Summary of Encana Corporation (NYSE:ECA) Ratings

Cornelia Mascio
Mag 5, 2018

In Monday, January 8 report Canaccord Genuity maintained the stock with "Buy" rating. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Jefferies Group also issued estimates for Encana's Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.79 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $0.95 EPS, Q1 2020 earnings at $0.37 EPS and FY2020 earnings at $1.60 EPS.

ECA has been the topic of a number of recent research reports. The stock of Encana Corporation (NYSE:ECA) earned "Equal-Weight" rating by Barclays Capital on Wednesday, January 6. The firm has "Buy" rating by BMO Capital Markets given on Monday, March 12.

Encana Corporation (ECA) remained successful in beating the consensus-estimated $0.13 as it actually earned $0.16 per share in its last reported financial results. ValuEngine upgraded shares of Encana from a "sell" rating to a "hold" rating in a research report on Thursday, April 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of "Buy" and a consensus target price of $15.28. First Solar, Inc.'s beta is 1.85 whilst the stock has an average true range (ATR) of 3.21. (NYSE:GIS) has "Hold" rating given on Monday, October 23 by RBC Capital Markets.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 26 have Buy rating, 1 Sell and 1 Hold. The company's outstanding shares are 1 Billion. ROE reveals what percentage of each investment dollar is returned as a profit. Jennison Associates Llc bought 595,669 shares as the company's stock declined 7.44% with the market. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued. The low EPS estimate is $0.04, while the high EPS estimate is $0.21.

The Earnings to Price yield of Encana Corporation TSX:ECA is 0.068364. The ex-dividend date of this dividend is Thursday, June 14th. Encana's dividend payout ratio is presently 13.95%. About 6.04M shares traded or 8.81% up from the average. Following the completion of the acquisition, the director now owns 10,600 shares of the company's stock, valued at $112,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Sanford C. Bernstein increased their target price on Encana from C$19.89 to C$19.98 in a research report on Friday, February 16th. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal. The disclosure for this purchase can be found here. Following the purchase, the director now owns 25,104 shares of the company's stock, valued at approximately $264,345.12.

The company is expected to report earnings of $0.13 a share for the next quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its stake in shares of Encana by 111.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,908,977 shares of the oil and gas company's stock valued at $46,048,000 after purchasing an additional 711,636 shares during the last quarter. On Thursday, November 9 the company was maintained by GMP Securities. LLC purchased a new position in shares of Encana in the 4th quarter valued at about $143,000. Atria Investments LLC boosted its stake in shares of Encana by 26.9% in the 1st quarter. In the last three months, insiders have purchased 24,500 shares of company stock worth $267,185.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The firm 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.The P/E ratio is 15.05.

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