Encana PT Raised to $29.00 at BMO Capital Markets (ECA)
Research analysts at BMO Capital Markets boosted their target price on shares of Encana (NYSE:ECA) from $27.00 to $29.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 24.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Encana from C$26.00 to C$30.00 in a research note on Friday. They now have an “action list buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Encana from $27.00 to $29.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of Encana from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Encana currently has an average rating of “Hold” and a consensus target price of $25.58.
Shares of Encana (NYSE:ECA) traded up 0.09% on Friday, hitting $23.30. The stock had a trading volume of 3,857,562 shares. Encana has a one year low of $16.48 and a one year 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 $17.265 billion and a price-to-earnings ratio of 21.96.
Encana (NYSE:ECA) last released its earnings data on Tuesday, May 13th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.17. During the same quarter last year, the company posted $0.24 earnings per share. Analysts expect that Encana will post $1.71 EPS 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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