Encana Corp. (NYSE:ECA) received a $11.00 price target from equities research analysts at Morgan Stanley in a report released on Tuesday. The firm presently has a a “hold” rating on the stock. Morgan Stanley’s price target points to a potential upside of 17.65% from the stock’s current price.

A number of other research firms also recently commented on ECA. Zacks Investment Research downgraded Encana Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $10.00 price objective on shares of Encana Corp. in a report on Friday, July 22nd. Jefferies Group restated a “buy” rating and issued a $12.00 price objective on shares of Encana Corp. in a report on Thursday, June 23rd. Scotia Howard Weill downgraded Encana Corp. from a “sector perform” rating to an “underperform” rating in a report on Tuesday. Finally, AltaCorp Capital downgraded Encana Corp. from a “sector perform” rating to an “underperform” rating in a report on Friday, July 22nd. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.71.

Analyst Recommendations for Encana Corp. (NYSE:ECA)

Encana Corp. (NYSE:ECA) opened at 9.35 on Tuesday. The firm’s market capitalization is $7.95 billion. The stock’s 50 day moving average is $9.57 and its 200-day moving average is $7.78. Encana Corp. has a 52-week low of $3.00 and a 52-week high of $10.75.

Encana Corp. (NYSE:ECA) last issued its earnings results on Thursday, July 21st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.19. Encana Corp. had a positive return on equity of 0.79% and a negative net margin of 81.73%. During the same period in the prior year, the business posted ($0.20) EPS. Equities analysts expect that Encana Corp. will post ($0.10) earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 13th. This represents a $0.06 annualized dividend and a yield of 0.64%. Encana Corp.’s dividend payout ratio is currently -1.79%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECA. BB&T Securities LLC raised its position in Encana Corp. by 22.6% in the first quarter. BB&T Securities LLC now owns 17,754 shares of the company’s stock valued at $108,000 after buying an additional 3,270 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Encana Corp. by 39.6% in the first quarter. Loomis Sayles & Co. L P now owns 21,274 shares of the company’s stock valued at $130,000 after buying an additional 6,036 shares in the last quarter. Carnick & Kubik Group LLC bought a new position in Encana Corp. during the second quarter valued at about $154,000. Stevens Capital Management LP bought a new position in Encana Corp. during the second quarter valued at about $165,000. Finally, Advisor Group Inc. bought a new position in Encana Corp. during the second quarter valued at about $182,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.

About Encana Corp.

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.

5 Day Chart for NYSE:ECA

Receive News & Ratings for Encana Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp. and related companies with MarketBeat.com's FREE daily email newsletter.