Encana Corp (USA) (NYSE:ECA), Johnson & Johnson (NYSE:JNJ)

Encana Corporation had 82 analyst reports since July 21, 2015 according to SRatingsIntel. Encana Corporation also was the target of unusually large options trading activity on Wednesday.

Several hedge funds have recently made changes to their positions in ECA.

Rite Aid Corp (NYSE:RAD) opened its previous trading session at $2.35 later Declining -3.85% to close its trade at a share price of $2.25. The firm earned "Sector Perform" rating on Tuesday, December 15 by RBC Capital Markets. First Allied Advisory Services Inc. now owns 12,359 shares of the oil and gas company's stock worth $145,000 after buying an additional 2,227 shares during the last quarter. Equity Investment Corp Acquisition Inc boosted its position in shares of Encana Corporation by 10.7% in the first quarter. Howard Hughes Medical Institute increased its stake in shares of Encana Corporation by 0.3% in the first quarter. For the quarter, shares have been noted at 22.39%. Comerica Bank now owns 116,233 shares of the oil and gas company's stock worth $1,517,000 after buying an additional 21,266 shares in the last quarter. Sensato Investors Llc sold 203,900 shares as Tata Mtrs Ltd (TTM)'s stock rose 2.96%.

Encana Corporation (ECA) stock price away from 20 day simple moving average surged at 5.37% while its distance from 50 day simple moving average declined -6.44% along with -17.68% below away from two hundred simple moving averages. Encana Corporation has a one year low of $7.45 and a one year high of $13.85.

Encana Corporation (ECA) has the market capitalization of $9.07 Billion.

07/04/2017 - Encana Corporation was upgraded to " by analysts at Raymond James. Stock investors purchased 23,027 call options on the stock.

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Encana Corporation (NYSE:ECA) (TSE:ECA) last released its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.08.

The company's Average Revenue Estimate for the current quarter is $826.69 Million, while Low and High Revenue Estimates are $769 Million and $862.66 Million respectively. The company has a Return on Assets (ROA) of -0.90%. During the same quarter in the prior year, the business earned ($0.15) EPS. The ex-dividend date was Tuesday, June 13th. This represents a $0.06 annualized dividend and a yield of 0.63%. Encana Corporation's payout ratio is now -31.58%.

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ECA has been the subject of a number of analyst reports. Macquarie cut shares of Encana Corporation from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 21st.

Covering sell-side analysts have recently weighed in on shares of Encana Corporation (NYSE:ECA). J P Morgan Chase & Co started coverage on Encana Corporation in a report on Wednesday, February 15th. Analysts set a 12-month price target of $17.6 a share. Scotiabank reissued an underperform rating and set a C$15.00 price target on shares of Encana Corp in a research note on Thursday, April 20th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays.

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