Published: Mon, July 17, 2017
Markets | By Noel Gibbs

Brokers Add To Their Ratings On Encana Corporation (NYSE:ECA)


An M-Score lower than -2.22 indicates that the company will not be a manipulator. UBS Asset Management Americas Inc. owned 0.27% of Encana Corporation worth $30,793,000 as of its most recent filing with the SEC.

Several hedge funds and other institutional investors have recently bought and sold shares of ECA. First Republic Investment Management Inc. bought a new position in Encana Corporation during the fourth quarter worth approximately $140,000. A total of 8.8 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 11.91 Million shares, while its relative volume stands at 0.74. The Bocage Capital Llc holds 373,321 shares with $4.38 million value, down from 900,000 last quarter. KBC Group NV now owns 486,688 shares of the oil and gas company's stock valued at $5,699,000 after buying an additional 470,000 shares during the last quarter. Tracking most recent quarter period, Price to book (P/B) ration is at 1.36 and Price to cash per share ration is at 17.17. BlackRock Inc. now owns 21,896,113 shares of the oil and gas company's stock worth $256,403,000 after buying an additional 21,702,894 shares during the last quarter.

Analysts expect Encana Corp (TSE:ECA) to report $0.09 EPS on July, 20.They anticipate $0.04 EPS change or 30.77 % from last quarter's $0.13 EPS. The stock had a trading volume of 11,753,891 shares. The firm's 50-day moving average is $13.06 and its 200-day moving average is $15.07. Encana Corporation has a 52-week low of 7.45 and a 52-week high of 13.85.

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In Thursday trading session, Encana Corporation (ECA) stock is attractive participant of Wall Street Market. After having $0.15 EPS previously, Encana Corp's analysts see -40.00 % EPS growth. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $789.49 million. Encana Corporation had a positive return on equity of 5.21% and a negative net margin of 3.87%. While in the same Quarter Previous year, the Actual EPS was $0.1.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Encana Corporation's dividend payout ratio is presently -31.58%.

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ILLEGAL ACTIVITY WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright legislation. Capstone Asset Management Co. increased its stake in shares of Encana Corporation by 0.8% in the first quarter.

ECA has been the subject of a number of analyst reports. The stock of Encana Corp (USA) (NYSE:ECA) earned "Buy" rating by BMO Capital Markets on Saturday, September 5.

Other equities research analysts also recently issued reports about the company. They issued an overweight rating and a $16.00 price objective on the stock. Scotiabank reissued an underperform rating and set a C$15.00 price target on shares of Encana Corp in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, fifteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the past year is C$16.70.

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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.

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