Shares of Encana Corporation (NYSE:ECA) (TSE:ECA) have earned a consensus recommendation of “Buy” from the thirty research firms that are now covering the stock, MarketBeat.com reports. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Encana Corp presently has an average rating of “Buy” and an average price target of C$16.35.
Several other equities research analysts have also recently commented on the stock. Raymond James Financial, Inc. increased their price objective on Encana Corporation from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Jefferies Group LLC set a $14.00 price objective on shares of Encana Corporation and gave the stock a buy rating in a report on Wednesday, May 17th. Desjardins restated a hold rating and set a $13.75 price objective on shares of Encana Corporation in a research report on Thursday, March 30th.
In terms of Buy, Sell or Hold recommendations, Encana Corp (NYSE:ECA) has analysts’ mean recommendation of 2.1. Canaccord Genuity reiterated a buy rating and issued a $14.00 target price on shares of Encana Corporation in a report on Tuesday, April 11th. Encana Corporation has a consensus rating of Buy and an average price target of $13.32. If you are reading this article on another site, it was illegally stolen and republished in violation of United States and worldwide copyright laws.
ILLEGAL ACTIVITY WARNING: “Royal Bank Of Canada Raises Encana Corporation (NYSE:ECA) Price Target to $13.00″ was originally reported by Week Herald and is the sole property of of Week Herald. Looking at a shorter time period, shares have been seen -21.87% away from the 50 day high and -1.29% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Parsley Energy, Inc. Equity Investment Corp Acquisition Inc boosted its position in Encana Corporation by 10.7% in the first quarter. CIBC Asset Management Inc now owns 6,575,705 shares of the oil and gas company’s stock valued at $57,790,000 after buying an additional 3,131,997 shares in the last quarter. During the same quarter past year, the business posted $0.10 earnings per share. Quantitative Systematic Strategies LLC bought a new position in Encana Corporation during the second quarter worth $118,000. Wellington Management Group LLP now owns 12,168,568 shares of the oil and gas company’s stock worth $142,337,000 after buying an additional 9,385,795 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Encana Corporation by 5.0% in the first quarter. The firm now has a $18.00 price target on the oil and gas company’s stock, up from their prior price target of $16.00. Finally, Creative Planning increased its position in Encana Corporation by 194.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 284,512 shares of the oil and gas company’s stock worth $3,324,000 after buying an additional 54,490 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.
Encana Corporation closed its last trading session at $10.02 with the loss of -2.1%. The company had a trading volume of 2,331,651 shares.
Encana Corp (NYSE:ECA) 52-week high price stands at $13.85 and low price stands at $7.63, its price distance from 52-week high is -29.17% while its distance from 52-week low price is 28.57%. The stock has a market capitalization of $9.54 billion, a P/E ratio of 11.68 and a beta of 2.04.
Encana Corporation (NYSE:ECA) is standing on a contradictory position. The oil and gas company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The company beat the analyst EPS Estimate with the difference of $0.08. During the same period previous year, the company earned $0.10 earnings per share. On average, analysts forecast that Encana Corporation will post $0.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.59%. Encana Corporation P/E (price to earnings) ratio is 11.37 and Forward P/E ratio of 13.78.