Encana Corp. (NYSE:ECA) was down 5% on Monday . The stock traded as low as $7.64 and last traded at $7.65, with a volume of 3,401,064 shares. The stock had previously closed at $8.05.

Several equities research analysts have weighed in on ECA shares. Jefferies Group restated a “buy” rating and set a $12.00 price target (up previously from $11.00) on shares of Encana Corp. in a report on Thursday, May 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $8.00 price objective on shares of Encana Corp. in a report on Thursday, May 19th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Encana Corp. in a report on Friday, May 20th. BMO Capital Markets reiterated a “buy” rating on shares of Encana Corp. in a report on Wednesday, June 22nd. Finally, Barclays PLC dropped their price objective on Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Encana Corp. has a consensus rating of “Hold” and a consensus price target of $8.45.

The company’s 50 day moving average is $7.91 and its 200-day moving average is $6.36. The firm’s market capitalization is $6.47 billion.

Encana Corp. (NYSE:ECA) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.19. During the same period last year, the firm posted ($0.20) earnings per share. Equities analysts anticipate that Encana Corp. will post ($0.17) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, September 13th.

Several hedge funds and institutional investors have added to or reduced their stakes in ECA. 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 period. Trexquant Investment LP acquired a new position in Encana Corp. during the fourth quarter valued at approximately $1,602,000. State of Wisconsin Investment Board boosted its position in 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 period. First Trust Advisors LP boosted its position in 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 period. Finally, 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 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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