Canaccord Genuity reissued a buy rating and set a $14.00 price target on shares of Encana Corporation in a research note on Tuesday, April 11th. Royal Bank Of Canada's price objective points to a potential upside of 32.92% from the company's current price. Causeway Capital Management LLC raised its stake in Encana Corporation by 95.2% in the first quarter.
The stock volatility for week was 4.11% while for month was 3.98%.The stock, as of last close, traded 22.10% to its 52 week low and was changed -29.39% from its 52 week high. Also, the Hold rating count is 6 as of 08/09/17. Desjardins restated a "hold" rating and issued a $13.75 price target on shares of Encana Corporation in a research report on Thursday, March 30th. The stock of Encana Corp (USA) (NYSE:ECA) has "Hold" rating given on Wednesday, June 21 by Macquarie Research. RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, September 20 report. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The company now has a consensus rating of "Buy" and an average price target of $13.32.
Shares of Encana Corporation (NYSE:ECA) tumbled -1.110% in morning trade Wednesday. 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. The firm has a market capitalization of $9.52 billion, a PE ratio of 11.66 and a beta of 2.04.
The High Revenue estimate is predicted as 1.02 Million, while the Low Revenue Estimate prediction stands at 798160.
For the Current Quarter, the growth estimate for Encana Corporation is 75%, while for the Next Quarter the stock growth estimate is 33.3%. The oil and gas company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.15.
Analysts are also projecting an Average Revenue Estimate for Encana Corporation as $906120 in the Current Quarter. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. The analysts estimated EPS for the higher end at 0.23 while the year ago reported earnings per share was 0.07. Analysts anticipate that Encana Corporation will post $0.50 earnings per share for the current fiscal year.
Let's have a look at some of the important valuation ratios of the Encana Corporation (ECA). If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/10/royal-bank-of-canada-reaffirms-buy-rating-for-encana-corporation-eca-updated-updated.html. For institutional shareholders who wish to sell a large number of shares of a certain stock, lower liquidity will force them to sell the stock slowly over a longer period of time, to avoid losses because of slippage. During the same period a year ago, the firm posted $0.10 earnings per share. The company's past year sales total was 979000. DekaBank Deutsche Girozentrale now owns 14,072 shares of the oil and gas company's stock worth $123,000 after buying an additional 6,500 shares during the last quarter. Howard Hughes Medical Institute boosted its stake in Encana Corporation by 0.3% in the first quarter. First Manhattan Co. now owns 103,320 shares of the oil and gas company's stock worth $1,081,000 after buying an additional 76,742 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Encana Corporation by 0.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 284,512 shares of the oil and gas company's stock valued at $3,324,000 after buying an additional 54,490 shares in the last quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company's stock worth $114,000 after buying an additional 666 shares during the period.