Encana Corporation (ECA) Raised to “Hold” at Societe Generale

Encana Corporation (NYSE:ECA) (TSE:ECA) was upgraded by stock analysts at Societe Generale to a “hold” rating in a research note issued on Wednesday.

A number of other research firms have also recently issued reports on ECA. Vetr raised shares of Encana Corporation from a “sell” rating to a “hold” rating and set a $11.87 price objective on the stock in a research report on Monday, December 19th. Deutsche Bank AG restated a “buy” rating and issued a $13.00 target price (down previously from $15.00) on shares of Encana Corporation in a report on Thursday, September 29th. KLR Group upgraded shares of Encana Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $14.00 in a report on Monday, November 7th. Zacks Investment Research upgraded shares of Encana Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, December 6th. Finally, BMO Capital Markets set a $14.00 target price on shares of Encana Corporation and gave the stock a “buy” rating in a report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.46.

Analyst Recommendations for Encana Corporation (NYSE:ECA)

Encana Corporation (NYSE:ECA) traded up 1.33% on Wednesday, reaching $12.96. The company’s stock had a trading volume of 6,334,827 shares. Encana Corporation has a 12 month low of $3.00 and a 12 month high of $13.49. The stock’s 50 day moving average price is $12.40 and its 200 day moving average price is $10.21. The company’s market cap is $12.61 billion.

Encana Corporation (NYSE:ECA) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. Encana Corporation had a negative net margin of 40.77% and a positive return on equity of 1.79%. During the same quarter in the previous year, the company earned ($0.03) EPS. Equities research analysts forecast that Encana Corporation will post $0.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, December 13th. Encana Corporation’s payout ratio is presently -3.97%.

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A number of institutional investors have recently modified their holdings of the company. FCG Advisors LLC acquired a new position in shares of Encana Corporation during the third quarter worth approximately $105,000. Morningstar Investment Services LLC acquired a new position in shares of Encana Corporation during the third quarter worth approximately $109,000. Murphy Pohlad Asset Management LLC boosted its position in shares of Encana Corporation by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company’s stock worth $126,000 after buying an additional 375 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Encana Corporation during the third quarter worth approximately $133,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Encana Corporation during the third quarter worth approximately $142,000. Institutional investors own 64.40% of the company’s stock.

Encana Corporation Company Profile

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations 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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