Stocks Movements to Focus: Encana Corporation (ECA) ,Klondex Mines Ltd. (KLDX)
- Author: Zachary Reyes Jun 04, 2017,
Jun 04, 2017, 18:15
It is important to learn the beta of a stock ahead of investing in order to structure a portfolio with risk level that is acceptable to an investor. This represents an increase of approximately 529% compared to the average volume of 3,970 call options.
ECA has been the topic of a number of other research reports. The stock has "Market Perform" rating by BMO Capital Markets on Tuesday, December 22. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since June 2, 2016 and is uptrending.
Jefferies Group LLC set a $14.00 target price on Encana Corp and gave the stock a "buy" rating in a research note on Wednesday, May 17th. Scotiabank reaffirmed an underperform rating and set a C$18.00 price objective on shares of Encana Corp in a research report on Wednesday, May 3rd. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -10.02% where SMA50 and SMA200 are -11.46% and -12.65% respectively.
In related news, Director Clayton Harvey Woitas purchased 12,300 shares of the stock in a transaction that occurred on Monday, March 13th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 26,200 shares of company stock valued at $370,896. Steadfast Capital Management LP boosted its position in shares of Encana Corp by 12.2% in the first quarter. Wetherby Asset Management Inc. now owns 23,644 shares of the oil and gas company's stock worth $277,000 after buying an additional 133 shares in the last quarter. The company has its outstanding shares of 100.19 million. Bank of Nova Scotia now owns 7,211,643 shares of the oil and gas company's stock valued at $84,492,000 after buying an additional 285,067 shares during the last quarter. BlackRock Inc. raised its stake in Encana Corp by 11,232.3% in the first quarter. During the same quarter a year ago, the company posted ($0.15) earnings per share. Hedge funds and other institutional investors own 64.57% of the company's stock. The overall volume in the last trading session was 5.08 million shares, versus the average volume of 10.42 million shares. The Market Capitalization of the company stands at 9.55 Billion. The average numbers of shares are traded in a security per day, during the recent 3-month period.
Canada based company, Encana Corporation (ECA)'s latest closing price distance was at -13.53% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -12.53% and -11.29% compared with the 20 Day Moving Average.
COPYRIGHT VIOLATION WARNING: "Zacks: Brokerages Expect Encana Corp (ECA) Will Post Earnings of $0.05 Per Share" was originally published by Transcript Daily and is the property of of Transcript Daily. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The Return on Equity (ROE) value stands at -2.3%.
The analysts forecasted Growth Estimates for the Current Quarter for ECA to be -60%. Likewise, the positive performance for the quarter was recorded as 10.02% and for the year was 19.86%, while the YTD performance remained at 0.57%.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th.