Health Care

A Chartists Perspective on Encana Corp

A Chartists Perspective on Encana Corp”

Creative Planning now owns 139,310 shares of the oil and gas company's stock valued at $1,631,000 after buying an additional 91,977 shares during the period.

Several hedge funds have recently modified their holdings of ECA.

The good news is there's still room for Encana Corporation (ECA) to grow. It has outperformed by 33.43% the S&P500.The move comes after 5 months positive chart setup for the $9.09B company. Comerica Bank increased its stake in Encana Corporation by 22.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 144,599 shares of the oil and gas company's stock worth $1,272,000 after buying an additional 6,915 shares during the last quarter. Creative Planning increased its stake in shares of Encana Corporation by 194.3% in the first quarter. Eqis Capital Management Inc. now owns 44,978 shares of the oil and gas company's stock worth $396,000 after buying an additional 7,291 shares in the last quarter. Steadfast Capital Management LP now owns 19,974,573 shares of the oil and gas company's stock valued at $233,902,000 after buying an additional 2,164,300 shares during the period. Finally, Point72 Asia Singapore Pte. Causeway Capital Management LLC raised its position in Encana Corporation by 95.2% in the first quarter. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period.

Encana Corp (NYSE:ECA) shows a Forward Annual Dividend Rate of $0.06 and Trailing Annual Dividend Yield of 0.63% according to MorningStar Inc. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. Encana Corporation has a 52-week low of $7.45 and a 52-week high of $13.85.

The Stock traded with an actual day volume of 9.34 Million and average volume of 11.9 Million respectively.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -15.81% and has no so good Year to Date (YTD) Performance of -20.27% which means the stock is constantly adding to its value from previous fiscal year end price.

BidaskClub upgraded shares of Encana Corporation (NYSE:ECA) (TSE:ECA) from a strong sell rating to a sell rating in a report released on Wednesday morning.

Analysts are also projecting an Average Revenue Estimate for Encana Corporation as $797410 in the Current Quarter. The Return on Investment (ROI) ratio of Encana Corporation (ECA) is -9.6 percent. During the same period in the previous year, the business earned ($0.15) EPS.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. The rating was maintained by BMO Capital Markets with "Buy" on Thursday, June 15. The ex-dividend date of this dividend was Tuesday, June 13th.

Encana Corporation (ECA)'s ROE is -2.23%, while industry's is 3.83%.

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The company has mean EPS estimate of 0.11 reported by 11 number of analyst for the quarter ending Current Qtr.(Jun2017). Barclays PLC reiterated an overweight rating and issued a $12.00 price target (down from $15.00) on shares of Encana Corporation in a research note on Saturday, April 22nd.

03/23/2017 - Encana Corporation was upgraded to " by analysts at UBS. Desjardins reaffirmed a "hold" rating and set a $13.75 price objective on shares of Encana Corporation in a research note on Thursday, March 30th.

Among 9 analysts covering Baytex Energy Trust (NYSE:BTE), 1 have Buy rating, 1 Sell and 7 Hold. The company presently has an average rating of Buy and an average target price of $13.51.

Therefore, the majority, or ~57%, of Encana's revenue came from crude oil, natural gas, and natural gas liquid sales.

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