Should You Sell Encana Corporation Based On Current Broker Views?

After having $0.18 EPS previously, Encana Corp (USA)'s analysts see -61.11% EPS growth. Zacks' sales calculations are an average based on a survey of research firms that cover Encana Corp. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since October 12, 2016 and is uptrending. Cambridge Investment Research Advisors Inc. grew its holdings in Encana Corporation by 0.6% in the first quarter. The company has market cap of $465.19 million. The business is scheduled to report its next earnings report on Thursday, July 20th.

COPYRIGHT VIOLATION WARNING: "Equities Analysts Issue Forecasts for Encana Corporation's Q2 2018 Earnings (ECA)" was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. Shares are clocking price at $11.43 with change of -0.95%. The Return on Equity (ROE) value stands at 12.4%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $773.19 million. The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock.

Several research analysts have commented on ECA shares.

03/09/2017 - Canaccord Genuity began new coverage on Encana Corporation giving the company a "buy" rating.

On September 28 the stock rating was upgraded from "Neutral" to "Outperform" in a report issued by Macquarie. Northland Capital maintained it with "Hold" rating and $18.5 target in Wednesday, October 11 report.

Analyst's mean target price for company is $13.79 while analysts mean suggestion is 2. The firm earned "Hold" rating on Wednesday, June 21 by Macquarie Research. Raymond James Financial, Inc. lifted their price target on shares of Encana Corp to C$19.00 and gave the stock a "strong-buy" rating in a report on Monday, July 24th. The target implies a 12.2% spike from where the shares are now trading. The total value of these holdings, in millions, is $7,475. The stock now has Monthly Volatility of 2.70% and Weekly Volatility of 2.15%.

Hedge funds have recently modified their holdings of the stock.

Lodge Hill Capital Llc increased Colfax Corp (CFX) stake by 37.88% reported in 2017Q2 SEC filing. About 3.34 million shares traded. The company has market cap of $9.17 billion. Finally, Parkwood LLC boosted its position in Encana Corporation by 15.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company's stock worth $212,000 after purchasing an additional 497 shares during the period.

Encana Corporation (ECA) recently closed with rise of 1.20% to its 20-Day Simple Moving Average. They now have a Dollars 14 price target on the stock. The stock has advanced 42.70% to a low over the previous 12 months and showed declining move -17.47% to a high over the same period.

Analyzing the technical facts of Encana Corporation (ECA), its current distance from 20-Day Simple Moving Average is 1.20% and standing 12.42% away from 50-Day Simple Moving Average while traded up 6.27% from 200-Day Simple Moving Average. On Thursday, February 25 the stock rating was downgraded by IBC to "Underperform".

Encana Corporation also announced a dividend for shareholders that was paid on Friday September 29th, 2017. On Friday, September 29 the stock rating was maintained by GMP Securities with "Buy". The ex-dividend date is Tuesday, June 13th.

Encana has a PE ratio of 13.26 with a one year low of $8.01 and a one year high of $13.85 Encana's market capitalization is presently $0. Encana Corporation's payout ratio is 6.98%.

Encana Corporation, launched on January 1, 2006, 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 operations also include the marketing of natural gas, oil and NGLs.

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