Encana Corporation (NYSE:ECA) (TSE:ECA)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They presently have a $12.00 target price on the oil and gas company’s stock, down from their previous target price of $13.00. Jefferies Group LLC’s price target indicates a potential upside of 32.89% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity set a $14.00 price target on shares of Encana Corporation and gave the company a “buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets set a $13.00 price target on shares of Encana Corporation and gave the company a “buy” rating in a research report on Thursday, June 15th. GMP Securities restated a “buy” rating on shares of Encana Corporation in a research report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of Encana Corporation in a research report on Monday, May 29th. Finally, TD Securities upgraded shares of Encana Corporation from a “hold” rating to a “buy” rating and set a $11.50 price target on the stock in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the stock. Encana Corporation currently has a consensus rating of “Buy” and an average target price of $13.23.

Encana Corporation (NYSE:ECA) opened at 9.03 on Tuesday. The firm’s 50-day moving average price is $9.52 and its 200 day moving average price is $10.39. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85. The firm has a market cap of $8.79 billion, a PE ratio of 10.76 and a beta of 2.04.

Encana Corporation (NYSE:ECA) (TSE:ECA) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 previous year, the business earned $0.10 earnings per share. On average, equities analysts anticipate that Encana Corporation will post $0.49 earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in Encana Corporation by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after buying an additional 124 shares during the period. Wetherby Asset Management Inc. increased its stake in Encana Corporation by 0.6% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company’s stock worth $277,000 after buying an additional 133 shares during the period. Sentinel Trust Co. LBA increased its stake in Encana Corporation by 0.3% in the second quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after buying an additional 490 shares during the period. Equity Investment Corp Acquisition Inc increased its stake in Encana Corporation by 5.4% in the second quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after buying an additional 666 shares during the period. Finally, Van ECK Associates Corp increased its stake in Encana Corporation by 0.4% in the first quarter. Van ECK Associates Corp now owns 154,065 shares of the oil and gas company’s stock worth $1,804,000 after buying an additional 675 shares during the period. 66.76% of the stock is owned by institutional investors and hedge funds.

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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