Economy

Encana Corporation (NYSE:ECA) Stock Closed 14.0% Above Its 50 Day Average

Other large investors have also recently modified their holdings of the company. Encana Corporation (NYSE:ECA) has a 20-Day average volume of 13.94 Million.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.74%, and has a solid year to date (YTD) performance of -1.02% which means that the stock is constantly adding to its value from the previous fiscal year end price. Bluecrest Capital Management Ltd divested its investment by shedding 41,619 shares a decrease of 3.8% in the quarter. Hillsdale Investment Management Inc sold 59,500 shares as the company's stock declined 8.34% while stock markets rallied. Share performance for the month is now at -6.66%. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Encana Corporation during the 2nd quarter worth $118,000. 2 analysts gave its stock an Outperform rating.

TRADEMARK VIOLATION WARNING: This piece was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright laws. The legal version of this piece of content can be accessed at https://weekherald.com/2017/10/06/encana-corporation-eca-holdings-raised-by-jpmorgan-chase-co.html. Altacorp maintained the shares of ECA in report on Friday, June 9 with "Hold" rating. The stock of Encana Corp (USA) (NYSE:ECA) has "Buy" rating given on Friday, September 29 by GMP Securities. Parkwood LLC grew its position by buying 50,376 shares an increase of 15.4% in the quarter. Macquarie upgraded Encana Corporation from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $10.00 to $14.50 in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company. Encana Corporation presently has an average rating of "Buy" and an average target price of $13.52.

The stock decreased 1.29% or $0.15 during the last trading session, reaching $11.47.

The company is down since yesterday's close of 11.47. Encana Corporation has a 1-year low of $8.01 and a 1-year high of $13.85. The stock has a market cap of $11.16 billion, a PE ratio of 13.67 and a beta of 2.12. The company's 50-day moving average price is $10.14 and its 200-day moving average price is $10.17.

Encana Corporation (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings data on Friday, July 21st. As of the latest earnings report the EPS was $0.84 and is estimated to be $0.51 for the current year with 973,095,000 shares now outstanding. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. For the current quarter Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR) has high EPS estimates of $0.29 in contradiction of low EPS estimates of $0.04. While in the same Quarter Previous year, the Actual EPS was $0.04. On average, analysts expect that Encana Corporation will post $0.51 earnings per share for the current year. Additionally Encana Corporation declared a dividend for shareholders which was paid on Friday September 29th, 2017. The ex-dividend date of this dividend was Thursday, September 14th. This dividend amount was represent a yield of $0.52. Encana Corporation's payout ratio is 6.98%.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company's activities also include the marketing of natural gas, oil and NGLs.



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