Shares of Encana Corp. (NYSE:ECA) were down 2.3% during trading on Tuesday . The stock traded as low as $9.72 and last traded at $9.72, with a volume of 3,612,356 shares traded. The stock had previously closed at $9.95.

Several analysts have commented on ECA shares. Jefferies Group reaffirmed a “buy” rating and issued a $11.00 price objective (up previously from $8.00) on shares of Encana Corp. in a research report on Wednesday, May 4th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Encana Corp. in a research report on Friday, May 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Encana Corp. in a research report on Thursday, May 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of Encana Corp. in a research report on Wednesday, June 22nd. Finally, Barclays PLC lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.56.

The company’s market capitalization is $8.28 billion. The company has a 50-day moving average price of $8.74 and a 200-day moving average price of $7.17.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, September 13th.

An institutional investor recently raised its position in Encana Corp. stock. Morgan Stanley raised its stake in Encana Corp. (NYSE:ECA) by 23.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,944,743 shares of the company’s stock after buying an additional 552,204 shares during the period. Morgan Stanley owned approximately 0.35% of Encana Corp. worth $14,990,000 at the end of the most recent 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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