Encana Corporation (NYSE:ECA) (TSE:ECA) had its target price upped by Barclays PLC from $9.00 to $12.00 in a research note released on Wednesday morning. Barclays PLC currently has an overweight rating on the oil and gas company’s stock.

Other equities research analysts have also issued reports about the stock. TD Securities upgraded shares of Encana Corporation from a hold rating to a buy rating and set a $11.50 price objective on the stock in a research report on Friday, June 30th. BMO Capital Markets reiterated a buy rating and issued a $12.00 price objective on shares of Encana Corporation in a research report on Tuesday, June 27th. Canaccord Genuity set a $14.00 price objective on shares of Encana Corporation and gave the stock a buy rating in a research report on Tuesday, June 20th. GMP Securities reiterated a buy rating on shares of Encana Corporation in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $14.00 price objective on shares of Encana Corporation in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $13.63.

Encana Corporation (NYSE:ECA) traded down 0.95% during trading on Wednesday, hitting $11.43. 8,919,979 shares of the stock traded hands. The company’s 50 day moving average price is $10.47 and its 200-day moving average price is $10.19. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85. The stock has a market cap of $11.12 billion, a P/E ratio of 13.62 and a beta of 2.12.

Encana Corporation (NYSE:ECA) (TSE:ECA) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.18 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $773.19 million. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts forecast that Encana Corporation will post $0.50 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.015 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.52%. Encana Corporation’s payout ratio is currently 6.98%.

Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Encana Corporation by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 124 shares during the period. Sentinel Trust Co. LBA lifted its holdings in shares of Encana Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after acquiring an additional 490 shares during the period. Wetherby Asset Management Inc. lifted its holdings in shares of Encana Corporation by 2.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 497 shares during the period. Equity Investment Corp Acquisition Inc lifted its holdings in shares of Encana Corporation by 5.4% during the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 666 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of Encana Corporation by 2.1% during the 2nd quarter. D.A. Davidson & CO. now owns 45,097 shares of the oil and gas company’s stock worth $396,000 after acquiring an additional 939 shares during the period. Institutional investors and hedge funds own 66.76% of the company’s stock.

About Encana Corporation

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.

Analyst Recommendations for Encana Corporation (NYSE:ECA)

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