Encana Corporation's (NYSE:ECA) "Buy" Rating Reiterated at BMO Capital Markets

Encana Corporation's (NYSE:ECA)

Encana Corporation had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The fund owned 2,635,879 shares of the oil and gas company's stock after selling 112,912 shares during the period. Encana Corporation also was the target of some unusual options trading activity on Wednesday. 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 last quarter. On Tuesday, December 15 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The last session's volume of 8.82 million shares was lower than its average volume of 13.30 million shares. BlackRock Inc. raised its stake in shares of Encana Corporation by 11,232.3% in the first quarter. JPMorgan Chase & Co. boosted its stake in shares of Encana Corporation by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 32,319 shares of the oil and gas company's stock worth $378,000 after buying an additional 4,699 shares during the last quarter.

Analysts expect Encana Corp (TSE:ECA) to report $0.09 EPS on July, 20.They anticipate $0.04 EPS change or 30.77 % from last quarter's $0.13 EPS. This trading sentiment put the stock on Most Active spotlight.

Encana Corporation (ECA)'s average Piotroski F-Score: 6 during the last 7 years. The stock's market capitalization is $9.19 billion.

07/04/2017 - Encana Corporation was upgraded to " by analysts at Raymond James. Stock traders purchased 23,027 call options on the company. This represents an increase of approximately 791% compared to the average volume of 2,583 call options.

Many analysts have provided their estimated foresights on Encana Corporation Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.04. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $789.49 million. Net profit margin of Encana Corporation (ECA) was recorded at -3.9 percent, operating profit margin was -10.7 percent, while gross profit margin stands at 60.9 percent.

Other analysts have also recently issued reports about the company. During the same quarter in the prior year, the company earned ($0.15) EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.06 annualized dividend and a yield of 0.63%. Encana Corporation's dividend payout ratio is presently -31.58%.

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Several other brokerages have also issued reports on ECA. Macquarie Research downgraded Encana Corp (USA) (NYSE:ECA) on Wednesday, June 21 to "Hold" rating. Previously Encana Corp (NYSE:ECA) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08 with surprise factor of 266.7%. Desjardins set a $13.00 price objective on Encana Corporation and gave the stock a hold rating in a report on Thursday, April 20th. PTC Therapeutics, Inc. has 1 buy ratings, 5 holds and 0 sells even after the stock tumbled -4.05% from its high of $19.72 to a $794.63 million market value through last close.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $13.15 on the stock, this valuation is based on 28 number of opinions.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays.