Is Encana Turning Around?
With the Resources sector taking a recent drubbing, I set out to find a strong company that had been beaten down to invest a small amount of money in as a rebound or turnaround play.Â One of the bestÂ investment ideasÂ that I have foundÂ is Encana (ECA).
*Please note that this chart is in Canadian Dollars (CDN).
As you can see by the 6-month chart, Encana (ECA) appears to have leveled off above support levels and is turning around on increased volume.
ROA - 15.97%
ROEÂ - 38.08 %
Current Ratio - 0.99
Profit Margin - 46.8%
Encana’s dividend yield of 0.90% is above it’s 5-year average yield of 0.70% and have recently increased the dividend rate to $0.40 from $0.30 per share.
Please do your own due diligence.