Encana Corporation (NYSE:ECA) Receives An Update From Brokers

The firm earned “Hold” rating on Tuesday, December 1 by Jefferies. Allianz Asset Management AG purchased a new position in shares of Encana Corporation during the fourth quarter worth about $370,000.Other research analysts also recently issued research reports about the company. Wetherby Asset Management Inc. raised its stake in shares of Encana Corporation by 0.6% in the first quarter. A total of 18.64 million shares exchanged at hands and its average trading volume is standing at 39.95 million shares. Sei Investments Co. boosted its position in shares of Encana Corporation by 84.8% in the first quarter. To make a proper assessment, investors seek a sound estimate of this year’s and next year’s earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Analysts have a mean recommendation of 2.30 on this stock. The shares price has positioned -24.85% down over the past quarter while it has directed -25.61% toward a falling position throughout past six months. The company moved in the past week with shift of 6.07%.Institutional owners hold 67.20% stake in the company.Encana Corporation (NYSE:ECA) traded up 0.69% during midday trading on Friday, hitting $8.80. Share performance for the month is now at -10.08%. The relative volume of the stock is 1.1, while its market cap is $8.5 Billion.Shares of Encana Corporation (ECA) touched the day high at $8.94 while its day Low was at $8.62. The share price has moved forward from its 20 days moving average 8.06% and positively from its 50 days moving average 11.51%. Encana Corp’s Wall Street analysts see -40.00 % negative EPS growth, taking into account the $0.15 EPS reproted in the previous quarter, About 2.74M shares traded. Encana Corporation had a negative net margin of 3.87% and a positive return on equity of 5.21%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $789.49 million. This is assuming the current $0.09 EPS is accurate.The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.015 dividend.Annual Dividend Yield of Encana Corporation (ECA) stands at 0.69%. Encana Corporation’s dividend payout ratio is now -31.58%.ILLEGAL ACTIVITY NOTICE: “Bank of New York Mellon Corp Raises Stake in Encana Corporation (ECA)” was published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another domain, it was stolen and republished in violation of worldwide copyright & trademark legislation. The correct version of this article can be accessed at https://www.com-unik.info/2017/07/01/encana-corp-tseeca-receives-average-rating-of-hold-from-brokerages.html.A number of equities analysts have weighed in on the company. Raymond James Financial, Inc. initiated coverage on shares of Encana Corporation in a report on Wednesday, May 31st. Presently, it has a Return on Equity (ROE) of -10.20% and Return on Investment (ROI) of 5.10%. BMO Capital Markets set a $13.00 price objective on shares of Encana Corporation and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock.