Zacks Investment Research Upgrades Encana Corporation (ECA) to Buy

The company now has an average volume of 12.51 Million. The Firm provides natural gas distribution services.

If we look at the Volatility of the company, Week Volatility is 2.83%, whereas Month Volatility is at 2.63%. GMP Securities maintained it with "Buy" rating and $10.5000 target in Wednesday, June 28 report. October 19 investment analysts at Citigroup maintained a stock rating of "Buy" but raised the price expectation from $13.00 to $14.00. Three analysts have provided estimates for Encana Corporation's earnings. The hedge fund held 5.66 million shares of the oil & gas production company at the end of 2017Q2, valued at $49.78M, up from 5.05M at the end of the previous reported quarter. Finally, TD Securities boosted their price target on shares of Encana Corporation from $11.50 to $12.50 and gave the stock a "buy" rating in a report on Monday, July 24th. Zacks Investment Research's earnings per share calculations are an average based on a survey of sell-side analysts that cover Encana Corporation.

October 13 investment analysts at Morgan Stanley left the stock rating at "Equal-Weight" but moved up the price target from $5.50 to $14.00.

Encana Corporation (NYSE ECA) traded down 1.78% during trading on Tuesday, reaching $11.58. This trading sentiment put the stock on Active spotlight. Encana Corporation has a 12 month low of $8.01 and a 12 month high of $13.85. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 0.21% and standing 11.37% away from 50-Day Simple Moving Average while traded up 7.23% from 200-Day Simple Moving Average.

The company is trading down since yesterday's close of 11.41.

The stock of Encana Corporation (NYSE:ECA) registered an increase of 19.83% in short interest. The highest EPS estimate is $0.06 and the lowest is $0.02. Analysts expect next quarter's EPS to be $0.12 with next year's EPS projected to be $0.69. However a year ago for the same quarter the company has reported $0.04 EPS.

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The following firms have recently changed their position in ECA. Vanguard Group Inc. now owns 22,637,700 shares of the oil and gas company's stock valued at $265,086,000 after purchasing an additional 994,074 shares during the last quarter. 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. Eqis Capital Management Inc sold 4,672 shares as Novartis A G (NVS)'s stock rose 4.17%. Steadfast Capital Management LP lifted its position in shares of Encana Corporation by 12.2% during the 1st quarter. The Eqis Capital Management Inc holds 17,301 shares with $1.44 million value, down from 21,973 last quarter. 31, 2017. The company's shares were assimilated at $9.79 per share worth to an investment of some $9,790 on account of Suttles Douglas James. The institutional investor owned 6,825,784 shares of the oil and gas company's stock after selling 385,859 shares during the period.

Encana Corporation, launched on January 1, 2006, is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays.

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