Encana Corp to Issue Quarterly Dividend of $0.02 (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Friday, July 21st, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.015 per share on Friday, September 29th. This represents a $0.06 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Encana Corp (ECA) traded down 3.61% on Friday, hitting $11.20. 2,492,818 shares of the company traded hands. The firm has a market capitalization of $10.90 billion and a P/E ratio of 13.35. The firm’s 50-day moving average is $11.94 and its 200 day moving average is $13.40. Encana Corp has a 1-year low of $10.54 and a 1-year high of $18.13.
A number of research firms recently weighed in on ECA. Royal Bank Of Canada upped their price objective on shares of Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Raymond James Financial, Inc. upped their price objective on shares of Encana Corp to C$19.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 24th. TD Securities raised shares of Encana Corp from a “hold” rating to a “buy” rating and set a C$15.00 price objective for the company in a research note on Friday, June 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$13.00 price objective on shares of Encana Corp in a research note on Wednesday, June 21st. Finally, AltaCorp Capital upgraded shares of Encana Corp from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Encana Corp currently has a consensus rating of “Buy” and an average target price of C$16.35.
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About Encana Corp
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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