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How Analysts Feel About Encana Corp (USA) (NYSE:ECA)?

14 September 2017

Fiera Capital Corp acquired 319,371 shares as Encana Corp (ECA)'s stock declined 8.34%. At the time of writing, the First Call consensus price target for the company is $12.96. Jefferies Group also issued estimates for Encana Corporation's Q3 2017 earnings at $0.09 EPS, Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.76 EPS. A rating of 4 or 5 would represent a Sell recommendation.

For the past 5 years, Encana Corporation's EPS growth has been almost -28.07%. Zacks Investment Research upgraded Encana Corporation from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Thursday, July 27th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. FirstEnergy Capital downgraded Encana Corp (USA) (NYSE:ECA) on Tuesday, October 13 to "Market Perform" rating. State of Wisconsin Investment Board owned 0.08% of Encana Corporation worth $6,464,000 at the end of the most recent quarter.

Since the beginning of the calendar year, the stock is -22.88%. From the opening price, the stock has seen a change of 2.32% recently clocking in with a price of $9.70. In other hand, we can simply identify the size of the 52-week range by subtracting the 52-week low from the 52-high; then divide this value by 52 in order to find the average weekly move of the price.

Shares of Encana Corporation (NYSE ECA) traded up 5.82% during midday trading on Wednesday, reaching $10.19. Sure, the percentage is discouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually. However it has a net margin of 19.10%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $773.19 million. However the company reported $0.04 earnings per share for the same quarter during past year.

Encana Corp (NYSE:ECA)'s revenue estimates for the current quarter are $876.2 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $937.2 Million in contradiction of low revenue estimates of $798.16 Million. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright law. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. About shares traded. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since September 12, 2016 and is uptrending. Its book value per share for the most recent quarter is $6.97 while its price to book ratio for the same period is 1.38, as for as the company's cash per share for the most recent quarter is $0.39, however its price to cash per share ratio for the same period is 24.69. Sentinel Trust Co. LBA boosted its holdings in Encana Corporation by 0.3% in the second quarter. Hedge funds and other institutional investors own 66.76% of the company's stock. IL boosted its holdings in Encana Corporation by 1.6% in the first quarter. Return on Assets (ROA) ratio indicates how profitable a company is relative to its total assets. Finally, BlueCrest Capital Management Ltd grew its position in shares of Encana Corporation by 600.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock valued at $233,000 after acquiring an additional 124 shares during the last quarter. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.

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.

How Analysts Feel About Encana Corp (USA) (NYSE:ECA)?