Encana (ECA) Receives Coverage Optimism Rating of 0.20

News headlines about Encana (NYSE:ECA) (TSE:ECA) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encana earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.3256945139804 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

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A number of equities analysts have issued reports on ECA shares. Jefferies Group set a $16.00 target price on Encana and gave the stock a “buy” rating in a report on Monday, March 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 target price on shares of Encana in a report on Tuesday, January 9th. Royal Bank of Canada upped their price target on Encana from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered Encana from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, GMP Securities reiterated a “buy” rating and issued a $15.50 price target on shares of Encana in a research report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Encana currently has an average rating of “Buy” and an average target price of $15.39.

Shares of Encana stock traded up $0.48 on Friday, hitting $11.00. 9,651,545 shares of the company’s stock traded hands, compared to its average volume of 8,789,294. Encana has a one year low of $8.01 and a one year high of $14.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $10,680.98, a price-to-earnings ratio of 25.58, a PEG ratio of 1.51 and a beta of 2.13.

Encana (NYSE:ECA) (TSE:ECA) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Encana had a return on equity of 6.25% and a net margin of 18.58%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.06 billion. sell-side analysts expect that Encana will post 0.73 EPS for the current fiscal year.

Encana announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 15th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a dividend of $0.015 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.55%. Encana’s payout ratio is 13.95%.

In other news, Director Suzanne P. Nimocks purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $10.62 per share, with a total value of $53,100.00. Following the purchase, the director now owns 10,600 shares in the company, valued at $112,572. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret Anne Mckenzie purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $11.16 per share, for a total transaction of $111,600.00. Following the completion of the purchase, the director now owns 22,000 shares in the company, valued at approximately $245,520. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 24,500 shares of company stock worth $267,185. 0.08% of the stock is owned by corporate insiders.

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Encana Company Profile

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.

Insider Buying and Selling by Quarter for Encana (NYSE:ECA)

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