Encana Corp (TSE:ECA) Receives C$16.80 Consensus Target Price from Analysts

Gladys Abbott
July 17, 2017

Other equities research analysts also recently issued reports about the company.

RAD's fiscal year ends Mar 4, 2017 and the most recent quarter started on Jun 3, 2017.

Institutional investors and hedge funds own 73.06% of the company's stock. About 2.10M shares traded. Howard Hughes Medical Institute now owns 144,220 shares of the oil and gas company's stock worth $1,689,000 after buying an additional 389 shares during the last quarter. Viking Global Investors LP now owns 88,788,457 shares of the oil and gas company's stock worth $1,042,376,000 after buying an additional 1,963,057 shares during the period. For the quarter, shares have been noted at -24.13%.

For the Current Quarter, the growth estimate for Encana Corporation is -60%, while for the Next Quarter the stock growth estimate is 50%. Envestnet Asset Management Inc. now owns 32,319 shares of the oil and gas company's stock worth $378,000 after buying an additional 4,699 shares during the last quarter. Raymond James initiated it with "Outperform" rating and $20 target in Wednesday, May 31 report. They now have a Dollars 14 price target on the stock.

Encana Corp (NYSE:ECA) has grabbed attention from the analysts, when it saw a value increase of 0.98% or 0.09 points in the last trading session to close at $9.24. Bocage Capital Llc sold 526,679 shares as Encana Corp (ECA)'s stock declined 8.34%. It has a market cap of $8.98 Billion. The firm's 50 day moving average price is $9.75 and its 200-day moving average price is $11.30. The company rocked its 52-Week High of $13.85 and touched its 52-Week Low of $7.45. Encana Corporation also was the recipient of unusually large options trading on Wednesday.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock.

According to the analysts, Rite Aid Corp (NYSE:RAD) is expected to announce $-0.02/share EPS for the current quarter. Encana Corporation had a positive return on equity of 5.21% and a negative net margin of 3.87%.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, June 13th.

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ECA has been the topic of a number of recent analyst reports.

BMO Capital Markets reiterated their buy rating on shares of Encana Corporation (NYSE:ECA) (TSE:ECA) in a report published on Tuesday, June 27th, Marketbeat Ratings reports. Fiera Capital Corp raised its position in shares of Encana Corporation by 14.1% in the fourth quarter. Finally, Royal Bank Of Canada reissued a buy rating and set a $14.00 price objective on shares of Encana Corporation in a report on Monday, May 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -61.04% and has no so good Year to Date (YTD) Performance of -72.69% which means the stock is constantly adding to its value from previous fiscal year end price.

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.

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