Encana Corp (ECA) Receives Consensus Rating of “Buy” from Analysts

Shares of Encana Corp (TSE:ECA) (NYSE:ECA) have received an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$16.20.

Several brokerages have recently commented on ECA. Scotiabank raised their price objective on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Raymond James Financial raised their price objective on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 20th.

Encana (TSE ECA) opened at C$17.58 on Friday. Encana has a 52-week low of C$10.54 and a 52-week high of C$18.13. The firm has a market cap of $17,110.00, a P/E ratio of 17.58 and a beta of 1.77.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.43%. This is an increase from Encana’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 14th. Encana’s dividend payout ratio (DPR) is presently 6.00%.

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About Encana

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.

Analyst Recommendations for Encana (TSE:ECA)

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