Encana Corp (ECA) Receives Average Rating of “Buy” from Analysts
Encana Corp (TSE:ECA) (NYSE:ECA) has received an average rating of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$16.35.
A number of research firms have commented on ECA. AltaCorp Capital upgraded shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. TD Securities lifted their price objective on shares of Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada lifted their price objective on shares of Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday, July 24th. Raymond James Financial, Inc. lifted their price objective on shares of Encana Corp to C$19.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Encana Corp in a report on Wednesday, June 21st.
Shares of Encana Corp (TSE:ECA) traded down 0.08% during midday trading on Tuesday, hitting $12.13. 636,399 shares of the stock were exchanged. The company has a market cap of $11.80 billion and a PE ratio of 14.46. Encana Corp has a 12 month low of $10.54 and a 12 month high of $18.13. The stock has a 50 day moving average price of $11.95 and a 200-day moving average price of $14.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 14th.
Encana Corp Company Profile
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia.
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