Analysts Insights on Encana Corp (ECA)

Encana Corporation (ECA) now has a Return on Assets (ROA) value of 5.4 Percent. Eqis Capital Management Inc. now owns 37,687 shares of the oil and gas company’s stock worth $441,000 after buying an additional 11,642 shares during the last quarter. DekaBank Deutsche Girozentrale’s holdings in Encana Corporation were worth $123,000 at the end of the most recent quarter. The institutional investor purchased 45,000 shares of the oil and gas company’s stock, valued at approximately $396,000. The market capitalization of the company is at $9.33 Billion.

The company reported an impressive total revenue of 2.92 Billion in the last fiscal year. Vanguard Group Inc. now owns 22,637,700 shares of the oil and gas company’s stock worth $265,086,000 after purchasing an additional 994,074 shares during the period. FMR LLC increased its position in Encana Corporation by 6.3% in the first quarter. About 7.82M shares traded. Van ECK Associates Corp now owns 154,065 shares of the oil and gas company’s stock worth $1,804,000 after purchasing an additional 675 shares during the period. Noting its average daily volume at 1.88 million shares each day over the month, this signifies a pretty significant change over the norm. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 124 shares during the period.

COPYRIGHT VIOLATION WARNING: “DekaBank Deutsche Girozentrale Has $123,000 Stake in Encana Corporation (ECA)” was first published by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another site, it was illegally copied and reposted in violation of USA and global copyright legislation. The legal version of this report can be accessed at https://weekherald.com/2017/09/07/encana-corporation-eca-position-boosted-by-dekabank-deutsche-girozentrale.html. The stock of Encana Corp (USA) (NYSE:ECA) has “Buy” rating given on Thursday, March 23 by UBS. The current consensus recommendation provided by covering analysts is 2.30. Citigroup Inc. lowered their target price on shares of Encana Corporation from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Desjardins Securities maintained the shares of ECA in report on Monday, June 5 with “Hold” rating. The rating was upgraded by Macquarie Research to “Neutral” on Thursday, October 6. Encana Corporation was covered by a number of analysts recently, 7 rated the stock as Buy, 11 rated Outperform, 7 rated Hold, 2 gave an Underperform and 0 rated sell. (NYSE:SQ). At the time of writing, the First Call consensus price target for the company is $27.68.

Encana Corporation (ECA) closed its previous trading session at $9.59 with the gain of 0.84%. The company has a 50-day moving average price of $9.50 and a 200 day moving average price of $10.41. The relative volume of the stock is 0.75, while its market cap is $9.08 Billion. Looking out over the past year, company shares have been recorded -4.93% off the 52 week high and 144.39% away from the low over the same period. The oil and gas company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.15. Average estimation for the current quarter has been provided by 17 analysts. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The difference between the expected and actual EPS was $0.15/share, which represents an Earnings surprise of 500%. Jefferies Group also issued estimates for Encana Corporation’s Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.76 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th.

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