EnCana Target of Unusually High Options Trading (ECA)
EnCana (NYSE:ECA) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 10,224 call options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 485% compared to the typical volume of 1,748 call options.
A number of research firms have recently commented on ECA. Analysts at Cormark downgraded shares of EnCana to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Societe Generale downgraded shares of EnCana from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. They now have a $19.00 price target on the stock, down previously from $23.00. Finally, analysts at Zacks downgraded shares of EnCana from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 25th. They now have a $18.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.38.
Shares of EnCana (NYSE:ECA) traded up 2.55% during mid-day trading on Friday, hitting $17.68. The stock had a trading volume of 5,776,250 shares. EnCana has a 1-year low of $16.48 and a 1-year high of $24.29. The stock’s 50-day moving average is $17.38 and its 200-day moving average is $17.95. The company’s market cap is $13.046 billion.
EnCana (NYSE:ECA) last announced its earnings results on Wednesday, July 24th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.17. During the same quarter in the prior year, the company posted $0.27 earnings per share. Analysts expect that EnCana will post $1.03 EPS for the current fiscal year.
EnCana Corporation (NYSE:ECA) is a natural gas producing company.
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