The brokerage now has a buy rating on the oil and gas company’s stock.
ECA has received different ratings from analysts, according to FactSet.
Encana Corporation’s Quick Ratio shows the value of 1.3. At the time of writing, the First Call consensus price target for the company is $14.16. On Friday, February 17 the stock rating was maintained by TD Securities with “Hold”. The firm has “Buy” rating by Desjardins Securities given on Friday, September 16. Canaccord Genuity reissued a buy rating and set a $14.00 price target on shares of Encana Corporation in a research note on Saturday, March 11th. On Friday, October 7 the stock rating was downgraded by Societe Generale to “Sell”.
Encana Corporation (NYSE ECA) opened at 8.79 on Tuesday. The company’s Market capitalization is $91.13 Billion with the total Outstanding Shares of 595.00 million. The stock’s 50-day moving average price is $10.41 and its 200-day moving average price is $11.58.
Shares of Encana Corporation (ECA) touched the day high at $9.38 while its day Low was at $8.70. The stock of Encana Corp (USA) (NYSE:ECA) earned “Buy” rating by Goldman Sachs on Friday, September 11. Encana Corporation had a negative net margin of 3.87% and a positive return on equity of 5.21%.
Ballard Power Sys (NASDAQ:BLDP) has average revenue estimates of $26.14 Million, compared to low analyst estimates of $24.9 Million and high estimates of $27.4 Million for the current quarter. The stock inclined 8.73% last month and is up 22.45 this year.
Currently, 28 analysts cover Encana (ECA).
TRADEMARK VIOLATION NOTICE: This story was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright law. BMO Capital Markets has “Outperform” rating and $7.50 target.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th.
While looking at the Stock’s Performance, Encana Corporation now shows a Weekly Performance of 2.99%, where Monthly Performance is -17.84%, Quarterly performance is -15.68%, 6 Months performance is -27.63% and yearly performance percentage is 15.1%. The ex-dividend date will be Tuesday the 13th of June 2017. The dividend will be $0.015 per share for the quarter which comes to $0.06 on an annualized basis.
Price to Earning P/E ratio and Forward P/E stand at 0 and 10.67 respectively.
Several equities analysts have recently weighed in on the company. Jpmorgan Chase reported 150,595 shares or 0% of all its holdings.
Diamond Offshore Drilling IN (NYSE:DO) had an increase of 9.75% in short interest. Wetherby Asset Management Inc. raised its position in shares of Encana Corporation by 0.6% in the first quarter. Howard Hughes Medical Institute raised its position in shares of Encana Corporation by 0.3% in the first quarter. Another trade for 37,919 shares valued at $5.73 million was made by Schroepfer Michael Todd on Tuesday, May 9. For the quarter, shares have been noted at -15.89%. After posting $0.11 EPS for the previous quarter, Encana Corp (USA)’s analysts now forecast -54.55 % negative EPS growth.
During the 52-week trading session the minimum price at which share price traded, registered at $44.57 and reached to max level of $168.50. Institutional investors and hedge funds own 68.19% of the company’s stock.
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays.