Encana Corp (ECA) Rating Reiterated by BMO Capital Markets

Ivan Schwartz
July 17, 2017

Equities research analysts predict that Encana Corporation will post $0.35 EPS for the current year.

Talking about profitability of the company, the profit margin percentage is -0.21% while its operating margin for the trailing twelve month is at 1.32%. Encana Corporation also saw some unusual options trading on Wednesday.

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Encana Corporation by 17.0% in the first quarter. The stock has "Market Perform" rating by FirstEnergy Capital on Tuesday, November 10. KBC Group NV boosted its stake in shares of Encana Corporation by 2,816.4% in the first quarter. World Asset Management Inc raised its position in shares of Encana Corporation by 4.0% in the first quarter. First Allied Advisory Services Inc. boosted its position in shares of Encana Corporation by 22.0% in the fourth quarter. The stock has "Buy" rating by Deutsche Bank on Thursday, January 21.

Encana Corporation (ECA) exchanged 19.04 million shares at hands and its average trading volume is standing at 11.84 million shares. The firm's 50-day moving average is $13.06 and its 200-day moving average is $15.07. Encana Corporation has a one year low of $7.45 and a one year high of $13.85. Scotia Capital maintained it with "Sector Perform" rating and $9 target in Thursday, August 11 report.

In this article we are focusing Historical volatility of Encana Corporation (ECA). Stock traders purchased 23,027 call options on the company. This represents an increase of approximately 791% compared to the typical daily volume of 2,583 call options. After $0.11 actual EPS reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -54.55% negative EPS growth. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $789.49 million. Total debt to equity ratio of the company for most recent quarter is 0.88 whereas long term debt to equity ratio for most recent quarter is 0.88. During the same quarter in the prior year, the company earned ($0.15) EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. The ex-dividend date was Tuesday, June 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.68%.

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ECA has been the topic of a number of recent analyst reports. The stock of Encana Corp (TSE:ECA) has "Underperform" rating given on Friday, February 17 by Scotia Capital.

Among 8 analysts covering Encana Corporation (TSE:ECA), 2 have Buy rating, 0 Sell and 6 Hold. Finally, Raymond James Financial, Inc. assumed coverage on Encana Corp in a research note on Wednesday, May 31st. They issued an outperform rating and a $15.00 target price for the company. Desjardins Securities maintained Encana Corp (USA) (NYSE:ECA) on Friday, March 31 with "Hold" rating. Canaccord Genuity reiterated a buy rating and issued a $14.00 price objective on shares of Encana Corporation in a research note on Tuesday, April 11th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Also, the current price highlights a discount of 30.34% to analysts' high consensus price target.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The Company's operations also include the marketing of natural gas, oil and NGLs.

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