Encana (ECA) Downgraded to “Sector Perform” at AltaCorp Capital

AltaCorp Capital lowered shares of Encana (TSE:ECA) (NYSE:ECA) from an outperform rating to a sector perform rating in a research note released on Monday morning.

A number of other analysts have also commented on ECA. Raymond James Financial lifted their price target on shares of Encana to C$20.00 and gave the stock a strong-buy rating in a research note on Friday, October 20th. Scotiabank lifted their price target on shares of Encana to C$16.25 and gave the stock a sector perform rating in a research note on Friday, October 20th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Encana presently has an average rating of Buy and a consensus target price of C$16.20.

Shares of Encana (TSE ECA) traded up C$0.15 during mid-day trading on Monday, hitting C$17.60. 984,949 shares of the stock were exchanged, compared to its average volume of 3,081,921. Encana has a 52-week low of C$10.54 and a 52-week high of C$18.13. The company has a market capitalization of $16,970.00, a price-to-earnings ratio of 17.78 and a beta of 1.77.

Encana (TSE:ECA) (NYSE:ECA) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). Encana had a return on equity of 17.15% and a net margin of 34.15%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.019 dividend. This is an increase from Encana’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.43%. Encana’s dividend payout ratio (DPR) is presently 6.06%.

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About Encana

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.

Analyst Recommendations for Encana (TSE:ECA)

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