Several brokerages have updated their recommendations and price targets on shares of Encana Corporation (NYSE: ECA) in the last few weeks:

  • 7/27/2017 – Encana Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Buoyed by a slew of positive developments, we are recalibrating our investment thesis on Encana to Hold from Sell. The Canadian energy behemoth – which smashed profit estimates in the Jun quarter on the back of solid production and margins – holds one of the largest natural gas resource portfolios in North America. Additionally, the company's cost cut initiatives and divestiture of high-cost low-profit gas assets will increase its financial flexibility and fund the transition to a more diversified oil and gas firm. Consequently, we would rather wait for a better entry point before accumulating shares. Therefore, notwithstanding the stock's impressive run in the past 12 months, we believe that ECA offers more upside for investors going ahead.”
  • 7/25/2017 – Encana Corporation had its “hold” rating reaffirmed by analysts at Desjardins. They now have a $13.50 price target on the stock.
  • 7/24/2017 – Encana Corporation had its price target raised by analysts at Royal Bank Of Canada from $12.00 to $13.00. They now have an “outperform” rating on the stock.
  • 7/24/2017 – Encana Corporation had its price target raised by analysts at TD Securities from $11.50 to $12.50. They now have a “buy” rating on the stock.
  • 7/24/2017 – Encana Corporation had its price target raised by analysts at Raymond James Financial, Inc. from $14.00 to $15.00. They now have a “strong-buy” rating on the stock.
  • 7/24/2017 – Encana Corporation had its “buy” rating reaffirmed by analysts at KLR Group. They now have a $18.00 price target on the stock, up previously from $16.00.
  • 7/24/2017 – Encana Corporation was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating.
  • 7/22/2017 – Encana Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $8.00 price target on the stock.
  • 7/21/2017 – Encana Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Based on the number of near-term challenges, we are lowering our investment thesis for Encana Corp. to Sell from Hold. With natural gas unable to break through the $3 barrier, the company’s earnings and cash flows are bound to suffer, at least in the near-to-medium term. This is expected to limit its ability to deliver positive earnings surprises. Also, the recent equity offering – despite helping ECA to pay down debt and boost drilling – has significantly diluted existing shareholders' equity. Therefore, ahead of its second-quarter results, we see the company as a risky bet that is best avoided at the moment.”
  • 7/21/2017 – Encana Corporation had its price target lowered by analysts at Citigroup Inc. from $14.00 to $13.00. They now have a “buy” rating on the stock.
  • 7/20/2017 – Encana Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $13.00 price target on the stock, up previously from $12.00.
  • 7/19/2017 – Encana Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/19/2017 – Encana Corporation was given a new $14.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 7/12/2017 – Encana Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/11/2017 – Encana Corporation was given a new $12.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 7/7/2017 – Encana Corporation had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 7/7/2017 – Encana Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $14.00 price target on the stock.
  • 7/6/2017 – Encana Corporation had its “outperform” rating reaffirmed by analysts at National Bank Financial. They now have a $12.00 price target on the stock.
  • 7/5/2017 – Encana Corporation was upgraded by analysts at UBS Group AG from an “outperform” rating to a “strong-buy” rating.
  • 7/5/2017 – Encana Corporation was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating.
  • 7/5/2017 – Encana Corporation was downgraded by analysts at Royal Bank Of Canada to a “hold” rating.
  • 6/30/2017 – Encana Corporation was upgraded by analysts at Scotiabank from an “underperform” rating to a “sector perform” rating. They now have a $11.00 price target on the stock.
  • 6/30/2017 – Encana Corporation was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a $11.50 price target on the stock.
  • 6/27/2017 – Encana Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $12.00 price target on the stock.
  • 6/23/2017 – Encana Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/21/2017 – Encana Corporation was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
  • 6/20/2017 – Encana Corporation was given a new $14.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 6/16/2017 – Encana Corporation had its “outperform” rating reaffirmed by analysts at Wolfe Research. They now have a $13.00 price target on the stock.
  • 6/15/2017 – Encana Corporation was given a new $13.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/14/2017 – Encana Corporation had its “buy” rating reaffirmed by analysts at GMP Securities.
  • 6/14/2017 – Encana Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/13/2017 – Encana Corporation had its price target lowered by analysts at TD Securities from $12.50 to $11.50. They now have a “hold” rating on the stock.

Shares of Encana Corporation (ECA) opened at 9.56 on Friday. The stock’s 50 day moving average price is $9.34 and its 200 day moving average price is $10.68. The firm has a market capitalization of $9.30 billion, a P/E ratio of 11.39 and a beta of 2.04. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.15. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $773.19 million. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, analysts predict that Encana Corporation will post $0.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.015 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Encana Corporation’s payout ratio is currently 6.98%.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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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