Shares of Encana Corp. (NYSE:ECA) saw unusually-high trading volume on Wednesday . Approximately 11,076,869 shares were traded during trading, an increase of 4% from the previous session’s volume of 10,671,357 shares.The stock last traded at $7.95 and had previously closed at $7.75.

ECA has been the topic of several recent analyst reports. Zacks Investment Research downgraded Encana Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Jefferies Group reissued a “buy” rating and set a $12.00 target price (up previously from $11.00) on shares of Encana Corp. in a research note on Thursday, May 19th. Deutsche Bank AG lifted their target price on Encana Corp. from $6.00 to $8.00 in a research note on Wednesday, March 23rd. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Encana Corp. in a research note on Friday, May 20th. Finally, Macquarie cut Encana Corp. from a “neutral” rating to an “underperform” rating in a report on Thursday, June 23rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.66.

The firm’s market capitalization is $6.77 billion. The stock has a 50 day moving average price of $8.00 and a 200 day moving average price of $6.17.

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

The business 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, June 13th.

Several hedge funds recently made changes to their positions in ECA. State of Wisconsin Investment Board boosted 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 valued at $3,704,000 after buying an additional 295,700 shares during the last quarter. First Trust Advisors LP boosted 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 valued at $4,398,000 after buying an additional 7,128 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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. Quantitative Investment Management LLC boosted its stake in shares of 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. Finally, Trexquant Investment LP bought a new stake in shares of Encana Corp. during the fourth quarter valued at about $1,602,000.

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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