Encana Corp (TSE:ECA) (NYSE:ECA) Director Douglas James Suttles acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of C$14.27 per share, for a total transaction of C$14,270.00.
Shares of Encana Corp (TSE ECA) opened at C$17.30 on Thursday. The firm has a market cap of $16,830.00, a P/E ratio of 17.47 and a beta of 1.77. Encana Corp has a 1-year low of C$10.54 and a 1-year high of C$18.13.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.019 dividend. This is a positive change from Encana’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%. Encana’s dividend payout ratio (DPR) is currently 6.06%.
ECA has been the topic of several analyst reports. Scotiabank increased their price objective on shares of Encana to C$16.25 and gave the company a “sector perform” rating in a report on Friday, October 20th. Raymond James Financial increased their price objective on shares of Encana to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$16.20.
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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. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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