BMO Capital Markets set a $17.00 price target on Encana (NYSE:ECA) (TSE:ECA) in a research report report published on Thursday. The brokerage currently has a buy rating on the oil and gas company’s stock.
A number of other research firms also recently commented on ECA. Canaccord Genuity reissued a buy rating and issued a $16.00 target price on shares of Encana in a report on Tuesday. National Bank Financial raised their target price on Encana from $14.50 to $18.00 and gave the company an outperform rating in a report on Tuesday. TD Securities raised 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. Scotiabank raised 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. Finally, Raymond James Financial raised their target price on Encana from $15.00 to $16.00 and gave the company a strong-buy rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company’s stock. Encana has an average rating of Buy and a consensus price target of $14.91.
Encana (NYSE ECA) traded down $0.06 during trading on Thursday, reaching $13.98. The company’s stock had a trading volume of 9,015,202 shares, compared to its average volume of 8,340,000. Encana has a 12 month low of $8.01 and a 12 month high of $14.31. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $13,610.00, a P/E ratio of 17.48 and a beta of 2.15.
The company also recently declared 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. This represents a $0.06 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Thursday, December 14th. Encana’s dividend payout ratio (DPR) is presently 7.50%.
Large investors have recently added to or reduced their stakes in the company. Commerce Bank acquired a new position in shares of Encana during the 3rd quarter worth $118,000. Stevens Capital Management LP acquired a new position in Encana in the 2nd quarter valued at about $102,000. Gotham Asset Management LLC acquired a new position in Encana in the 2nd quarter valued at about $109,000. First Allied Advisory Services Inc. raised its stake in Encana by 13.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new position in Encana in the 3rd quarter valued at about $165,000. 68.94% of the stock is owned by institutional investors and hedge funds.
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Encana Company Profile
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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