Shares of Encana Corporation (ECA) touched the day high at $9.63 while its day Low was at $9.205.
Fmr LLC raised its stake in Encana Corporation (NYSE:ECA) (TSE:ECA) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. BMO Capital Markets set a $13.00 price target on Encana Corporation and gave the company a "buy" rating in a report on Thursday.
When it comes to the Analysis of a Stock, Price Target plays a vital role. The firm presently has a "buy" rating on the oil and gas company's stock. The recommendations with "strong buy", "sell", and "strong sell" ratings have remained unchanged. About 50,261 shares traded.
Encana Corporation (ECA) traded with the volume of 15.95 Million shares while its average 3 months volume is at 11210 shares. The firm has a 50 day moving average price of $10.47 and a 200-day moving average price of $11.60. Encana Corporation has $16 highest and $5.50 lowest target. The Market Capitalization of the company stands at 9.18 Billion. Scotiabank restated an "underperform" rating and issued a C$12.00 target price on shares of Encana Corp in a report on Friday, February 17th. J P Morgan Chase & Co began coverage on Encana Corporation in a research note on Wednesday, February 15th. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. Equities research analysts expect that Encana Corporation will post $0.39 EPS for the current year.
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Oil bounces but stuck near 2017 lows on supply overhang
Looking at anticipated growth in global oil demand this year, OPEC reiterated its forecast of 1.27 million barrels per day (bpd). This followed a plunge in NY futures the previous day, with West Texas Intermediate ending the session under the $45 mark.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. The company was downgraded on Thursday, June 23 by Macquarie Research. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.65%. As per Monday, July 27, the company rating was maintained by RBC Capital Markets. Eqis Capital Management Inc. boosted its stake in shares of Encana Corporation by 44.7% in the first quarter. The company was upgraded on Wednesday, January 11 by Societe Generale. Fiera Capital Corp raised its position in Encana Corporation by 14.1% in the fourth quarter. Hansberger Growth Investors Lp who had been investing in Toyota Motor Corp Adr for a number of months, seems to be less bullish one the $170.70 billion market cap company. JVL Advisors L.L.C. now owns 3,314,371 shares of the oil and gas company's stock valued at $38,911,000 after buying an additional 2,543,071 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Encana Corporation during the fourth quarter valued at approximately $245,230,000.
The stock subtracted in the prior trading session by -4.32%, closing at the stock price of $9.3. First Allied Advisory Services Inc. now owns 12,359 shares of the oil and gas company's stock valued at $145,000 after buying an additional 2,227 shares during the period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company.
Encana Corporation (ECA) belongs to the "Basic Materials" sector with an industry focus on "Major Integrated Oil & Gas", with Mr. Douglas James Suttles as Chief Exec. Officer, Pres and Director.
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