The Encana Corporation (NYSE:ECA) is going up by 2.40% in today’s trading session, a rise equivalent to 0.1% of the stock’s price from yesterday’s market close. A news came out on 09/10/19 stating that (PR) Encana Names Michael McAllister President; Brendan McCracken and Greg Givens Promoted to Executive Leadership Team by WSJ. The lowest point that the shares touched during the trading session was $4.14, while the peak of the day was recorded at a share price of $4.31. ECA finished the previous session at $4.16 according to the data provided by Barchart, while the trading volume was observed to be $9098640.
In the 100 days of trading, ECA managed to top a 4.75% Moving average. Additionally, Encana Corporation shares have achieved a 52-week range between 3.92 and 12.58 alongside 100 days raw stochastic set at 17.79%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.30B, equal to the value of $5.39B in market capitalization. In the last 30 days, Encana Corporation shares went down by -26.17%, adding 5.75 to growth in value, on top of a +2.55% boost since 09/10/19.
Encana Corporation (NYSE:ECA) Analyst’s Estimates
Encana Corporation (ECA) could record at least $0.16 per share in quarterly earnings in the upcoming report on 11/01/2019, a number that would actually represent an increase of 0.72 YOY.
According to the average analyst rating, Encana Corporation would be rated as Overweight. Out of 33 different analysts monitoring ECA stock, 19 analysts rate the stock as a BUY, 12 suggest to give the rating of HOLD, 2 indicate that ECA is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 23, 2019, the stock earned a Initiated rating due to a new analyst call from Macquarie, while analysts from SunTrust believe that the stock is set at Hold, as concluded on July 30, 2019. Bernstein, is still rather wary about the stock, deciding to keep the rating at Mkt Perform as confirmed through a call on May 01, 2019.
Regardless of the rating, JP Morgan did increase their price to $12 as they are considering target share price analysis. Citigroup, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on March 18, 2019, giving the stock a Buy rating.
ECA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +28.66% has been attained, while the operating margin has been recorded at +23.15%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.91%. Beta value of the stock is recorded at 2.01. Additionally, Encana Corporation is recording price volatility of 5.30% for the period of the last seven days and 5.02% in the last 30 days.
Encana Corporation (NYSE:ECA) Technical Outlook
For the period of the last 50 days, Encana Corporation had its Raw Stochastic average set at 17.79% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 6.55%. Stochastic %K for Encana Corporation, with the last 20 days included, was set at 2.81%, having Stochastic %D topping 7.73%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Encana Corporation stocks with recording -28.03% in metrics.
Encana Corporation Insider Watch:
Similarly, 57.22% of the company’s float is held by institutions – and there are 621 institutions in total holding shares of this company. The top three institutional holders of ECA stocks are: Causeway Capital Management LLC with ownership of $634.68 million, which is approximately 123720000 of the company’s shares; Wellington Management Company, LLP, holding 103954424 shares of the stock with an approximate value of $533.29 million; and Davis Selected Advisers, LP, currently with more than 50296797 shares of the company valued at $258.02 million. Positions in Encana Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 16 insider purchases amounting to 193450 shares.