The Steadfast Advisors Lp holds 744,016 shares with $8.74 million value, down from 861,465 last quarter.
Several institutional investors have recently made changes to their positions in ECA. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock worth $233,000 after purchasing an additional 124 shares during the period. As of the end of the quarter Point72 Asset Management, L.p. had bought a total of 3,155,164 shares growing its stake by 104.7%. The firm has a Return on Assets (ROA) value of 5.40%. Currently Encana Corporation (ECA) stock is moving with Upswing trend.
Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on November, 2. Sentinel Trust Co. LBA lifted its stake in Encana Corporation by 0.3% in the 2nd quarter. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Institutional investors and hedge funds own 66.76% of the company's stock. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/09/16/encana-corporation-eca-holdings-cut-by-howard-hughes-medical-institute.html.
The stock last traded at $10.49 which is quite a bit higher than $9.53, the 50 day moving average and which is just a bit higher than the 200 day moving average of $10.14. The Firm has ATR of 0.33 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price.
Among 28 analysts covering Encana Corporation (NYSE:ECA), 20 have Buy rating, 2 Sell and 6 Hold. Encana Corp had a negative net margin of 40.77% and a positive return on equity of 1.79%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $773.19 million.
ATH's revenue has declined at an average annualized rate of about 0% during the past five years. In the last earnings report the EPS was $0.84 and is estimated to be $0.51 for the current year with 973,095,000 shares presently outstanding.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.015 per share. The ex-dividend date has been established as Thursday the 14th of September 2017. The dividend yield will be $0.65.
Encana Corporation (ECA)'s ROE is 0%, while industry's is 15.28%. The company beat the analyst EPS Estimate with the difference of $0.08. The stock of Encana Corp (USA) (NYSE:ECA) earned "Outperform" rating by FirstEnergy Capital on Friday, December 4. Conduent had 6 analyst reports since January 12, 2017 according to SRatingsIntel. RBC Capital Markets maintained it with "Outperform" rating and $98 target in Wednesday, November 2 report.
Encana Corporation now has a P/E ratio of 12.47 and market cap is 10.18B. The stock has "Equal-Weight" rating by Barclays Capital on Wednesday, January 6.
Additionally on 3/23/17 UBS "Upgrades" Encana Corp (NYSE:ECA) to Buy setting price target at $0 and on 2/15/17 JP Morgan "Initiates Coverage On" the stock to Overweight at $16.
TRADEMARK VIOLATION WARNING: "DekaBank Deutsche Girozentrale Acquires 6,500 Shares of Encana Corporation (ECA)" was reported by Week Herald and is the property of of Week Herald. If you are reading this report on another website, it was illegally copied and reposted in violation of U.S. & global trademark and copyright laws.
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs).