Encana (TSE:ECA) (NYSE:ECA) had its price target increased by Sanford C. Bernstein from C$19.89 to C$19.98 in a report published on Friday.
A number of other brokerages have also commented on ECA. AltaCorp Capital raised Encana from a sector perform rating to an outperform rating in a research note on Wednesday, February 7th. Raymond James Financial raised their price target on Encana to C$20.00 and gave the stock a strong-buy rating in a research note on Friday, October 20th. Finally, Scotiabank raised their price target on Encana to C$16.25 and gave the stock a sector perform rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Encana currently has a consensus rating of Buy and an average target price of C$16.83.
Shares of Encana (TSE ECA) traded down C$0.05 during mid-day trading on Friday, reaching C$13.79. The company had a trading volume of 5,343,500 shares, compared to its average volume of 4,010,000. Encana has a 12 month low of C$10.54 and a 12 month high of C$17.94. The stock has a market capitalization of $13,420.00, a price-to-earnings ratio of 13.93 and a beta of 1.67.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 29th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Wednesday, March 14th. Encana’s payout ratio is 6.06%.
In other news, Director Douglas James Suttles acquired 2,000 shares of the stock in a transaction on Friday, February 16th. The stock was acquired at an average price of C$14.00 per share, with a total value of C$28,000.00.
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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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