Encana Corp (NYSE:ECA) (TSE:ECA) Director Margaret Anne Mckenzie acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of $4.53 per share, for a total transaction of $45,300.00. Following the completion of the acquisition, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $144,960. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE:ECA traded up $0.02 during trading hours on Friday, reaching $4.36. 15,492,603 shares of the stock were exchanged, compared to its average volume of 25,187,882. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $4.36 and a two-hundred day moving average of $4.91. Encana Corp has a twelve month low of $3.81 and a twelve month high of $7.84. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 0.78 and a beta of 1.98.
Encana (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Encana had a return on equity of 10.12% and a net margin of 16.84%. On average, research analysts forecast that Encana Corp will post 0.57 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Raymond James set a $5.00 price objective on Encana and gave the company a “market perform” rating in a report on Friday, November 1st. Macquarie assumed coverage on Encana in a report on Monday, September 23rd. They issued a “neutral” rating and a $5.50 price objective on the stock. CIBC cut Encana from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $5.00 to $4.00 in a report on Thursday, October 31st. Citigroup decreased their price objective on Encana from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, TD Securities decreased their price target on Encana from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.03.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cribstone Capital Management LLC raised its stake in shares of Encana by 85.9% in the second quarter. Cribstone Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 2,270 shares in the last quarter. CWM LLC increased its holdings in Encana by 193.5% in the second quarter. CWM LLC now owns 5,268 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 3,473 shares during the last quarter. Price Wealth Management Inc. purchased a new position in Encana in the second quarter valued at $44,000. Park National Corp OH purchased a new position in Encana in the third quarter valued at $48,000. Finally, Sigma Planning Corp purchased a new position in shares of Encana during the third quarter worth about $51,000. Institutional investors and hedge funds own 71.26% 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. It holds interests in various assets, including the Montney in northeast 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.
Further Reading: Stock Symbols and CUSIP Explained
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