Encana Corp (NYSE:ECA) (TSE:ECA) insider Douglas James Suttles purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The stock was bought at an average price of $10.93 per share, with a total value of $21,860.00. Following the completion of the transaction, the insider now directly owns 82,212 shares of the company’s stock, valued at $898,577.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Douglas James Suttles also recently made the following trade(s):
- On Wednesday, February 28th, Douglas James Suttles purchased 1,000 shares of Encana stock. The stock was bought at an average price of $10.66 per share, with a total value of $10,660.00.
- On Wednesday, February 21st, Douglas James Suttles purchased 2,000 shares of Encana stock. The stock was bought at an average price of $10.66 per share, with a total value of $21,320.00.
- On Friday, February 16th, Douglas James Suttles purchased 2,000 shares of Encana stock. The stock was bought at an average price of $11.16 per share, with a total value of $22,320.00.
NYSE:ECA opened at $11.00 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 1.37. Encana Corp has a one year low of $8.01 and a one year high of $14.31. The company has a market capitalization of $10,680.98, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13.
Encana declared that its board has approved a share repurchase program on Thursday, February 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, March 14th. Encana’s dividend payout ratio (DPR) is 13.95%.
A number of large investors have recently added to or reduced their stakes in ECA. Virtu Financial LLC acquired a new position in Encana during the third quarter worth $131,000. Klingenstein Fields & Co. LLC acquired a new position in Encana during the fourth quarter worth $143,000. Prospera Financial Services Inc acquired a new position in Encana during the fourth quarter worth $153,000. Krilogy Financial LLC acquired a new position in Encana during the third quarter worth $165,000. Finally, Bank of Nova Scotia Trust Co. acquired a new position in Encana during the third quarter worth $173,000. Institutional investors own 68.48% of the company’s stock.
A number of research firms have recently issued reports on ECA. AltaCorp Capital upgraded Encana from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Jefferies Group set a $17.00 price target on Encana and gave the company a “buy” rating in a research report on Tuesday, January 30th. Societe Generale upgraded Encana from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, February 15th. They noted that the move was a valuation call. Morgan Stanley upgraded Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a research report on Wednesday, January 24th. Finally, Desjardins upgraded Encana from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.39.
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Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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