Encana Corporation (ECA) Stock Rating Upgraded by BidaskClub

Cornelia Mascio
Luglio 17, 2017

ECA's average Beneish M-Score: -2.85 during the last 7 years. FMR LLC now owns 20,771,231 shares of the oil and gas company's stock worth $243,813,000 after buying an additional 18,298,176 shares during the last quarter. Howard Hughes Medical Institute increased its stake in shares of Encana Corporation by 0.3% in the first quarter. World Asset Management Inc raised its position in shares of Encana Corporation by 4.0% in the first quarter. FMR LLC now owns 22,080,449 shares of the oil and gas company's stock worth $258,686,000 after buying an additional 1,309,218 shares during the period. Eqis Capital Management Inc. boosted its stake in Encana Corporation by 44.7% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company's stock worth $277,000 after buying an additional 133 shares during the last quarter. J P Morgan Chase & Co started coverage on Encana Corporation in a report on Wednesday, February 15th. More specifically greed and fear in the market place are the two main factors that cause stock prices to change.

The share price of Encana Corporation (NYSE:ECA) was up +3.16% during the last trading session, with a day high of 9.40. The stock exchanged hands 19.04 Million shares versus average trading capacity of 11.84 Million shares. The company has market cap of $1.85 billion. The firm's 50 day moving average price is $9.75 and its 200-day moving average price is $11.30. For the current quarter Encana Corp (NYSE:ECA) has high EPS estimates of $0.09 in contradiction of low EPS estimates of $0.01. Encana Corporation also was the target of some unusual options trading activity on Wednesday. Traders acquired 23,027 call options on the company.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its earnings results on Tuesday, May 2nd.

Having a peek at growth estimates of the company, Encana Corp (NYSE:ECA) has current quarter growth estimates of -70% however it has 50% estimations over growth for the next quarter. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $789.49 million. Encana Corporation had a positive return on equity of 5.21% and a negative net margin of 3.87%. During the same period in the previous year, the company earned ($0.15) earnings per share.

07/04/2017 - Encana Corporation was upgraded to "strong buy" by analysts at Raymond James. Stockholders of record on Thursday, June 15th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, June 13th. Encana Corporation's dividend payout ratio is presently -31.58%. If you are reading this piece on another website, it was illegally stolen and reposted in violation of U.S. & global copyright & trademark laws. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/07/15/stifel-financial-corp-raises-position-in-encana-corporation-nyseeca.html.

Several other research firms have also recently issued reports on ECA. The stock of Encana Corp (TSE:ECA) earned "Hold" rating by TD Securities on Friday, January 27. Jefferies Group LLC set a $14.00 price target on shares of Encana Corporation and gave the company a "buy" rating in a research report on Wednesday, May 17th. Scotiabank reissued an underperform rating and set a C$15.00 price target on shares of Encana Corp in a research note on Thursday, April 20th. The stock has "Market Perform" rating by FirstEnergy Capital on Tuesday, November 10. TD Securities maintained Encana Corp (TSE:ECA) rating on Friday, November 18. The average 12-month target price among brokerages that have updated their coverage on the stock in the a year ago is $13.36.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE