Encana Corp (NYSE:ECA) (TSE:ECA) shares hit a new 52-week high on Monday . The company traded as high as $9.65 and last traded at $9.23, with a volume of 5566899 shares trading hands. The stock had previously closed at $10.19.
The business’s 50 day moving average is $10.59 and its two-hundred day moving average is $8.19. The firm has a market capitalization of $11.99 billion, a PE ratio of 7.50, a P/E/G ratio of 0.66 and a beta of 2.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.82.
A hedge fund recently raised its stake in Encana stock. Amundi Pioneer Asset Management Inc. grew its holdings in Encana Corp (NYSE:ECA) (TSE:ECA) by 318.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 797,623 shares of the oil and gas company’s stock after acquiring an additional 606,969 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.06% of Encana worth $5,775,000 at the end of the most recent reporting period. 73.52% of the stock is currently owned by institutional investors.
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.
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