Traders Alert: Encana Corporation (NYSE:ECA), Tesla Motors, Inc. (NASDAQ:TSLA)

Encana Corp

BMO Capital Markets reaffirmed a "buy" rating and set a $14.00 price target on shares of Encana Corporation in a report on Friday, November 4th.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Vetr raised shares of Encana Corporation from a sell rating to a hold rating and set a $10.74 price objective for the company in a research note on Monday, October 24th. The median estimate represents a +16.64% increase from the last price of 12.86.

The buoyancy in the outlook of Encana Corporation (ECA) is getting weaker by the somewhat negative sentiment (2.40 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sell. Encana Corporation presently has an average rating of "Buy" and a consensus price target of $13.82.

Encana Corporation (NYSE:ECA) is trading down on a volume of 20.03 million, or 1.75 times its standard daily volume. The stock is now trading 23.82 percent higher from its SMA-50. The Stock has a 52-Week High of $13.85 and 52-Week Low of $3 following the dates, it touched its 52-Week High on Jan 26, 2017 and 52-Week Low on Feb 23, 2016. The stock recently closed its previous session at $12.66 by showing a percentage change of -1.09% from its previous day closing price of $12.8.

Encana Corporation (NYSE:ECA) last ended at $12.66, sending the company's market cap near $12.23B. Wall Street had anticipated $714.24M and $-0.09, respectively. The Return on Investment (ROI) is at -30.1% while it's Return on Equity (ROE) value stands at -22.4%. EPS or Earning per Share stands at $-1.51.

The stock was assessed in terms of profitability as current quarter EPS estimate trends showed $0.96 at current month while compared with $1 in a month ago. J P Morgan Chase & Co started coverage on Encana Corporation in a report on Wednesday. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of USA and global copyright legislation. SocieteGenerale has been covering shares of ECA, so it is most recent view is worth a look. Murphy Pohlad Asset Management LLC boosted its position in shares of Encana Corporation by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company's stock valued at $126,000 after buying an additional 375 shares during the last quarter.

Now insiders hold 575,164 shares in the business which makes up 0.06% of shares.

Encana chief executive Doug Suttles says the progress that was made in the fourth quarter will carry into 2017 - allowing the company to significantly increase production throughout the year and to improve its profit margins. The company has grown 22.59% in past 3 months and in the last five trades has moved up 8.52%.

The biggest institutional shareholders in Encana Corporation include Viking Global Investors LP which owns 87 million shares in the company valued at $909.06 million.

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). All of its reserves and production are located in North America.

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