Encana Corp (NYSE:ECA) shares traded 2% up during most recent session to reach at the closing price of $6.62. The stock exchanged hands 38.15 Million shares versus average trading capacity of 26.05 Million shares, yielding a market cap of $6.32 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $13.53 within the next 52-weeks. The mean target projections are based on 29 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Encana Corp (NYSE:ECA) high price target of $21 and with a conservative view have low price target of $6.75.
Macquarie “Downgrades” Encana Corp (NYSE:ECA) in a research note issued to investors on 11/28/18 to Neutral with price target of $0.
Additionally on 11/20/18 Morgan Stanley “Maintained” Encana Corp (NYSE:ECA) to Equal-Weight setting price target at $11 and on 11/05/18 BMO Capital “Downgrades” the stock to Market Perform at $12. Furthermore on 11/05/18 Morgan Stanley “Downgrades” the stock to Equal-Weight at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 54.75 along with Average True Range (ATR 14) of 0.37, Consequently Encana Corp (NYSE:ECA)’s weekly and monthly volatility is 5.56%, 6.15% respectively. The company’s beta value is at 2.
In terms of Buy, Sell or Hold recommendations, Encana Corp (NYSE:ECA) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Encana Corp (NYSE:ECA)’s minimum EPS for the current quarter is at $0.05 and can go high up to $0.43. The consensus mean EPS for the current quarter is at $0.19 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.12 earnings per share for the same quarter during last year.
Previously Encana Corp (NYSE:ECA) reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company posted an earnings surprise of 30.8%.
Encana Corp (NYSE:ECA)’s revenue estimates for the current quarter are $1.45 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $1.53 Billion in contradiction of low revenue estimates of $1.35 Billion. For the current year the company’s revenue estimates are $5.06 Billion compared to low analyst estimates of $4.75 Billion and high estimates of $5.74 Billion according to 9 number of analysts.
Currently Encana Corp (NYSE:ECA)’s shares owned by insiders are 0.13%, whereas shares owned by institutional owners are 67.2%. However the six-month change in the insider ownership was recorded 30.38%, as well as three-month change in the institutional ownership was recorded 0%.
Encana Corp (NYSE:ECA)’s trailing twelve month revenues are $4.77 Billion, whereas its price to sales ratio for the same period is 1.33. Its book value per share for the most recent quarter is $6.8 while its price to book ratio for the same period is 0.97, as for as the company’s cash per share for the most recent quarter is $0.64, however its price to cash per share ratio for the same period is 10.28. The stock has 5 year expected PEG ratio of 1.03 whereas its trailing twelve month P/E ratio is 47.29.