Encana Corp (NYSE:ECA) (TSE:ECA) insider Douglas James Suttles bought 5,000 shares of Encana stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $6.42 per share, for a total transaction of $32,100.00. Following the acquisition, the insider now directly owns 154,212 shares in the company, valued at approximately $990,041.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Douglas James Suttles also recently made the following trade(s):
- On Tuesday, November 20th, Douglas James Suttles bought 5,000 shares of Encana stock. The shares were acquired at an average price of $7.04 per share, for a total transaction of $35,200.00.
- On Monday, November 5th, Douglas James Suttles bought 50,000 shares of Encana stock. The shares were acquired at an average price of $8.83 per share, for a total transaction of $441,500.00.
- On Monday, September 10th, Douglas James Suttles bought 1,000 shares of Encana stock. The shares were acquired at an average price of $12.20 per share, for a total transaction of $12,200.00.
Shares of ECA stock opened at $6.43 on Friday. Encana Corp has a 12 month low of $6.31 and a 12 month high of $14.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.38 and a beta of 2.06.
Encana (NYSE:ECA) (TSE:ECA) last issued its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Encana had a negative net margin of 3.98% and a positive return on equity of 9.53%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Sell-side analysts forecast that Encana Corp will post 0.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.93%. Encana’s dividend payout ratio (DPR) is presently 13.95%.
Several equities analysts recently weighed in on ECA shares. Bank of America started coverage on shares of Encana in a report on Tuesday, September 18th. They set a “buy” rating and a $19.00 target price on the stock. CIBC started coverage on shares of Encana in a report on Friday, October 5th. They set a “neutral” rating on the stock. BMO Capital Markets restated a “buy” rating and set a $18.00 target price on shares of Encana in a report on Thursday, October 11th. ValuEngine lowered shares of Encana from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, Morgan Stanley set a $19.00 target price on shares of Encana and gave the company a “buy” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.81.
Several institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC raised its stake in shares of Encana by 3.6% in the 3rd quarter. Clearbridge Investments LLC now owns 6,539,550 shares of the oil and gas company’s stock valued at $85,734,000 after purchasing an additional 228,810 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Encana by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,398,158 shares of the oil and gas company’s stock valued at $346,081,000 after purchasing an additional 561,436 shares in the last quarter. Csenge Advisory Group acquired a new stake in shares of Encana in the 3rd quarter valued at about $124,000. Nordea Investment Management AB acquired a new stake in shares of Encana in the 3rd quarter valued at about $28,529,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Encana by 59.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 39,240 shares of the oil and gas company’s stock valued at $515,000 after purchasing an additional 14,684 shares in the last quarter. Institutional investors and hedge funds own 68.12% 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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