Encana Corp. (ECA) Downgraded by Vetr Inc. to “Sell”
Several other research analysts have also weighed in on ECA. Zacks Investment Research lowered shares of Encana Corp. from a buy rating to a hold rating in a research report on Wednesday, July 13th. AltaCorp Capital upgraded shares of Encana Corp. from an underperform rating to a sector perform rating in a research report on Thursday, October 6th. BMO Capital Markets restated a buy rating on shares of Encana Corp. in a research report on Wednesday, June 22nd. Scotia Howard Weill lowered shares of Encana Corp. from a sector perform rating to an underperform rating in a research report on Tuesday, September 20th. Finally, Credit Suisse Group AG assumed coverage on shares of Encana Corp. in a research report on Thursday, October 6th. They set an outperform rating and a $14.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $11.81.
Shares of Encana Corp. (NYSE:ECA) opened at 11.12 on Tuesday. The firm’s market capitalization is $9.45 billion. Encana Corp. has a 52-week low of $3.00 and a 52-week high of $11.36. The stock’s 50 day moving average price is $10.13 and its 200-day moving average price is $8.40.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.54%. Encana Corp.’s dividend payout ratio is currently -1.79%.
Several institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its position in shares of Encana Corp. by 5.2% in the second quarter. Swiss National Bank now owns 4,808,100 shares of the company’s stock valued at $37,219,000 after buying an additional 238,500 shares in the last quarter. First Manhattan Co. boosted its position in shares of Encana Corp. by 43.5% in the second quarter. First Manhattan Co. now owns 104,320 shares of the company’s stock valued at $812,000 after buying an additional 31,602 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Encana Corp. by 8.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,120,040 shares of the company’s stock valued at $12,982,000 after buying an additional 168,638 shares in the last quarter. Seven Bridges Advisors LLC purchased a new position in Encana Corp. during the second quarter valued at $346,000. Finally, Legal & General Group Plc boosted its position in Encana Corp. by 20.8% in the first quarter. Legal & General Group Plc now owns 4,785,739 shares of the company’s stock valued at $29,288,000 after buying an additional 825,553 shares in the last quarter. 57.46% of the stock is owned by institutional investors.
Encana Corp. Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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