Short Interest in Encana Corporation (NYSE:ECA) Expands By 19.8%

Source Veresen Midstream

Encana Corporation (ECA) shows its Return on Assets (ROA) value of 5.4 percent, while the Return on Equity (ROE) value is 12.4 percent and Return on Investment (ROI) value stands at -9.6 percent.

Tcf Financial Corporation (NYSE:TCF) had an increase of 19.55% in short interest. Currently, Encana Corporation (NYSE:ECA) has an average volume of 12.04 Million. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since September 28, 2016 and is uptrending. The stock has a market capitalization of $11.48 billion, a P/E ratio of 14.06 and a beta of 2.06.

Moving toward other technical indicators, stock is wondering in considerable region as it has 20 days moving average of 15.39% and struggles for 50 days moving average of buoyant run is 17.16%. Encana Corporation has been given an analysts' mean target of 13.12.

Encana Corporation (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.15.

In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for Encana Corporation as 875.09 Million.

Delineated as the total market value of all outstanding shares of the company, the current market cap for Encana Corporation is valued at 11.05B. Equities research analysts expect that Encana Corporation will post $0.51 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. The dividend yield will be $0.53.

Encana Corporation's insider ownership stands at 0.08 percent, while its insider transaction is 0.39 percent.

Encana Corporation (NYSE:ECA)[Trend Analysis] persists its position active in context of investors' investment valuation, price per shares ascend 1.43% to $11.41 with volume of 618973. The share last price represents downtick move of -16.46% in value from company's 52-Week high price and shows 44.44% above change in value from its 52-Week low price.

Traders are more bearish on shares of Encana Corporation recently if you take note of the motion in short interest. They set an outperform rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company. 2 analysts gave its stock an Outperform rating. For the quarter, shares have been noted at 3.29%. Causeway Capital Management LLC raised its holdings in shares of Encana Corporation by 95.2% in the 1st quarter. Vanguard Group Inc. now owns 22,637,700 shares of the oil and gas company's stock worth $265,086,000 after acquiring an additional 994,074 shares during the period. Its up 19.55% from 4.09M shares previously. Canada Pension Plan Investment Board raised its holdings in Encana Corporation by 470.1% during the first quarter. Causeway Capital Management LLC now owns 48,768,776 shares of the oil and gas company's stock worth $571,082,000 after buying an additional 23,779,815 shares in the last quarter. Finally, Steadfast Capital Management LP lifted its position in Encana Corporation by 12.2% during the 1st quarter. Point72 Asset Management, L.p. owns 6,170,064 shares with a value of $54,297,000.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law.

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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