Encana Corp (NYSE:ECA) (TSE:ECA) CEO Douglas James Suttles purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average cost of $8.83 per share, for a total transaction of $441,500.00. Following the completion of the transaction, the chief executive officer now directly owns 134,212 shares of the company’s stock, valued at approximately $1,185,091.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Douglas James Suttles also recently made the following trade(s):
- On Monday, September 10th, Douglas James Suttles purchased 1,000 shares of Encana stock. The shares were acquired at an average cost of $12.20 per share, for a total transaction of $12,200.00.
NYSE ECA traded up $0.33 on Monday, reaching $8.88. The stock had a trading volume of 3,050,882 shares, compared to its average volume of 21,141,860. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.73 and a quick ratio of 0.73. Encana Corp has a 1 year low of $8.44 and a 1 year high of $14.31. The company has a market capitalization of $8.14 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 0.78 and a beta of 2.15.
Encana (NYSE:ECA) (TSE:ECA) last issued its earnings results on Thursday, November 1st. The oil and gas company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Encana had a positive return on equity of 9.46% and a negative net margin of 3.98%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. On average, equities analysts anticipate that Encana Corp will post 0.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. Encana’s dividend payout ratio (DPR) is presently 13.95%.
Several research analysts recently weighed in on the company. National Bank Financial dropped their price target on Encana from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. ValuEngine raised Encana from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. TD Securities set a $17.00 price target on Encana and gave the company a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered Encana from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Desjardins reissued a “buy” rating and set a $17.00 price target on shares of Encana in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.14.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Encana by 15.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 34,320 shares of the oil and gas company’s stock worth $449,000 after acquiring an additional 4,535 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Encana by 274.8% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,002 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 6,600 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Encana by 37.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 26,310 shares of the oil and gas company’s stock worth $343,000 after acquiring an additional 7,140 shares in the last quarter. Andra AP fonden boosted its stake in shares of Encana by 4.1% during the 3rd quarter. Andra AP fonden now owns 184,700 shares of the oil and gas company’s stock worth $3,127,000 after acquiring an additional 7,200 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Encana by 15.8% during the 2nd quarter. IFP Advisors Inc now owns 56,491 shares of the oil and gas company’s stock worth $737,000 after acquiring an additional 7,726 shares in the last quarter. Institutional investors own 67.17% of the company’s stock.
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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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