Several other hedge funds have also recently modified their holdings of ECA.
Arvind Sanger increased its stake in Encana Corp (ECA) by 62.52% based on its latest 2016Q4 regulatory filing with the SEC. The company had a trading volume of 4,057,549 shares.
Encana Corporation shares increased 6.07 percent over the past week and fell -10.08 percent over the previous month. Equity Investment Corp Acquisition Inc now owns 12,330 shares of the oil and gas company's stock valued at $144,000 after buying an additional 1,195 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Encana Corporation during the first quarter worth $168,000. Capstone Asset Management Co. now owns 81,900 shares of the oil and gas company's stock valued at $959,000 after buying an additional 670 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Encana Corporation during the fourth quarter worth $140,000. The company holds 973.00 million outstanding shares and 972.36 million shares are floating in market. Institutional investors own 68.19% of the company's stock.
Encana Corporation (NYSE ECA) traded up 0.69% during trading on Friday, reaching $8.80. Analysts set a 12-month price target of $16.56 a share.
With the recent move, the stock now boasts a market cap of 8562.40and a beta of 2.03.
Shares of Encana Corporation (ECA) touched the day high at $8.94 while its day Low was at $8.62. BidaskClub raised shares of Encana Corporation from a "strong sell" rating to a "sell" rating in a report on Wednesday, June 14th. 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. However it has a net margin of -3.90%. Average estimation for the current quarter has been provided by 11 analysts. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.08.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.015 per share.
Annual Dividend Yield of Encana Corporation (ECA) stands at 0.69%. The ex-dividend date is Tuesday, June 13th. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Encana Corporation (ECA), we will discuss a few. If you are reading this article on another domain, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/07/01/q4-2017-eps-estimates-for-encana-corp-decreased-by-analyst-eca-updated.html. GMP Securities downgraded Encana Corp from a "buy" rating to a "hold" rating in a report on Tuesday, February 21st. Raymond James Financial, Inc. initiated coverage on shares of Encana Corporation in a report on Wednesday, May 31st. Canaccord Genuity reissued a "buy" rating and issued a $14.00 price objective on shares of Encana Corporation in a research report on Tuesday, April 11th. A rating of 4 or 5 would represent a Sell recommendation. At the time of writing, the First Call consensus price target for the company is $18.87. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company.
Encana Corporation (ECA) has been given an average price target of $13.84 from analysts, according to data collected by Finviz.
About Encana Corp 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 activities also include the marketing of natural gas, oil and NGLs.