Encana Corp (ECA) Insider Buys $32,100.00 in Stock

Encana Corp (NYSE:ECA) (TSE:ECA) insider Douglas James Suttles acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $6.42 per share, with a total value of $32,100.00. Following the completion of the transaction, the insider now owns 154,212 shares of the company’s stock, valued at approximately $990,041.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Douglas James Suttles also recently made the following trade(s):

  • On Tuesday, November 20th, Douglas James Suttles acquired 5,000 shares of Encana stock. The shares were purchased at an average price of $7.04 per share, with a total value of $35,200.00.
  • On Monday, November 5th, Douglas James Suttles acquired 50,000 shares of Encana stock. The shares were purchased at an average price of $8.83 per share, with a total value of $441,500.00.
  • On Monday, September 10th, Douglas James Suttles acquired 1,000 shares of Encana stock. The shares were purchased at an average price of $12.20 per share, with a total value of $12,200.00.

Shares of ECA traded down $0.28 during trading on Thursday, reaching $6.47. 30,665,941 shares of the company traded hands, compared to its average volume of 11,896,345. Encana Corp has a twelve month low of $6.31 and a twelve month high of $14.31. The stock has a market cap of $6.43 billion, a PE ratio of 15.05, a P/E/G ratio of 0.39 and a beta of 2.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.70 and a quick ratio of 0.70.

Encana (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings results 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. Encana had a negative net margin of 3.98% and a positive return on equity of 9.53%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. As a group, sell-side analysts expect that Encana Corp will post 0.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, December 13th. Encana’s dividend payout ratio is presently 13.95%.

Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC grew its holdings in shares of Encana by 421.1% in the third quarter. Riverhead Capital Management LLC now owns 8,338 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 6,738 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Encana in the third quarter valued at approximately $196,000. Edgestream Partners L.P. acquired a new position in shares of Encana in the second quarter valued at approximately $209,000. Csenge Advisory Group acquired a new position in shares of Encana in the third quarter valued at approximately $124,000. Finally, Freestone Capital Holdings LLC purchased a new position in Encana in the third quarter worth approximately $223,000. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Several research firms recently issued reports on ECA. CIBC began coverage on shares of Encana in a research report on Friday, October 5th. They set a “neutral” rating for the company. Bank of America began coverage on shares of Encana in a research report on Tuesday, September 18th. They set a “buy” rating and a $19.00 price objective for the company. BMO Capital Markets restated a “buy” rating and set a $18.00 price objective on shares of Encana in a research report on Thursday, October 11th. Morgan Stanley set a $19.00 price objective on shares of Encana and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, ValuEngine cut shares of Encana from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Two research 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 stock presently has a consensus rating of “Hold” and an average price target of $14.81.

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

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