Encana (ECA) Getting Somewhat Favorable Press Coverage, Accern Reports
Media headlines about Encana (NYSE:ECA) (TSE:ECA) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Encana earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 47.8420175250046 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Encana Corporation (NYSE:ECA) – Analysts’ Recommendation in Spotlight – Nasdaq Journal (press release) (nasdaqjournal.com)
- Encana Corp. – Value Analysis (NYSE:ECA) : November 29, 2017 (finance.yahoo.com)
- Should You Bet on Oil Stocks Ahead of the Crucial OPEC Meeting? (fool.ca)
- $991.42 Million in Sales Expected for Encana Corporation (ECA) This Quarter (americanbankingnews.com)
- Encana (ECA) & Venoco (VQ) Head to Head Comparison (americanbankingnews.com)
Several research analysts have commented on the company. TD Securities boosted their target price on Encana from $14.50 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. National Bank Financial boosted their target price on Encana from $14.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Morgan Stanley boosted their target price on Encana from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 19th. Credit Suisse Group boosted their target price on Encana from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Finally, Citigroup boosted their target price on Encana from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $14.43.
Encana (ECA) traded up $0.32 during trading on Thursday, hitting $11.84. The stock had a trading volume of 6,982,138 shares, compared to its average volume of 11,802,757. Encana has a one year low of $8.01 and a one year high of $13.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $11,122.70, a P/E ratio of 28.58, a P/E/G ratio of 3.31 and a beta of 2.17.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, December 14th. Encana’s dividend payout ratio is currently 7.60%.
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Encana Company Profile
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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