Encana (ECA) Earning Somewhat Positive Press Coverage, Report Shows
Headlines about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Encana earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.5570248967966 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Analysts Expect Encana Corp (ECA) Will Post Earnings of $0.15 Per Share (americanbankingnews.com)
- Stock Traders Buy Large Volume of Encana Call Options (ECA) (americanbankingnews.com)
- Encana Corporation (ECA) (finance.yahoo.com)
- Focus on Analyst Recommendation: Encana Corporation (ECA) (talktraders.com)
- Varying Three Stocks: Encana Corporation (NYSE:ECA), Deere & Company (NYSE:DE), Nevsun Resources Ltd … (thestreetpoint.com)
Shares of ECA stock traded up $0.08 on Friday, reaching $12.17. 6,334,772 shares of the company were exchanged, compared to its average volume of 6,469,682. The stock has a market capitalization of $11.71 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.67 and a beta of 2.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.57. Encana has a 1 year low of $9.79 and a 1 year high of $14.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, September 13th. This is a boost from Encana’s previous quarterly dividend of $0.02. Encana’s dividend payout ratio is currently 13.95%.
Several brokerages recently issued reports on ECA. ValuEngine raised shares of Encana from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research raised shares of Encana from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 price target on shares of Encana in a report on Thursday, July 12th. National Bank Financial cut their price target on shares of Encana from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Finally, Morgan Stanley lifted their price objective on shares of Encana from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 23rd. Two analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.08.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern 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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