News stories about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Encana earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.6565369205402 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Several analysts have recently commented on the stock. AltaCorp Capital raised shares of Encana from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Morgan Stanley reduced their price objective on shares of Encana from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, April 16th. Societe Generale raised shares of Encana from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, February 15th. They noted that the move was a valuation call. Jefferies Group set a $17.00 price objective on shares of Encana and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $10.84 to $16.00 in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Encana presently has a consensus rating of “Buy” and an average price target of $15.28.
Encana traded down $0.30, hitting $13.44, during mid-day trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 7,407,000 shares, compared to its average volume of 9,457,339. Encana has a twelve month low of $8.01 and a twelve month high of $14.31. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.62. The company has a market cap of $12.94 billion, a P/E ratio of 31.26, a PEG ratio of 2.27 and a beta of 2.01.
Encana (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings results on Tuesday, May 1st. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Encana had a net margin of 12.24% and a return on equity of 6.96%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.11 billion. sell-side analysts predict that Encana will post 0.59 EPS for the current year.
Encana declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 15th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 14th. Encana’s dividend payout ratio (DPR) is presently 13.95%.
In related news, Director Suzanne P. Nimocks acquired 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $10.62 per share, for a total transaction of $53,100.00. Following the purchase, the director now owns 10,600 shares in the company, valued at $112,572. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Howard John Mayson acquired 2,500 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $10.53 per share, for a total transaction of $26,325.00. Following the completion of the purchase, the director now owns 25,104 shares in the company, valued at approximately $264,345.12. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 12,500 shares of company stock worth $133,265. Company insiders own 0.08% of the company’s stock.
Encana Company Profile
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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