Economy

Target Price Updates on Encana Corporation (NYSE:ECA), Reata Pharmaceuticals, Inc. (:RETA)

Meyer Robert Joseph JR also sold $5.13 million worth of American Tower Corp (NYSE:AMT) on Friday, April 28. Wetherby Asset Management Inc. raised its stake in shares of Encana Corporation by 2.1% during the second quarter. BlueCrest Capital Management Ltd increased its stake in Encana Corporation by 600.0% during the 1st quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company's stock worth $114,000 after acquiring an additional 666 shares in the last quarter. It also reduced its holding in Bonanza Creek Energy Inc (NYSE:BCEI) by 2.41 million shares in the quarter, leaving it with 123 shares, and cut its stake in Qep Resources Inc (NYSE:QEP). The firm owned 1,188,957 shares of the oil and gas company's stock after acquiring an additional 162,543 shares during the period. Finally, Vanguard Group Inc. increased its stake in Encana Corporation by 4.6% during the 1st quarter. FMR LLC grew its position in Encana Corporation by 6.3% in the first quarter. FMR LLC now owns 22,080,449 shares of the oil and gas company's stock valued at $258,686,000 after acquiring an additional 1,309,218 shares during the last quarter. FMR LLC lifted its stake in Encana Corporation by 6.3% in the first quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company's stock worth $212,000 after acquiring an additional 497 shares in the last quarter. The institutional investor held 250,833 shares of the technology company at the end of 2016Q4, valued at $7.94M, up from 240,598 at the end of the previous reported quarter.

TRADEMARK VIOLATION WARNING: "Investment Centers of America Inc". The legal version of this article can be viewed at https://baseballnewssource.com/markets/encana-corporation-eca-upgraded-to-outperform-by-sanford-c-bernstein/1647046.html.

Covering sell-side analysts have recently weighed in on shares of Encana Corporation (NYSE:ECA). Analysts reported that the Price Target for Encana Corporation might touch $18 high while the Average Price Target and Low price Target is $12.21 and $9 respectively. Sanford C. Bernstein upgraded Encana Corporation from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $10.00 to $14.00 in a research note on Friday, September 15th. Canaccord Genuity set a $12.00 price target on Encana Corporation and gave the company a "buy" rating in a research report on Thursday, August 17th. The stock has "Buy" rating by on Monday, October 10. Scientific Games Corporation has 1 buy ratings, 5 holds and 0 sells even after the stock climbed 7.13% from its high of $42.1 to a $3.7 billion market value through last close. RBC Capital Markets has "Outperform" rating and $13 target.

Encana Corporation (NYSE ECA) traded up 0.84% during trading on Tuesday, reaching $10.76. The company's P/E (price to earnings) ratio is 12.36 and Forward P/E ratio of 16.05.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $10.41B. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85. The stock spiked 17.77% last month and is down -9.11 this year. They expect $0.07 EPS, up 75.00% or $0.03 from last year's $0.04 per share. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $773.19 million. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. On average, equities analysts predict that Encana Corporation will post $0.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.015 dividend. The ex-dividend date is Thursday the 14th of September 2017. That represents a quarterly year/year change in revenues of 0.43 in sequential terms, the ECA saw sales decline by 0.01. American Tower Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel.



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