Encana Corp (ECA) Trading 4% Higher
Encana Corp (TSE:ECA) (NYSE:ECA)’s share price traded up 4% during mid-day trading on Wednesday . The company traded as high as C$14.99 and last traded at C$14.87. 6,314,292 shares traded hands during trading, an increase of 50% from the average session volume of 4,219,280 shares. The stock had previously closed at C$14.30.
A number of equities analysts have recently issued reports on the company. TD Securities increased their price target on Encana Corp to C$15.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. increased their price target on Encana Corp to C$19.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada increased their price target on Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research report on Monday, July 24th. AltaCorp Capital raised Encana Corp from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$13.00 price target on shares of Encana Corp in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Encana Corp currently has a consensus rating of “Buy” and an average target price of C$16.35.
The firm has a 50 day moving average price of $13.13 and a 200 day moving average price of $13.21. The company has a market capitalization of $14.36 billion and a PE ratio of 17.59.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.06 annualized dividend and a yield of 0.42%.
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Encana Corp 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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