AltaCorp Capital Upgrades Encana Corp (TSE:ECA) to "Outperform"

Encana Corp (NYSE:ECA) shares traded on -1.11% down secure line and closed at $9.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. They now have an outperform rating on the stock. Equity Investment Corp Acquisition Inc boosted its stake in shares of Encana Corporation by 10.7% in the first quarter. CIBC Asset Management Inc now owns 6,575,705 shares of the oil and gas company's stock valued at $57,790,000 after buying an additional 3,131,997 shares in the last quarter. Steadfast Advisors Lp sold 117,449 shares as Encana Corp (ECA)'s stock declined 8.34%. The share last price represents downtick move of -30.97% in value from company's 52-Week high price and shows 19.35% above change in value from its 52-Week low price. Wellington Management Group LLP increased its position in Encana Corporation by 337.3% in the Q1. Vanguard Group Inc. now owns 22,637,700 shares of the oil and gas company's stock worth $265,086,000 after buying an additional 994,074 shares during the period. Finally, BW Gestao de Investimentos Ltda. increased its position in Encana Corporation by 158.3% in the first quarter. The value of the company's investment in Encana Corporation went from $18,060,000 to $5,973,000 a change of $12,087,000 quarter over quarter. Institutional investors and hedge funds own 73.10% of the company's stock.

Encana Corporation (NYSE:ECA) transacted up 0.21% through out intraday market trading on early Monday, reaching $9.58.

Following trading activity for Square, Inc.(NYSE:SQ), we can see that the stock has moved onto today's list of most actives. Encana Corporation has a 12 month low of $8.01 and a 12 month high of $13.85. The company has a market cap of $11.98 billion and a price-to-earnings ratio of 14.67.

The stock is trading at $9.70 just above the 50 day moving average of $9.34 and which is well below the 200 day moving average of $10.68.

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Encana Corp (TSE:ECA) (NYSE:ECA) had its target price lifted by research analysts at Raymond James Financial, C$19.00 in a research report issued on Monday, July 24th, reports. The oil and gas company reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.15. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $773.19 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities analysts forecast that Encana Corporation will post $0.50 EPS for the current year. Shareholders of record on Friday, September 15th will be issued a $0.015 dividend. The ex-dividend date is Thursday, September 14th. Encana Corporation's payout ratio is 6.98%.

Encana Corporation (ECA) traded up 1.36% on Monday, reaching $9.69.

TRADEMARK VIOLATION WARNING: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. The correct version of this piece of content can be viewed at Finally, BMO Capital Markets reissued an outperform rating and set a C$13.00 price objective on shares of Encana Corp in a report on Wednesday, June 21st. Desjardins set a $13.00 price objective on Encana Corporation and gave the company a "hold" rating in a research report on Thursday, April 20th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Encana Corporation has an average rating of "Buy" and an average target price of $13.32.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.

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