Royal Bank Of Canada Raises Encana Corp (ECA) Price Target to C$16.25

Encana Corp (TSE:ECA) (NYSE:ECA) had its price objective raised by Royal Bank Of Canada to C$16.25 in a research note issued to investors on Monday, July 24th, reports. They currently have an outperform rating on the stock.

ECA has been the topic of a number of other research reports. TD Securities lowered their target price on Encana Corp to C$15.50 and set a hold rating on the stock in a report on Tuesday, June 13th. AltaCorp Capital reaffirmed a sector perform rating on shares of Encana Corp in a report on Tuesday, May 2nd. Scotiabank reaffirmed an underperform rating and issued a C$15.00 target price on shares of Encana Corp in a report on Thursday, April 20th. Raymond James Financial, Inc. initiated coverage on Encana Corp in a report on Wednesday, May 31st. They issued an outperform rating and a C$20.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$13.00 target price on shares of Encana Corp in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$16.35.

Encana Corp (TSE:ECA) traded up 0.44% during trading on Monday, reaching $11.54. The company’s stock had a trading volume of 4,252,258 shares. The firm has a market capitalization of $11.23 billion and a price-to-earnings ratio of 13.75. Encana Corp has a 52-week low of $10.54 and a 52-week high of $18.13. The stock’s 50-day moving average is $12.00 and its 200 day moving average is $13.89.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, September 14th.

About Encana Corp

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia.

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