Shares of Encana Corp (NYSE:ECA) (TSE:ECA) have been assigned a consensus rating of “Buy” from the twenty-six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.45.
Several equities analysts recently commented on the company. TD Securities increased their target price on Encana from $14.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 9th. National Bank Financial increased their target price on Encana from $14.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, November 9th. Scotiabank increased their target price on Encana from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, October 19th. Raymond James Financial upped their price objective on shares of Encana from $15.00 to $16.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 19th. Finally, Citigroup upped their price objective on shares of Encana from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, October 19th.
Several institutional investors and hedge funds have recently made changes to their positions in ECA. Stevens Capital Management LP acquired a new stake in shares of Encana during the second quarter worth about $102,000. Gotham Asset Management LLC acquired a new stake in shares of Encana during the second quarter worth about $109,000. Commerce Bank acquired a new stake in shares of Encana during the third quarter worth about $118,000. First Allied Advisory Services Inc. boosted its stake in shares of Encana by 13.3% during the second quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock worth $119,000 after buying an additional 1,567 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Encana during the second quarter worth about $128,000. Institutional investors and hedge funds own 68.94% of the company’s stock.
Encana (ECA) traded down $0.12 during trading hours on Tuesday, reaching $13.35. The company had a trading volume of 9,630,000 shares, compared to its average volume of 6,970,000. The stock has a market capitalization of $13,010.00, a price-to-earnings ratio of 16.69 and a beta of 2.15. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Encana has a 52-week low of $8.01 and a 52-week high of $14.01.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.015 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.45%. Encana’s dividend payout ratio (DPR) is 7.50%.
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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.
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