Encana (TSE:ECA) PT Lowered to C$9.00

Encana (TSE:ECA) (NYSE:ECA) had its price target decreased by Royal Bank of Canada from C$11.00 to C$9.00 in a research report report published on Thursday, BayStreet.CA reports.

ECA has been the topic of a number of other reports. National Bank Financial decreased their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. AltaCorp Capital reaffirmed an outperform rating on shares of Encana in a report on Monday, April 8th. BMO Capital Markets reiterated a hold rating and issued a $9.50 price target on shares of Vicon Industries in a research note on Friday, June 14th. Finally, Cormark increased their price target on Parex Resources from C$32.50 to C$35.00 in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Encana currently has a consensus rating of Buy and a consensus target price of C$10.29.

Shares of Encana stock opened at C$5.93 on Thursday. Encana has a one year low of C$5.63 and a one year high of C$18.54. The business has a fifty day moving average of C$6.54. The company has a market cap of $7.99 billion and a PE ratio of 9.11. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 77.96.

Encana (TSE:ECA) (NYSE:ECA) last announced its earnings results on Tuesday, April 30th. The company reported C$0.18 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.13 by C$0.05. The company had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.59 billion. As a group, equities research analysts anticipate that Encana will post 1.0299999 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, June 13th. This is a positive change from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio is presently 15.36%.

About Encana

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

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Analyst Recommendations for Encana (TSE:ECA)

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