Encana (ECA) Rating Reiterated by AltaCorp Capital

AltaCorp Capital reaffirmed their outperform rating on shares of Encana (TSE:ECA) (NYSE:ECA) in a research report report published on Monday morning, Zacks.com reports.

Several other research analysts have also recently commented on ECA. National Bank Financial cut their price target on Encana from C$18.50 to C$10.50 and set an outperform rating on the stock in a research note on Monday, December 10th. Jefferies Financial Group set a C$11.00 price target on Encana in a research note on Thursday, December 13th. GMP Securities cut their price target on Encana from C$15.00 to C$11.00 in a research note on Thursday, December 13th. BMO Capital Markets upgraded Encana from a market perform rating to an outperform rating and cut their price target for the stock from C$12.00 to C$11.00 in a research note on Tuesday, January 8th. Finally, Mizuho reiterated a neutral rating and issued a C$10.50 price target on shares of Encana in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$12.25.

Shares of TSE ECA opened at C$9.57 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.33 and a debt-to-equity ratio of 60.33. Encana has a 1-year low of C$6.90 and a 1-year high of C$18.54. The stock has a market capitalization of $14.37 billion and a PE ratio of 8.62.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were paid a dividend of $0.0187 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.07 annualized dividend and a yield of 0.78%. This is a boost from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio is presently 5.41%.

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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Analyst Recommendations for Encana (TSE:ECA)

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