Encana Corp. (NYSE:ECA) (TSE:ECA)‘s stock had its “accumulate” rating reaffirmed by equities research analysts at KLR Group in a research report issued to clients and investors on Monday.
ECA has been the topic of a number of other reports. Zacks Investment Research downgraded Encana Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Scotiabank downgraded Encana Corp. from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 20th. CIBC upgraded Encana Corp. to a “sector perform” rating and raised their price target for the stock from $8.00 to $12.00 in a research note on Friday, September 30th. RBC Capital Markets restated a “sector perform” rating and issued a $10.00 price target (up from $9.00) on shares of Encana Corp. in a research note on Monday, September 12th. Finally, Jefferies Group raised their price target on Encana Corp. from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.74.
Shares of Encana Corp. (NYSE:ECA) opened at 12.16 on Monday. The company’s market cap is $11.83 billion. Encana Corp. has a 12-month low of $3.00 and a 12-month high of $12.55. The stock’s 50 day moving average price is $10.82 and its 200 day moving average price is $9.17.
Encana Corp. (NYSE:ECA) last posted its earnings results on Thursday, November 3rd. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.08. Encana Corp. had a positive return on equity of 1.79% and a negative net margin of 40.77%. During the same period last year, the business posted ($0.03) earnings per share. On average, analysts forecast that Encana Corp. will post $0.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.015 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.06 annualized dividend and a yield of 0.49%. Encana Corp.’s payout ratio is currently -3.97%.
Large investors have recently modified their holdings of the company. FCG Advisors LLC bought a new stake in shares of Encana Corp. during the third quarter valued at $105,000. Morningstar Investment Services LLC acquired a new position in shares of Encana Corp. during the third quarter valued at about $109,000. Murphy Pohlad Asset Management LLC raised its position in shares of Encana Corp. by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company’s stock valued at $126,000 after buying an additional 375 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Encana Corp. during the third quarter valued at about $133,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Encana Corp. during the third quarter valued at about $142,000. 64.44% of the stock is currently owned by institutional investors.
About Encana Corp.