Encana (ECA) Trading Up 0.1%

Encana Corp (TSE:ECA) (NYSE:ECA)’s share price was up 0.1% during trading on Wednesday . The stock traded as high as C$14.54 and last traded at C$14.42. Approximately 2,512,566 shares traded hands during trading, a decline of 43% from the average daily volume of 4,406,692 shares. The stock had previously closed at C$14.41.

Several equities analysts recently commented on ECA shares. Raymond James Financial boosted their price target on Encana to C$20.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 20th. Scotiabank boosted their price target on Encana to C$16.25 and gave the stock a “sector perform” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$16.20.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.019 per share. The ex-dividend date is Thursday, December 14th. This is a positive change from Encana’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.48%. Encana’s payout ratio is 5.88%.

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About Encana

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. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

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