Analysts Set Encana Corp (ECA) Target Price at $17.16
Encana Corp (TSE:ECA) (NYSE:ECA) has earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$17.16.
A number of analysts have weighed in on the company. BMO Capital Markets set a C$15.00 price target on Encana and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Sanford C. Bernstein boosted their price objective on Encana from C$19.89 to C$19.98 in a research report on Friday, February 16th.
Shares of TSE:ECA traded up C$0.20 on Monday, reaching C$16.84. The company had a trading volume of 362,480 shares, compared to its average volume of 3,916,527. Encana has a twelve month low of C$10.54 and a twelve month high of C$17.94.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 0.45%. This is a positive change from Encana’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, June 14th.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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