Can analysts adopt a bullish outlook for Encana Corp (USA) (NYSE:ECA)?


Encana Corporation (ECA) has made its way to a 12-month gain of 57.76%. The oil and gas company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.08. Jefferies Group has a "Buy" rating and a $14.00 price objective on the stock. IBC downgraded Encana Corp (USA) (NYSE:ECA) on Thursday, February 25 to "Underperform" rating. For the current year the company's revenue estimates are $3.86 Billion compared to low analyst estimates of $3.23 Billion and high estimates of $4.54 Billion according to 13 number of analysts. The Redmile Group Llc holds 1.58 million shares with $7.73 million value, up from 575,863 last quarter. Encana Corp had a positive return on equity of 1.79% and a negative net margin of 40.77%. During the same period in the prior year, the firm earned ($0.15) earnings per share.

"ILLEGAL ACTIVITY NOTICE: "[[title]]" was published by [[site]] and is the property of of [[site]]. If you are reading this piece on another site, it was stolen and reposted in violation of USA and global copyright & trademark legislation. Comparatively, ECA posted earnings of $0.03 per share in the same quarter, a year earlier.

These analysts also forecasted Growth Estimates for the Current Quarter for ECA to be -60%.

Many analysts are providing their Estimated Earnings analysis for Encana Corporation and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.04/share. BMO Capital Markets maintained the shares of ECA in report on Saturday, September 5 with "Buy" rating.

UBS "Upgrades" Encana Corp (NYSE:ECA) in a research note issued to investors on 3/23/17 to Buy with price target of $0. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell".

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Shares of Encana Corp (NYSE:ECA) opened at 10.80 on Wednesday.

While looking at the Stock's Performance, Encana Corporation now shows a Weekly Performance of -4.5%, where Monthly Performance is -5.83%, Quarterly performance is -15.07%, 6 Months performance is 3.51% and yearly performance percentage is 47.42%. The company has market cap of $11.06 billion. Encana Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Latest closing price was 3.34% upbeat to its 50-day moving average and above 19.33% to its 200-day moving average. Wetherby Asset Management Inc. boosted its position in shares of Encana Corp by 0.6% in the first quarter. Finally, Guardian Capital LP purchased a new stake in shares of Encana Corp during the fourth quarter worth about $53,700,000. The stock was bought at an average cost of C$14.21 per share, with a total value of C$14,210.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Williams acquired 3,400 shares of the company's stock in a transaction on Tuesday, February 28th. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock worth $233,000 after buying an additional 124 shares during the period.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, June 13th. Past 5 years growth of Encana Corp (NYSE:ECA) observed at -32.11%, looking forward for the next 5 years it has a strong prediction of 118.21% over growth.

Encana Corporation (ECA) belongs to the "Basic Materials" sector with an industry focus on "Major Integrated Oil & Gas", with Mr. Douglas James Suttles as Chief Exec. Officer, Pres and Director.