Encana Corp (ECA) Insider Douglas James Suttles Purchases 1,000 Shares

Encana Corp (NYSE:ECA) (TSE:ECA) insider 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 $11.07 per share, for a total transaction of $11,070.00. Following the purchase, the insider now owns 76,212 shares of the company’s stock, valued at $843,666.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Encana Corp (ECA) opened at $13.80 on Thursday. Encana Corp has a 52 week low of $8.01 and a 52 week high of $14.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $13,440.00, a P/E ratio of 17.25 and a beta of 2.15.

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 $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, December 14th. Encana’s dividend payout ratio is 7.50%.

Institutional investors have recently bought and sold shares of the stock. Stevens Capital Management LP acquired a new position in Encana in the 2nd quarter worth approximately $102,000. Gotham Asset Management LLC purchased a new stake in Encana in the 2nd quarter worth approximately $109,000. Equity Investment Corp Acquisition Inc lifted its position in Encana by 5.4% in the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after buying an additional 666 shares in the last quarter. Commerce Bank purchased a new stake in Encana in the 3rd quarter worth approximately $118,000. Finally, First Allied Advisory Services Inc. lifted its position in Encana by 13.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock worth $119,000 after buying an additional 1,567 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

ECA has been the topic of several analyst reports. Macquarie upgraded shares of Encana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $10.00 to $14.50 in a report on Thursday, September 28th. Morgan Stanley increased their price objective on shares of Encana from $11.50 to $14.00 and gave the company an “equal weight” rating in a report on Friday, October 13th. Royal Bank of Canada set a $15.00 price objective on shares of Encana and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Encana from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Sanford C. Bernstein upgraded shares of Encana from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.77.

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About Encana

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.

Insider Buying and Selling by Quarter for Encana (NYSE:ECA)

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