Royal Bank Of Canada Raises Encana Corporation (ECA) Price Target to $13.00

Royal Bank Of Canada Raises Encana Corporation (ECA) Price Target to $13.00

KLR Group reissued their buy recommendation on stocks of Encana Corporation (NYSE:ECA) (TSE:ECA) in a study released on Mon, Jul 24th. Investec Asset Management Ltd now controls 1,188,957 shares with a value of $10,446,000. SG Americas Securities LLC bought a new stake in shares of Encana Corporation during the first quarter worth $166,000. They now have an outperform rating on the stock. BlackRock Inc. boosted its stake in Encana Corporation by 11,232.3% in the first quarter. Investec Asset Management Ltd added to its ownership by buying 162,543 shares an increase of 15.8% in the quarter. Its down 28.04% from 21.24 million shares previously. FMR LLC now owns 22,080,449 shares of the oil and gas company's stock valued at $258,686,000 after buying an additional 1,309,218 shares during the last quarter. 4,285 Altria Group Inc (NYSE:MO) shares with value of $303,050 were sold by DEVITRE DINYAR S.

Catalyst Capital Advisors Llc increased Lowes Cos Inc (NYSE:LOW) stake by 17,390 shares to 27,290 valued at $1.94 million in 2016Q4. BW Gestao de Investimentos Ltda. now owns 1,550,000 shares of the oil and gas company's stock valued at $18,151,000 after buying an additional 950,000 shares during the last quarter. Institutional investors own 73.10% of the company's stock.

Encana Corporation (NYSE:ECA) shares have moved -0.41% on the week. The corporation had a trading volume of 724,478 Stocks. The company rocked its 52-Week High of $5.86 and touched its 52-Week Low of $2.21. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 11.55 and a beta of 2.04.

The stock is trading at $9.70 just above the 50 day moving average of $9.34 and which is well below the 200 day moving average of $10.68.

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Goldman Sachs upgraded Encana Corp (USA) (NYSE:ECA) on Friday, September 11 to "Buy" rating. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $773.19 million. Encana Corporation's yield ratio (DPR) is presently 6.98%. During the same period in the previous year, the company earned $0.10 EPS. Equities research analysts expect that Encana Corporation will post $0.50 earnings per share for the current fiscal year. The company announced a dividend payable on Friday the 29th of September 2017. This dividend represents a yeild of $0.48 which is the dividend as a percentage of the current share price. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.15. The ex-dividend date is Thursday, September 14th. Encana Corporation's payout ratio is now 6.98%.

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Several equities analysts recently commented on ECA shares. Desjardins set a $13.00 price objective on Encana Corporation and gave the stock a "hold" rating in a research report on Thursday, April 20th. Macquarie lowered Encana Corporation from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 21st. GMP Securities maintained it with "Buy" rating and $13.2500 target in Monday, June 12 report. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. BidaskClub raised shares of Encana Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, July 19th.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.

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