Encana Corporation (ECA)- Stocks Rallying on Performance Valuation

Andrew Cummings
October 22, 2017

Through this figure traders can analyze that ECA show whether or not a stock now most active and standing in buying side or sell side.

According to Zacks, "The Canadian energy behemoth - which smashed profit estimates in the Jun quarter on the back of solid production and margins - holds one of the largest natural gas resource portfolios in North America". Finally, TD Securities lifted their price objective on Encana Corporation from $11.50 to $12.50 and gave the company a "buy" rating in a research report on Monday, July 24th. Cormark also issued estimates for Encana Corporation's Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.21 EPS, FY2019 earnings at $1.05 EPS, FY2020 earnings at $1.30 EPS and FY2021 earnings at $1.68 EPS.

At the end of 06/30/2017 reporting period, 152 institutional holders increased their position in Encana Corporation (NYSE:ECA) by some 84,240,703 shares, 157 decreased positions by 95,613,001 and 57 held positions by 483,148,869. Raymond James initiated the stock with "Outperform" rating in Wednesday, May 31 report. The rating was maintained by GMP Securities on Monday, June 12 with "Buy". The rating was upgraded by Barclays Capital to "Overweight" on Tuesday, October 11. The stock now has a consensus rating of Buy and an average price target of $14.11.

The share price of Encana Corporation (NYSE:ECA) was down -1.22% during the last trading session, with a day high of 11.54. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Encana Corporation has a one year low of $8.01 and a one year high of $13.85.

The company is trading down since yesterday's close of 11.41. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. BMO Capital Markets maintained Encana Corp (USA) (NYSE:ECA) on Wednesday, September 27 with "Buy" rating. The dividend payment was $0.015 per share for the quarter or $0.06 annualized. Year to Date (YTD) performance of Encana Corporation (ECA) is -1.87 percent while its Performance (Week) is 0.79 percent and Performance (month) is at 3.69 percent. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $773.19 million. During last 3 month period, 0.00% of total institutional ownership has changed in the company shares.

Wall Street await Encana Corp (USA) (NYSE:ECA) to release earnings on November, 2.

ILLEGAL ACTIVITY NOTICE: "Encana Corporation (ECA) Upgraded by Zacks Investment Research to Buy" was originally reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark laws. The legal version of this news story can be read at https://stocknewstimes.com/2017/10/21/encana-corporation-expected-to-post-q4-2018-earnings-of-0-24-per-share-eca.html. Finally, Steadfast Capital Management LP boosted its stake in shares of Encana Corporation by 5.0% in the 2nd quarter. Gotham Asset Management LLC purchased a new position in shares of Encana Corporation during the second quarter valued at approximately $109,000. Equity Investment Corp Acquisition Inc grew its position in shares of Encana Corporation by 5.4% in the 2nd quarter.

Boasting a price of $14.41, Encana Corp (TSE:ECA) traded -0.42% lower on the day. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company's stock valued at $114,000 after purchasing an additional 666 shares during the last quarter.

Institutional investors now hold around $7.82 billion or 67.2% in ECA stock.

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