Encana Corporation (NYSE:ECA) (TSE:ECA) had its price objective upped by Barclays PLC from $12.00 to $13.00 in a report issued on Wednesday, October 25th. Barclays PLC currently has an overweight rating on the oil and gas company’s stock.
A number of other equities analysts also recently commented on ECA. UBS AG upgraded Encana Corporation from an outperform rating to a strong-buy rating in a research note on Wednesday, July 5th. BidaskClub downgraded Encana Corporation from a hold rating to a sell rating in a research note on Thursday, August 17th. AltaCorp Capital upgraded Encana Corporation from a sector perform rating to an outperform rating in a research note on Monday, July 24th. KLR Group reiterated a buy rating and issued a $18.00 price target (up from $16.00) on shares of Encana Corporation in a research note on Monday, July 24th. Finally, GMP Securities reiterated a buy rating and issued a $16.00 price target on shares of Encana Corporation in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $14.39.
Encana Corporation (NYSE:ECA) traded down $0.04 during trading hours on Wednesday, reaching $12.65. The company had a trading volume of 6,896,600 shares, compared to its average volume of 12,135,194. The firm has a market capitalization of $12,348.82, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 3.49 and a beta of 2.17. Encana Corporation has a fifty-two week low of $8.01 and a fifty-two week high of $13.85. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.62.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.015 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.06 annualized dividend and a yield of 0.47%. Encana Corporation’s dividend payout ratio (DPR) is 7.60%.
A number of institutional investors have recently bought and sold shares of the business. Taylor Asset Management Inc. grew its position in Encana Corporation by 15.3% in the third quarter. Taylor Asset Management Inc. now owns 2,730,800 shares of the oil and gas company’s stock worth $32,143,000 after buying an additional 362,100 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Encana Corporation during the 3rd quarter worth approximately $5,193,000. Trexquant Investment LP purchased a new position in Encana Corporation during the 3rd quarter worth approximately $1,133,000. Virginia Retirement Systems ET AL grew its position in Encana Corporation by 150.5% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 192,861 shares of the oil and gas company’s stock worth $2,265,000 after purchasing an additional 115,859 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Encana Corporation by 25.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,961,563 shares of the oil and gas company’s stock worth $23,012,000 after purchasing an additional 398,422 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.
About Encana Corporation
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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