Encana Price Target Increased to $29.00 by Analysts at RBC Capital (ECA)
Stock analysts at RBC Capital raised their target price on shares of Encana (NYSE:ECA) from $27.00 to $29.00 in a report issued on Friday. RBC Capital’s target price would suggest a potential upside of 24.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Encana from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Encana in a research note on Tuesday, May 13th. They now have a $23.00 price target on the stock, up previously from $20.00. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.03.
Shares of Encana (NYSE:ECA) opened at 23.28 on Friday. Encana has a 52 week low of $16.48 and a 52 week high of $23.93. The stock has a 50-day moving average of $22.90 and a 200-day moving average of $19.97. The company has a market cap of $17.250 billion and a P/E ratio of 21.63.
Encana (NYSE:ECA) last issued its quarterly earnings data 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. On average, analysts predict that Encana will post $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, June 11th.
Encana Corporation (NYSE:ECA) is a North American energy producer.
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