Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 1.09 in total earnings per share. Encana reported sales of $1.30 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 12.3%. Guardian Capital LP grew its stake in shares of Encana by 39.7% in the third quarter. Encana Corporation had 126 analyst reports since July 21, 2015 according to SRatingsIntel.
Encana (NYSE:ECA) (TSE:ECA) last released its quarterly earnings results on Thursday, February 15th. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.06 billion. Accern also gave media stories about the oil and gas company an impact score of 46.551527759078 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Research analysts expect Encana to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.5%. KLR Group upgraded the shares of ECA in report on Monday, November 7 to "Buy" rating. National Bank Financial lifted their target price on shares of Encana from $14.50 to $18.00 and gave the company an "outperform" rating in a report on Tuesday, January 9th. On Wednesday, October 18 the stock rating was maintained by Altacorp with "Buy". The rating was maintained by Canaccord Genuity on Wednesday, September 27 with "Buy". The company has an average rating of "Buy" and an average price target of $15.33.
Encana Corp (NYSE ECA) traded up $0.22 during mid-day trading on Tuesday, hitting $11.18. Many market traders also use moving averages to determine profitable entry and exit points into specific securities.
Based on a recent bid, the stock is trading -23.41% away from its 52-week high and 36.83% away from its 52 week low. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,860.06, a P/E ratio of 13.40, a PEG ratio of 1.51 and a beta of 2.13.
Encana announced that its Board of Directors has approved a stock buyback program on Thursday, February 15th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.
Shareholders of record on Thursday, March 15th will be paid a dividend of 0.015 per share by the oil and gas company on Thursday, March 29th. The ex-dividend date is Wednesday, March 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.54%. BlackRock Inc. grew its stake in shares of Encana by 3.8% in the fourth quarter.
In other news, Director Howard John Mayson purchased 2,500 shares of the company's stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of $10.53 per share, for a total transaction of $26,325.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Suzanne P. Nimocks bought 5,000 shares of the stock in a transaction on Wednesday, February 21st. Following the completion of the transaction, the director now owns 22,000 shares in the company, valued at approximately $245,520. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 22,500 shares of company stock valued at $245,325.
Several hedge funds have recently added to or reduced their stakes in the company.
Oberweis Asset Management Inc decreased Ceva Inc. Ameriprise Financial Inc. now owns 124,266 shares of the oil and gas company's stock worth $1,464,000 after acquiring an additional 65,508 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Encana by 481.4% in the fourth quarter. Guardian Capital LP now owns 7,302,829 shares of the oil and gas company's stock worth $85,750,000 after buying an additional 2,076,822 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Encana by 481.4% in the 4th quarter. Shares of the company have performed -5.68% over the last quarter and moved 2.53% over the last twelve months. They issued a "buy" rating for the company. Institutional investors own 68.47% of the company's stock.
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.
On The Other side Encana Corporation a Canada based Company, belongs to Basic Materials sector and Major Integrated Oil & Gas industry.
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