Encana Corp (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.025 per share on Monday, September 30th. This represents a $0.10 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, September 12th.
TSE ECA traded up C$0.13 during trading hours on Tuesday, reaching C$6.33. The company had a trading volume of 4,265,068 shares, compared to its average volume of 7,526,855. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 83.79. The stock has a market capitalization of $8.35 billion and a P/E ratio of 6.18. The stock has a 50-day moving average of C$5.75 and a 200 day moving average of C$7.69. Encana has a 1-year low of C$5.25 and a 1-year high of C$17.41.
Encana (TSE:ECA) (NYSE:ECA) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.06. The company had revenue of C$2.75 billion during the quarter, compared to analysts’ expectations of C$2.28 billion. As a group, sell-side analysts predict that Encana will post 1.03 EPS for the current year.
A number of analysts have issued reports on the company. National Bank Financial cut their target price on Encana from C$11.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Cormark decreased their target price on Encana from C$15.00 to C$13.00 in a research note on Tuesday, July 9th. Royal Bank of Canada lowered their target price on Encana from C$11.00 to C$9.00 in a report on Thursday, July 18th. Finally, BMO Capital Markets dropped their target price on Encana from C$11.00 to C$9.00 in a research report on Friday, June 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$10.29.
Encana Company Profile
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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