Encana Corp. (NYSE:ECA)’s share price fell 3.5% during trading on Thursday . The company traded as low as $7.34 and last traded at $7.39, with a volume of 10,424,848 shares trading hands. The stock had previously closed at $7.66.

A number of research firms have recently commented on ECA. Barclays PLC dropped their price target on shares of Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Encana Corp. in a research report on Saturday, March 12th. Jefferies Group reaffirmed a “buy” rating and set a $11.00 target price (up previously from $8.00) on shares of Encana Corp. in a research report on Wednesday, May 4th. BMO Capital Markets reaffirmed a “buy” rating on shares of Encana Corp. in a research report on Wednesday, June 22nd. Finally, FirstEnergy Capital lowered shares of Encana Corp. from a “market perform” rating to an “underperform” rating in a research report on Thursday, March 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.59.

The stock has a 50-day moving average of $7.93 and a 200 day moving average of $5.98. The company’s market cap is $6.31 billion.

Encana Corp. (NYSE:ECA) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.03. During the same quarter last year, the company posted $0.01 earnings per share. Analysts forecast that Encana Corp. will post ($0.30) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, June 13th.

Other large investors have bought and sold shares of the company. Trexquant Investment LP acquired a new stake in Encana Corp. during the fourth quarter worth $1,602,000. Wells Fargo & Company MN boosted its position in Encana Corp. by 88.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,880,440 shares of the company’s stock valued at $9,572,000 after buying an additional 882,374 shares during the last quarter. Morgan Stanley boosted its position in Encana Corp. by 23.1% in the fourth quarter. Morgan Stanley now owns 2,944,743 shares of the company’s stock valued at $14,990,000 after buying an additional 552,204 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Encana Corp. by 1.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 264,867 shares of the company’s stock valued at $1,347,000 after buying an additional 3,000 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its position in Encana Corp. by 1,403.5% in the fourth quarter. Quantitative Investment Management LLC now owns 557,800 shares of the company’s stock valued at $2,839,000 after buying an additional 520,700 shares during the last quarter.

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.