Encana Corp. (NYSE:ECA) shares were up 1.8% on Tuesday . The company traded as high as $7.96 and last traded at $7.75, with a volume of 9,174,869 shares traded. The stock had previously closed at $7.61.

A number of research analysts have recently weighed in on ECA shares. Jefferies Group reissued a “buy” rating and set a $12.00 price objective (up from $11.00) on shares of Encana Corp. in a research note on Thursday, May 19th. Deutsche Bank AG reissued a “buy” rating and set a $8.00 price objective on shares of Encana Corp. in a research note on Thursday, May 19th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Encana Corp. in a research note on Friday, May 20th. BMO Capital Markets reissued a “buy” rating on shares of Encana Corp. in a research note on Wednesday, June 22nd. Finally, Barclays PLC dropped their price objective on shares of Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 1st. Three equities 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 company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.45.

The company’s market cap is $6.64 billion. The firm’s 50-day moving average price is $7.90 and its 200 day moving average price is $6.39.

Encana Corp. (NYSE:ECA) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.19. During the same quarter last year, the business earned ($0.20) earnings per share. Equities research analysts expect that Encana Corp. will post ($0.14) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be 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 of this dividend is Tuesday, September 13th.

Several hedge funds recently modified their holdings of the company. Gulf International Bank UK Ltd raised its stake in shares of Encana Corp. by 1.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 264,867 shares of the company’s stock worth $1,347,000 after buying an additional 3,000 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Encana Corp. during the fourth quarter worth $1,602,000. 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 in the last quarter. 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 in the last quarter. Finally, Wells Fargo & Company MN raised 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 worth $9,572,000 after buying an additional 882,374 shares in 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.

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