After Reaching Milestone, Is Encana Corporation (NYSE:ECA)'s Short Interest Revealing Something?

The stock had a trading volume of 5,410,000 shares, compared to its average volume of 8,310,000.

Headlines about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive this week, according to Accern Sentiment. The company has market cap of $1.71 billion. The average twelve-month price target among analysts that have covered the stock in the past year is $13.15. About 3.36M shares traded. It is down 61.48% since January 19, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Viking Global Investors Lp increased Encana Corp (ECA) stake by 28.32% reported in 2017Q3 SEC filing.

According to 2 stock analysts, CorMedix, Inc., is being kept at an average Outperform, rating, with at least 7.08% of shares outstanding that are now legally short sold. The hedge fund held 2.73 million shares of the oil & gas production company at the end of 2017Q3, valued at $32.14 million, up from 2.37 million at the end of the previous reported quarter. Bamco Inc who had been investing in Encana Corp for a number of months, seems to be less bullish one the $12.91B market cap company.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 25.82%, and has a solid year to date (YTD) performance of 1.95% which means that the stock is constantly adding to its value from the previous fiscal year end price. Encana has a 52 week low of $8.01 and a 52 week high of $14.31. It has outperformed by 33.43% the S&P500.

Encana (NYSE:ECA) (TSE:ECA) last released its quarterly earnings data on Wednesday, November 8th.

The company now has an insider ownership of 0.08 Percent and Institutional ownership of 67.2 Percent. T_ECA's profit would be $136.24M giving it 30.16 P/E if the $0.14 EPS is correct. Encana had a return on equity of 17.15% and a net margin of 34.15%. equities analysts forecast that Encana will post 0.43 EPS for the current fiscal year.

Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 59% are positive. Encana Corporation had 117 analyst reports since July 21, 2015 according to SRatingsIntel. Scotia Capital has "Underperform" rating and $12 target. Stockholders of record on Friday, December 15th were given a $0.015 dividend. The firm has "Buy" rating by UBS given on Thursday, March 23.

Encana Corporation (ECA) has a Return on Assets of 5.2 percent, Return on Investment of -9.6 percent and a Return on Equity of 11.7 percent. $12.91's average target is -5.00% below currents $13.59 stock price. The rating was maintained by Deutsche Bank on Thursday, October 6 with "Buy". Taking notice on volatility measures, price volatility of stock was 3.23% for a week and 3.26% for a month. On Tuesday, August 29 the stock rating was maintained by Jefferies with "Buy".

ECA's mean recommendation on Reuter's scale has been revised downward from 2.04 thirty days ago to 1.93 now. Altacorp has "Buy" rating and $1300 target. As per Tuesday, January 26, the company rating was downgraded by UBS.

I-G Investment Management Ltd decreased Schlumberger Ltd (NYSE:SLB) stake by 280,450 shares to 731,700 valued at $51.04 million in 2017Q3. It also increased its holding in Target Corp (NYSE:TGT) by 8,285 shares in the quarter, for a total of 39,113 shares, and has risen its stake in Discovery Communicatns New (NASDAQ:DISCA). Entertainment had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Friday, February 17 by TD Securities. The firm has "Hold" rating by Desjardins Securities given on Wednesday, September 27. 2 analysts gave its stock an Outperform rating. GMP Securities upgraded the shares of ECA in report on Thursday, October 6 to "Buy" rating. Citigroup maintained it with "Neutral" rating and $160 target in Tuesday, October 18 report. As per Wednesday, September 27, the company rating was maintained by BMO Capital Markets.

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