Scotiabank Reaffirms "Underperform" Rating for Encana Corp (ECA)

According to these analysts, the Low Revenue Estimate for Encana Corporation is 788.43 Million and the High Revenue Estimate is 880.15 Million. It has been suggested as "Buy Opinions" from 5 and 0 issued "Sell Thoughts" for the stock. Finally, TD Securities lowered Encana Corp from a "buy" rating to a "hold" rating in a research report on Friday, January 27th. Shares of Encana Corporation (ECA) are trading -19.38% downward from the 52-week high mark and 62.09% above from the fifty two-week low mark.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Encana Corp had a negative net margin of 40.77% and a positive return on equity of 1.79%.

A number of equities analysts recently commented on ECA shares. The stock had a trading volume of 4,186,134 shares.

Encana Corporation (ECA) stock price distance from twenty day simple moving average surged at 1.87% while its distance from fifty day simple moving average raised 0.60% along with 0.51% above distance from two hundred simple moving averages. Jefferies Group LLC set a $14.00 price objective on Encana Corp and gave the company a "buy" rating in a research report on Wednesday. Zacks Investment Research cut Encana Corp from a "buy" rating to a "hold" rating in a research note on Wednesday, January 25th.

Some buy side analysts are also providing their Analysis on Encana Corporation, where 6 analysts have rated the stock as Strong buy, 10 analysts have given a Buy signal, 8 said it's a HOLD, 3 reported it as Underperform and 0 analysts rated the stock as Sell. Its last month's stock price volatility remained 5.17% which for the week approaches 4.39%.

Encana Corp (NYSE:ECA) last announced its quarterly earnings data on Tuesday, May 2nd. Institutional investors and hedge funds own 64.57% of the company's stock. The stock has a 50 day moving average price of $15.21 and a 200-day moving average price of $15.63. For the next 5 years, Encana Corporation is expecting Growth of 118.21% per annum, whereas in the past 5 years the growth was -32.11% per annum. The Market Capitalization of the company stands at 10.62 Billion. Investors of record on Thursday, June 15th will be issued a $0.015 dividend. The ex-dividend date is Tuesday, June 13th.

Annual Dividend Yield of Encana Corporation (ECA) stands at 0.54%.

The company's consensus rating on Reuter's scale slipped from 3.3 to 3.1 during a month.

In other news, Director Clayton Harvey Woitas bought 12,300 shares of Encana Corp stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $10.65 per share, for a total transaction of $130,995.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock. It also increased its holding in Wells Fargo & Co New (NYSE:WFC) by 407,060 shares in the quarter, for a total of 522,060 shares, and has risen its stake in Cdn Imperial Bk Comm Toronto (NYSE:CM). "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Encana Corp by 133.6% in the first quarter. Korea Investment CORP now owns 594,108 shares of the oil and gas company's stock worth $6,198,000 after buying an additional 449,308 shares during the last quarter.

Shares of Ross Stores, Inc. Investors measure stock performance on the basis of a company's earnings power.

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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. The Company's activities also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

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