Should You Buy Encana Corporation (NYSE:ECA) On Current Analyst Views?

A total of 22.62M shares exchanged hands, whereas the company's average trading volume stands at 11.68M shares.

Large investors have recently modified their holdings of the stock. The oil and gas company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Nexus Investment Management Inc. increased its stake in shares of Encana Corp by 2.6% in the first quarter. Gulf International Bank UK Ltd increased its stake in shares of Encana Corp by 5.0% in the first quarter. The volatility in the previous week has experienced by 3.53% and observed of 3.71% in the previous month.67.20% ownership is held by institutional investors. Corporate insiders own 0.26% of the company's stock.

03/23/2017 - Encana Corporation was upgraded to " by analysts at UBS.

Encana Corporation (ECA) has a market capitalization of 10.51 Billion. Encana Corp (NYSE:ECA) shares were trading -21.62% below from the 52-week high mark of $13.83 and 85.14% above from the 52-week bottom of $5.86. The firm has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.68.

Encana Corp (NYSE:ECA) (TSE:ECA)'s stock had its "overweight" rating reissued by research analysts at Barclays PLC in a report issued on Saturday. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Encana Corp had a positive return on equity of 1.79% and a negative net margin of 40.77%. The high and low revenue estimates for the current quarter are $865.95 Million and $718 Million, respectively. The difference between Actual EPS and Estimated EPS was 0.06 Percent.

Many analysts are providing their Estimated Earnings analysis for Bank of America Corporation and for the current quarter 27 analysts have projected that the stock could give an Average Earnings estimate of $0.47/share.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, March 13th. Encana Corp's dividend payout ratio is presently -3.97%. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of worldwide trademark and copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/04/26/foundation-resource-management-inc-sells-65642-shares-of-encana-corp-eca-updated.html.

ECA has been the subject of a number of other research reports. The stock's price fluctuated within the range of $10.56 - $10.86 during previous trading session. Zacks Investment Research raised Encana Corp from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Wednesday, February 15th. They now have a C$15.00 target price on the stock. Macquarie raised shares of Encana Corp from a "neutral" rating to an "outperform" rating in a report on Tuesday, January 24th.

Encana Corporation (ECA) is now showing its ROA (Return on Assets) of -6.4%. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Also, Director Clayton Woitas bought 12,500 shares of the company's stock in a transaction on Friday, March 10th. The shares were purchased at an average cost of C$14.67 per share, with a total value of C$49,878.00.

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 has been one of the biggest innovators in "Major Integrated Oil & Gas" employing approximately 2200 full time employees.