Encana Corporation (NYSE:ECA) (TSE:ECA) had its price target hoisted by Barclays PLC from $13.00 to $14.00 in a research note issued to investors on Monday morning. Barclays PLC currently has an overweight rating on the oil and gas company’s stock.

ECA has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Encana Corporation from $14.00 to $15.00 and gave the stock an equal weight rating in a research report on Thursday, October 19th. Scotiabank raised their target price on shares of Encana Corporation from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Thursday, October 19th. Royal Bank Of Canada lifted their price objective on shares of Encana Corporation from $13.00 to $15.00 and gave the company an outperform rating in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Encana Corporation from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Tuesday, October 17th. Finally, AltaCorp Capital upgraded shares of Encana Corporation from a sector perform rating to an outperform rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the stock. Encana Corporation has a consensus rating of Buy and a consensus target price of $14.43.

Encana Corporation (NYSE ECA) traded down $0.22 on Monday, reaching $11.63. 4,197,600 shares of the company’s stock traded hands, compared to its average volume of 11,997,749. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $11,530.00, a price-to-earnings ratio of 29.63, a PEG ratio of 3.43 and a beta of 2.17. Encana Corporation has a 12 month low of $8.01 and a 12 month high of $13.85.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, December 14th. Encana Corporation’s payout ratio is 7.50%.

Several institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. grew its holdings in shares of Encana Corporation by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 497 shares during the last quarter. Equity Investment Corp Acquisition Inc raised its position in shares of Encana Corporation by 5.4% in 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 purchasing an additional 666 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Encana Corporation by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 45,097 shares of the oil and gas company’s stock worth $396,000 after purchasing an additional 939 shares during the last quarter. Blair William & Co. IL raised its position in shares of Encana Corporation by 2.5% in the 2nd quarter. Blair William & Co. IL now owns 45,472 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 1,115 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its position in shares of Encana Corporation by 13.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 1,567 shares during the last quarter. Hedge funds and other institutional investors own 67.71% of the company’s stock.

Encana Corporation 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.

Analyst Recommendations for Encana Corporation (NYSE:ECA)

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