Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Encana (ECA) Share Price
Headlines about Encana (NYSE:ECA) (TSE:ECA) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Encana earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 47.6587832612232 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Encana Will Point CapEx toward Permian and Montney in 2018 (oilandgas360.com)
- Encana’s (ECA) Buy Rating Reiterated at Canaccord Genuity (americanbankingnews.com)
- Head-To-Head Contrast: California Resources (CRC) and Encana (ECA) (americanbankingnews.com)
- Hot Stock in Focus: Encana Corporation (NYSE: ECA) – Alpha Beta Stock (alphabetastock.com)
- Enrapturing Stock- Encana Corporation (NYSE:ECA) – The Stock Street (press release) (thestreetpoint.com)
A number of equities analysts have issued reports on ECA shares. Scotiabank increased their target price on Encana from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, October 19th. Morgan Stanley increased their target price on Encana from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, October 19th. Royal Bank of Canada increased their target price on Encana from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. Zacks Investment Research upgraded Encana from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, October 17th. Finally, Barclays raised their price objective on Encana from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.77.
Shares of Encana (NYSE ECA) traded up $0.33 during midday trading on Tuesday, hitting $13.64. The stock had a trading volume of 13,084,064 shares, compared to its average volume of 7,180,000. The company has a market cap of $13,290.00, a PE ratio of 17.05 and a beta of 2.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. Encana has a 12 month low of $8.01 and a 12 month high of $14.01.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.015 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.06 annualized dividend and a yield of 0.44%. Encana’s dividend payout ratio (DPR) is currently 7.50%.
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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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