Share on StockTwits

Encana (NYSE:ECA) declared a quarterly dividend on Tuesday, May 13th, Analyst Ratings.Net reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.07 per share on Monday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.24%.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Encana from C$26.00 to C$30.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. On a related note, analysts at CSFB raised their price target on shares of Encana from C$22.00 to C$27.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Encana from C$26.00 to C$27.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.03.

Encana (NYSE:ECA) opened at 22.56 on Tuesday. Encana has a 1-year low of $16.48 and a 1-year high of $23.93. The stock has a 50-day moving average of $22.37 and a 200-day moving average of $19.56. The company has a market cap of $16.715 billion and a price-to-earnings ratio of 70.12. Encana also was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 15,293,443 shares, a decline of 16.7% from the April 15th total of 18,364,432 shares. Based on an average trading volume of 4,882,304 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.1% of the shares of the stock are short sold.

Encana (NYSE:ECA) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.17. During the same quarter in the previous year, the company posted $0.24 earnings per share. Analysts expect that Encana will post $1.47 EPS for the current fiscal year.

Encana Corporation (NYSE:ECA) is a North American energy producer.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.