Encana (TSE:ECA) Reaches New 1-Year Low at $5.24

Encana Corp (TSE:ECA) (NYSE:ECA) shares reached a new 52-week low on Monday . The company traded as low as C$5.24 and last traded at C$5.32, with a volume of 1361805 shares trading hands. The stock had previously closed at C$5.35.

A number of equities research analysts recently weighed in on the stock. Cormark lowered their price target on shares of Encana from C$15.00 to C$13.00 in a report on Tuesday, July 9th. National Bank Financial lowered their price target on shares of Encana from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Encana from C$11.00 to C$9.00 in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$10.29.

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 $7.11 billion and a P/E ratio of 5.21. The stock’s 50 day simple moving average is C$6.07 and its 200 day simple moving average is C$7.06.

Encana (TSE:ECA) (NYSE:ECA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.28 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.22 by C$0.06. The company had revenue of C$2.75 billion for the quarter, compared to the consensus estimate of C$2.28 billion. On average, sell-side analysts expect that Encana Corp will post 1.0299999 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 1.87%. Encana’s dividend payout ratio (DPR) is 6.58%.

Encana Company Profile (TSE:ECA)

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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