Encana Corporation (NYSE:ECA) earnings reaction history

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These analysts also forecasted Growth Estimates for the Current Quarter for ECA to be -76.9%.

Several investment firms issued their expert ratings on Encana Corporation (NYSE:ECA) in which Societe Generale Upgrades Encana Corporation (NYSE:ECA) to Hold with no specific Price Target on 1/12/17. The stock now has a consensus rating of Buy and a consensus price target of $13.66.

Encana shares were last down 1.6 percent on the Toronto Stock Exchange at C$16.47.

Among analysts who offered their Analysis on Encana Corporation (NYSE:ECA)-3 analysts issued Strong buy for the stock, 11 analysts have given a Buy rating, 9 think it's a HOLD, 3 reported it as Underperform, while 0 analyst issued a Sell rating.

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Shares of Encana Corporation (NYSE:ECA) traded down 1.88% during mid-day trading on Thursday, reaching $12.53.

Encana Corporation closed its last trading session at $12.86 with the loss of -0.7%. The stock has 52-week high of $13.85 and 52-week low of $3. The stock's price moved up its 200-day moving average of $11.06.

Zacks Investment Research has downgraded Encana Corp (USA) (NYSE:ECA) to Hold in a statement released on 02/16/2017. The difference between the estimated and actual earnings was $0.08 per share. The Return on Investment (ROI) is at -30.1% while it's Return on Equity (ROE) value stands at -22.4%. On average, equities analysts anticipate that Encana Corporation will post $0.02 EPS for the current fiscal year. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/02/15/encana-corporation-eca-earns-overweight-rating-from-analysts-at-j-p-morgan-chase-co.html.

A number of institutional investors have recently bought and sold shares of ECA. CIBC World Markets Inc. raised its stake in shares of Encana Corporation by 20.4% in the third quarter. On the other hand, in the June 2017 quarter the company recorded a net $364M revenue with earnings per share of $0.10. Wetherby Asset Management Inc. increased its position in Encana Corporation by 1.9% in the fourth quarter. The company reported its last quarter on Sep 16. Swiss National Bank boosted its stake in Encana Corporation by 11.9% in the third quarter.

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The stock now has its Annual Dividend of $0.06 and an annual Dividend Yield of 0.47 Percent.

Encana chief executive Doug Suttles says the progress that was made in the fourth quarter will carry into 2017 - allowing the company to significantly increase production throughout the year and to improve its profit margins.

The 2016 full-year loss, which Encana reports in USA currency, included $1.4 billion of asset writedowns - substantially less than in 2015, when Encana recorded US$6.47 billion of impairments reflecting the reduced value of its assets.

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs).

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