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Encana (NYSE:ECA) was downgraded by stock analysts at TD Securities to a “buy” rating in a report issued on Friday.

Encana (NYSE:ECA) opened at 23.91 on Friday. Encana has a one year low of $16.48 and a one year high of $24.83. The stock’s 50-day moving average is $23.48 and its 200-day moving average is $20.70. The company has a market cap of $17.717 billion and a P/E ratio of 22.56.

Encana (NYSE:ECA) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.17. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts predict that Encana will post $1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders 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 1.17%. The ex-dividend date is Wednesday, June 11th.

A number of other analysts have also recently weighed in on ECA. Analysts at BMO Capital Markets raised their price target on shares of Encana from $27.00 to $29.00 in a research note on Friday, May 30th. They now have an “outperform” 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, May 30th. 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.32.

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

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