Sherri Anne Brillon Buys 17,250 Shares of Encana Corp (ECA) Stock
Encana Corp (NYSE:ECA) (TSE:ECA) CFO Sherri Anne Brillon bought 17,250 shares of Encana stock in a transaction dated Thursday, November 8th. The stock was acquired at an average price of $8.85 per share, with a total value of $152,662.50. Following the completion of the transaction, the chief financial officer now directly owns 114,165 shares of the company’s stock, valued at $1,010,360.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sherri Anne Brillon also recently made the following trade(s):
- On Monday, November 5th, Sherri Anne Brillon bought 2,750 shares of Encana stock. The stock was acquired at an average price of $8.69 per share, with a total value of $23,897.50.
Encana stock opened at $8.85 on Friday. Encana Corp has a 12-month low of $8.43 and a 12-month high of $14.31. The stock has a market cap of $8.36 billion, a P/E ratio of 20.58, a PEG ratio of 0.89 and a beta of 2.15. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 0.57.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, December 13th. Encana’s payout ratio is currently 13.95%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Encana from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. AltaCorp Capital cut shares of Encana from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 2nd. ValuEngine cut shares of Encana from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. BMO Capital Markets cut shares of Encana from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $18.00 to $12.00 in a research report on Friday, November 2nd. Finally, National Bank Financial reduced their target price on shares of Encana from $22.00 to $18.50 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.14.
Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in Encana by 34.2% during the second quarter. Morgan Stanley now owns 19,464,355 shares of the oil and gas company’s stock worth $254,011,000 after purchasing an additional 4,962,470 shares during the last quarter. Putnam Investments LLC boosted its stake in Encana by 4.8% during the second quarter. Putnam Investments LLC now owns 967,998 shares of the oil and gas company’s stock worth $12,633,000 after buying an additional 44,670 shares during the period. Tuttle Tactical Management boosted its stake in Encana by 434.6% during the second quarter. Tuttle Tactical Management now owns 79,120 shares of the oil and gas company’s stock worth $1,032,000 after buying an additional 64,320 shares during the period. Precocity Capital LP boosted its stake in Encana by 158.3% during the second quarter. Precocity Capital LP now owns 1,550,000 shares of the oil and gas company’s stock worth $20,228,000 after buying an additional 950,000 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Encana by 25.7% during the first quarter. Guggenheim Capital LLC now owns 47,981 shares of the oil and gas company’s stock worth $528,000 after buying an additional 9,810 shares during the period. Hedge funds and other institutional investors own 67.17% of the company’s stock.
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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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