Economy

Burning Stock on the move: Encana Corporation (ECA)

Encana Corporation (NYSE:ECA) shares have moved -1.18% on the week. These ratios are important while doing valuation of the company or the shares of the company. The company's previous year sales total was 979000. Finally, BidaskClub raised shares of Encana Corporation from a "strong sell" rating to a "sell" rating in a research note on Wednesday, July 12th. 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. Candriam Luxembourg S.C.A. boosted its position in shares of Encana Corporation by 23.7% in the first quarter. This company shares are 376.19% off its target price of $1 and the current market capitalization stands at $7.41M. BlackRock Inc. now owns 21,896,113 shares of the oil and gas company's stock worth $256,403,000 after buying an additional 21,702,894 shares during the period. World Asset Management Inc now owns 58,661 shares of the oil and gas company's stock worth $687,000 after buying an additional 2,250 shares during the last quarter.

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Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canaccord Genuity set a $14.00 price target on Encana Corporation and gave the stock a "buy" rating in a report on Tuesday, June 20th. The current consensus recommendation provided by covering analysts is 2.30.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -12.27%, and has a poor year to date (YTD) performance of -18.31% which means the stock is constantly subtracting to its value from the previous fiscal year end price. UBS AG upgraded Encana Corporation from an "outperform" rating to a "strong-buy" rating in a report on Wednesday, July 5th. Two financial stock experts recommended the company shares with a sell recommendation, around seven has issued a hold recommendation, sixteen have issued a buy recommendation and four have issued a strong buy recommendation to the share. (NYSE:SQ). At the time of writing, the First Call consensus price target for the company is $27.68.

Shares of Encana Corporation (NYSE ECA) opened at 9.29 on Friday. The company's stock had a trading volume of 4,026,672 shares. The firm has a 50-day moving average of $9.56 and a 200 day moving average of $10.27. These analysts have also projected a Low Estimate of $-0.03/share and a High Estimate of $0.23/share.

Equities research analysts expect that Encana Corporation (NYSE:ECA) (TSE:ECA) will post $0.07 earnings per share (EPS) for the current quarter, according to Zacks.

The target price for Encana Corporation (ECA) is $12.98/share according to the consensus of analysts working on the stock, with an expected EPS of $0.07/share for the current quarter. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. However a year ago for the same quarter the company has reported $0.04 EPS. Raymond James Financial Services Advisors has an ownership of 107,286 stocks of the oil and gas firms shares valued $944,000 after scooping up an extra 7,358 shares through out the previous quarter, Steadfast Capital Management increased its position in stocks of Encana Corporation by 5.0% through out the 2nd period.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors with a record date on early Fri, Sep 15th will get a dividend of $0.015 for a share. This represents a $0.06 annualized dividend and a dividend yield of 0.63%. Encana Corporation's payout ratio is now 6.98%. All of its reserves and production are located in North America.



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