Encana Corporation (ECA) Closed at $11.15

Gladys Abbott
May 19, 2017

Cibc Asset Management Inc acquired 3.07M shares as Encana Corp (ECA)'s stock 0.00%. Scotia Capital Inc who had been investing in Encana Corp for a number of months, seems to be less bullish one the $11.04 billion market cap company. ON Semiconductor Corporation (ON) RSI (Relative Strength Index) is 60.16. The RSI oscillates between zero and 100. The rating was upgraded by Citigroup on Friday, September 30 to "Buy". The correct version of this article can be accessed at https://sportsperspectives.com/2017/05/17/equities-analysts-offer-predictions-for-encana-corps-q2-2017-earnings-eca-updated.html.

A price target is the projected price level of a financial security stated by an investment analyst. 2,718,756 shares of the company's stock traded hands. It's now trading about -19.38% below its 52-week high. EPS growth percentage represents the annualized rate of net-income-per-share growth over the trailing one-year period for the stocks held by a stock. There is no concrete way to calculate a price target. Analysts use common formulas and ratios to accomplish this.

UBS "Upgrades" Encana Corp (NYSE:ECA) in a research note issued to investors on 3/23/17 to Buy with price target of $0.

According to Finviz reported data, The SMA20 of the stock is at 1.87 percent, SMA50 is 0.6 percent, while SMA200 is 0.51 percent. Earnings per share serves as an indicator of a company's profitability. Price Target plays a critical role when it comes to the analysis of a Stock. Investors measure stock performance on the basis of a company's earnings power. Comparatively, ECA posted earnings of $0.03 per share in the same quarter, a year earlier. These analysts have also projected a High Estimate of $0.08/share. Comparatively, Encana Corporation posted earnings of $0.03 per share in the same quarter a year ago. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $789.49 million. The Higher end of the revenue forecast is $880.15 Million, while the Lower end of the forecast is $788.43 Million. Fiera Capital Corp now owns 2,592,438 shares of the oil and gas company's stock worth $30,377,000 after buying an additional 319,371 shares during the last quarter.

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Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. So when the price drops below that moving average it signals a potential reversal based on that MA. Look at the direction of the moving average to get a basic idea of which way the price is moving. The stock's price moved down its 200-day moving average of $66.05.

While looking at the Stock's Performance, Encana Corporation now shows a Weekly Performance of -4.5%, where Monthly Performance is -5.83%, Quarterly performance is -15.07%, 6 Months performance is 3.51% and yearly performance percentage is 47.42%. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock valued at $233,000 after buying an additional 124 shares in the last quarter. Encana Corp (USA) (NYSE:ECA) has risen 6.00% since April 17, 2017 and is uptrending. Currently Encana Corporation (ECA) has beta value of 2.01. Scotiabank's price target would indicate a potential upside of 21.87% from the company's current price. Finally, JPMorgan Chase & Co. reaffirmed a "strong-buy" rating on shares of Encana Corp in a research report on Thursday, February 16th.

What Analyst Recommend about Encana Corporation (ECA)? Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. On Thursday, October 27 the stock rating was initiated by RBC Capital Markets with "Sector Perform". Encana Corp's dividend payout ratio is now -3.97%.

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