Encana Corp. (NYSE:ECA) shares were up 7% during mid-day trading on Tuesday . The stock traded as high as $8.17 and last traded at $8.15, with a volume of 11,920,990 shares. The stock had previously closed at $7.62.

Several research analysts have issued reports on ECA shares. BMO Capital Markets upgraded Encana Corp. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $6.00 to $7.50 in a research report on Monday, April 11th. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on Encana Corp. from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, April 7th. Barclays PLC cut their price objective on Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Encana Corp. in a research report on Friday, May 20th. Finally, Deutsche Bank AG increased their price objective on Encana Corp. from $6.00 to $8.00 in a research report on Wednesday, March 23rd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Encana Corp. has a consensus rating of “Hold” and an average price target of $8.59.

The company’s market cap is $6.64 billion. The company’s 50 day moving average price is $7.98 and its 200-day moving average price is $6.07.

Encana Corp. (NYSE:ECA) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.03. During the same period in the prior year, the company earned $0.01 earnings per share. On average, equities research analysts expect that Encana Corp. will post ($0.30) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Monday, June 13th.

Several large investors recently made changes to their positions in the company. Caymus Capital Partners L.P. raised its stake in shares of Encana Corp. by 43.0% in the fourth quarter. Caymus Capital Partners L.P. now owns 4,003,400 shares of the company’s stock worth $20,377,000 after buying an additional 1,203,300 shares during the period. Engineers Gate Manager LP raised its stake in shares of Encana Corp. by 3,243.4% in the fourth quarter. Engineers Gate Manager LP now owns 621,866 shares of the company’s stock worth $3,165,000 after buying an additional 603,266 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Encana Corp. by 67.8% in the fourth quarter. State of Wisconsin Investment Board now owns 731,847 shares of the company’s stock worth $3,704,000 after buying an additional 295,700 shares during the period. Letko Brosseau & Associates Inc. raised its stake in shares of Encana Corp. by 2.8% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 17,625,001 shares of the company’s stock worth $89,526,000 after buying an additional 472,760 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Encana Corp. by 0.8% in the fourth quarter. First Trust Advisors LP now owns 863,956 shares of the company’s stock worth $4,398,000 after buying an additional 7,128 shares during the period.

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.

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