Encana Corp (NYSE:ECA) (TSE:ECA) COO Michael Gerard Mcallister purchased 8,655 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average cost of $8.77 per share, with a total value of $75,904.35. Following the completion of the transaction, the chief operating officer now owns 25,677 shares in the company, valued at $225,187.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE:ECA opened at $8.88 on Tuesday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.78 and a beta of 2.15. 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 fifty-two week low of $8.44 and a fifty-two week high of $14.31.
Encana (NYSE:ECA) (TSE:ECA) last released its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Encana had a negative net margin of 3.98% and a positive return on equity of 9.46%. Equities research analysts expect that Encana Corp will post 0.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.015 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.68%. Encana’s dividend payout ratio is currently 13.95%.
A number of research analysts recently issued reports on ECA shares. BMO Capital Markets reissued a “buy” rating and set a $18.00 price target on shares of Encana in a research report on Thursday, October 11th. Bank of America started coverage on shares of Encana in a research report on Tuesday, September 18th. They set a “buy” rating and a $19.00 price target for the company. CIBC started coverage on shares of Encana in a research report on Friday, October 5th. They set a “neutral” rating for the company. TD Securities set a $17.00 price target on shares of Encana and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research raised shares of Encana from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. Encana presently has an average rating of “Buy” and a consensus target price of $15.14.
Large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Encana by 34.2% during the 2nd quarter. Morgan Stanley now owns 19,464,355 shares of the oil and gas company’s stock valued at $254,011,000 after purchasing an additional 4,962,470 shares in the last quarter. Putnam Investments LLC increased its stake in Encana by 4.8% during the 2nd quarter. Putnam Investments LLC now owns 967,998 shares of the oil and gas company’s stock valued at $12,633,000 after purchasing an additional 44,670 shares in the last quarter. Tuttle Tactical Management increased its stake in Encana by 434.6% during the 2nd quarter. Tuttle Tactical Management now owns 79,120 shares of the oil and gas company’s stock valued at $1,032,000 after purchasing an additional 64,320 shares in the last quarter. Precocity Capital LP increased its stake in Encana by 158.3% during the 2nd quarter. Precocity Capital LP now owns 1,550,000 shares of the oil and gas company’s stock valued at $20,228,000 after purchasing an additional 950,000 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Encana by 25.7% during the 1st quarter. Guggenheim Capital LLC now owns 47,981 shares of the oil and gas company’s stock valued at $528,000 after purchasing an additional 9,810 shares in the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
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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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