Encana Corporation (NYSE:ECA) (TSE:ECA) gapped down prior to trading on Friday . The stock had previously closed at $11.69, but opened at $11.46. Encana Corporation shares last traded at $11.23, with a volume of 8,585,086 shares changing hands.

A number of equities research analysts have recently weighed in on the stock. UBS AG upgraded shares of Encana Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Encana Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Canaccord Genuity set a $14.00 price objective on shares of Encana Corporation and gave the company a “buy” rating in a report on Tuesday, June 20th. GMP Securities restated a “buy” rating and issued a $16.00 price objective on shares of Encana Corporation in a report on Friday, September 29th. Finally, TD Securities restated a “buy” rating and issued a $12.50 price objective on shares of Encana Corporation in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.43.

The company’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.18. The firm has a market cap of $10.93 billion, a P/E ratio of 13.38 and a beta of 2.12.

Encana Corporation (NYSE:ECA) (TSE:ECA) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $773.19 million. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. During the same period in the prior year, the company earned $0.10 earnings per share. Equities research analysts anticipate that Encana Corporation will post $0.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.53%. Encana Corporation’s dividend payout ratio (DPR) is 6.98%.

Several large investors have recently modified their holdings of the business. Stevens Capital Management LP acquired a new stake in shares of Encana Corporation in the 2nd quarter worth about $102,000. Gotham Asset Management LLC acquired a new stake in shares of Encana Corporation in the 2nd quarter worth about $109,000. Atria Investments LLC acquired a new stake in shares of Encana Corporation in the 2nd quarter worth about $113,000. Equity Investment Corp Acquisition Inc increased its holdings 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 acquiring an additional 666 shares during the period. Finally, First Allied Advisory Services Inc. increased its holdings 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 acquiring an additional 1,567 shares during the period. 66.75% of the stock is currently owned by institutional investors.

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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.

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