Economy

What's Happening To These Stocks? - Encana Corporation (ECA), SunPower Corporation (SPWR)

Encana Corporation (NYSE:ECA) (TSE:ECA) last issued its quarterly earnings data on Friday, July 21st. The fund owned 67,435 shares of the oil and gas company's stock after selling 198,415 shares during the quarter.

Investors are feeling more bullish recently as inferred by the change in short interest. Atria Investments LLC purchased a new stake in shares of Encana Corporation in the second quarter worth approximately $113,000. The value of the investment in (ECA) increased from $63,000 to $149,000 a change of 136.5% for the reporting period. Equity Investment Corp Acquisition Inc increased its position in shares of Encana Corporation by 5.4% during the second quarter. During the last month, the stock has changed -1.46% and performed -15.42% over the last 6 months.

A number of analysts recently commented on ECA shares. Barclays PLC reissued an overweight rating and issued a $8.00 price objective on shares of Encana Corporation in a research note on Saturday, July 22nd.

Encana Corporation (NYSE:ECA) displayed a change of 1.59% after which it closed the day' session at $12.45.

On September 28 the company was rated "Outperform" in a report from Macquarie which is up from the previous "Neutral" rating. The firm has "Underperform" rating given on Thursday, February 25 by IBC.

Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Encana Corporation has an average rating of Buy and an average price target of $13.64. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & global trademark & copyright legislation. Stock's intraday price range hit the peak level of $35.49 and touched the lowest level of $33.25 besides its fifty two weeks range was $16.73- $46.69.

What Historical Figures Say About Encana Corporation (NYSE: ECA)? ECA's latest closing price was 10.20% away from the average price of 200 days while it maintained a distance of 14.89% from the 50 Day Moving Average and 3.30% away compared to its SMA 20. The stock's market capitalization is 11.54B, it has a 52-week low of 8.01 and a 52-week high of 13.85. According to these analysts, the Low Revenue Estimate for Encana Corporation is 745.32 Million and the High Revenue Estimate is 914 Million.

Following trading activity for Encana Corporation (NYSE:ECA), we can see that the stock has moved onto today's list of most actives. They expect $0.07 EPS, up 75.00% or $0.03 from last year's $0.04 per share. However it has a net margin of 19.10%.

Analysts believe that the company has the potential to earn average revenue of $835.51 Million for the current quarter. On average, analysts forecast that Encana Corporation will post $0.50 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday the 14th of September 2017. Encana Corporation's dividend payout ratio (DPR) is now 6.98%.

EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. The Company's operations also include the marketing of natural gas, oil and NGLs.



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