The rest of the proceeds from the share deal are to be utilized to repay debt. Recently shares have been suggested as BUY from “12” and “0” issued SELL signal for the company’s stock.
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A number of other equities research analysts have also weighed in on the company. It has traded in a 52-week range between $3.00 – 10.75 and today’s last price is 0.15% lower than the 52 week high of $10.75. The firm’s market cap is $10.41 billion.
Encana Corporation reported its last Earnings on Jul 21 BMO where the company reported Actual EPS of $0.1/Share whereas, the Analyst Estimated EPS was $-0.08/share.
09/12/2016 – Encana Corporation had its “sector perform” rating reiterated by analysts at RBC Capital.
01/12/2016 – Encana Corporation had its “equal-weight” rating reiterated by analysts at Morgan Stanley. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock price of ECA is moving down from its 20 days moving average with -6.37% and isolated positively from 50 days moving average with 2.07%. During period one month ago, consensus EPS forecast was decided at $-0.05. On average, analysts predict that Encana Corp. will post ($0.10) EPS for the current fiscal year. Stockholders of record on Thursday, September 15th will be paid a $0.015 dividend.
Encana Corporation annual Divided is 0.06 while it’s Dividend Yield is 0.66%. Encana Corp.’s dividend payout ratio is now -1.79%. The number of shares now owned by investors are 47.51 mln. BB&T Securities LLC boosted its stake in Encana Corp.by 22.6% in the first quarter. It has 850.42 million of outstanding shares and its shares float measured at 849.28. L P boosted its stake in Encana Corp.by 39.6% in the first quarter. EnCana used to create its capital using borrowed money.
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Encana is a leading North American energy company with a portfolio of resource plays, held directly and indirectly through its subsidiaries that produce natural gas, oil and natural gas liquids. The Company operates through three business segments: Canadian Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within Canada; USA Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments product type delivery points and customer diversification.
