “underperform” rating to a “sector perform” rating and set a $11.00 price target for the company in a report on Friday, June 30th. BidaskClub upgraded Encana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and set a $8.00 price target on shares of Encana Corporation in a report on Saturday, July 22nd. Royal Bank Of Canada boosted their price objective on Encana Corporation from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. Finally, Wolfe Research restated an “outperform” rating and set a $13.00 price objective on shares of Encana Corporation in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.64.

Encana Corporation (NYSE:ECA) traded down 0.17% during trading on Friday, hitting $11.41. The company had a trading volume of 4,543,916 shares. The stock has a market capitalization of $11.10 billion, a PE ratio of 13.60 and a beta of 2.12. Encana Corporation has a one year low of $8.01 and a one year high of $13.85. The stock has a 50-day moving average of $10.63 and a 200-day moving average of $10.20.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $773.19 million. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that Encana Corporation will post $0.50 EPS for the current year.

WARNING: “Encana Corporation (ECA) PT Raised to $14.00 at Morgan Stanley” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/15/encana-corporation-eca-pt-raised-to-14-00-at-morgan-stanley.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. raised its position in Encana Corporation by 13.0% during the third quarter. Eqis Capital Management Inc. now owns 50,847 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 5,869 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Encana Corporation during the second quarter valued at approximately $280,000. Raymond James Financial Services Advisors Inc. raised its position in Encana Corporation by 7.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 107,286 shares of the oil and gas company’s stock valued at $944,000 after purchasing an additional 7,358 shares in the last quarter. Steadfast Capital Management LP raised its position in Encana Corporation by 5.0% during the second quarter. Steadfast Capital Management LP now owns 20,963,596 shares of the oil and gas company’s stock valued at $184,480,000 after purchasing an additional 989,023 shares in the last quarter. Finally, First Commonwealth Financial Corp PA acquired a new position in Encana Corporation during the second quarter valued at approximately $149,000. Institutional investors and hedge funds own 66.76% of the company’s stock.

About Encana Corporation

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 operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

Analyst Recommendations for Encana Corporation (NYSE:ECA)

Receive News & Ratings for Encana Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply