Arosa Capital Management Lp decreased its stake in Encana Corp (Call) (ECA) by 30.33% based on its latest 2016Q4 regulatory filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock valued at $233,000 after buying an additional 124 shares during the period. World Asset Management Inc raised its position in Encana Corporation by 4.0% in the first quarter.
Turning to Encana Corporation (NYSE:ECA), its shares were trading at $9.53 a retreat of $-0.16, on the trading floor. Whereas, in last 21 trading days (one month) was moved up 0.85% and moved down in last 63 trading days (quarter) of -15.81%. Finally, BlueCrest Capital Management Ltd raised its position in Encana Corporation by 600.0% in the first quarter. BlackRock Inc. now owns 25,264,984 shares of the oil and gas company's stock valued at $222,330,000 after buying an additional 3,368,871 shares in the last quarter. Institutional investors own 73.08% of the company's stock.
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Encana Corporation (ECA)'s average Piotroski F-Score: 7 during the last 7 years. The firm's stock has a market capitalization of $9.27 bln. Current trade price levels places ECA's stock about -31.62% away from the 52-week high and closed 18.23% away from the 52-week low.
At the present time, shares of Encana Corporation (ECA) are worth at $9.53. The oil and gas company reported $0.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.15. The Higher end of the revenue forecast is $1.02 Billion, while the Lower end of the forecast is $798.16 Million. Net profit margin of Encana Corporation (ECA) was recorded at 19.1 percent, operating profit margin was 21.9 percent, while gross profit margin stands at 65.6 percent. However the company reported $0.04 earnings per share for the same quarter during previous year.
Many analysts have provided their estimated foresights on Encana Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $0.08.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. The ex-dividend date of this dividend is Thursday, September 14th. And on annual basis, the fiscal year 2017 current estimate trend was $0.38 as compared to three months ago trend estimates was $0.36. Encana Corporation has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. The Return on Investment (ROI) ratio of Encana Corporation (ECA) is -9.6 percent. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and global copyright and trademark legislation. The original version of this article can be read at https://stocknewstimes.com/2017/08/15/janney-montgomery-scott-llc-purchases-26155-shares-of-encana-corporation-nyseeca.html. Wall Street is only getting neutral on the stock, with 1 of analysts who cover ASB having a buy-equivalent rating. Scotiabank reissued an "underperform" rating and issued a C$15.00 target price on shares of Encana Corp in a research note on Thursday, April 20th. AltaCorp Capital upgraded Encana Corporation from a sector perform rating to an outperform rating in a report on Monday, July 24th. Finally, BMO Capital Markets set a $13.00 price target on shares of Encana Corporation and gave the company a "buy" rating in a research report on Tuesday, May 2nd. TD Securities maintained the stock with "Hold" rating in Tuesday, June 13 report. The company was maintained on Tuesday, June 20 by Canaccord Genuity. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the stock. On Thursday, October 6 the stock rating was upgraded by GMP Securities to "Buy".
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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