Encana Corp (NYSE:ECA) (TSE:ECA) insider Douglas James Suttles purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $7.04 per share, with a total value of $35,200.00. Following the acquisition, the insider now owns 149,212 shares in the company, valued at approximately $1,050,452.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Shares of Encana stock traded down $0.54 on Tuesday, hitting $7.06. 32,127,486 shares of the company traded hands, compared to its average volume of 34,232,400. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.70. Encana Corp has a 52 week low of $7.41 and a 52 week high of $14.31. The company has a market capitalization of $7.26 billion, a PE ratio of 16.42, a P/E/G ratio of 0.65 and a beta of 2.15.

Encana (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, analysts forecast that Encana Corp will post 0.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, December 13th. Encana’s dividend payout ratio is presently 13.95%.

A number of research analysts recently commented on the stock. Morgan Stanley set a $11.00 price target on shares of Encana and gave the company a “hold” rating in a report on Tuesday. GMP Securities reaffirmed a “buy” rating on shares of Encana in a report on Thursday, November 15th. Zacks Investment Research reaffirmed a “hold” rating on shares of Encana in a report on Tuesday, November 13th. Canaccord Genuity reaffirmed an “average” rating on shares of Encana in a report on Wednesday, November 7th. Finally, AltaCorp Capital downgraded shares of Encana from an “outperform” rating to a “sector perform” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Encana has an average rating of “Buy” and an average target price of $14.92.

Several institutional investors have recently bought and sold shares of ECA. Guggenheim Capital LLC raised its stake in shares of Encana by 25.7% during the first quarter. Guggenheim Capital LLC now owns 47,981 shares of the oil and gas company’s stock valued at $528,000 after acquiring an additional 9,810 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Encana by 18.3% during the second quarter. Fred Alger Management Inc. now owns 396,428 shares of the oil and gas company’s stock valued at $5,173,000 after buying an additional 61,313 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Encana during the second quarter valued at approximately $3,870,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Encana by 274.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,002 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 6,600 shares during the period. Finally, Creative Planning increased its holdings in Encana by 21.1% during the second quarter. Creative Planning now owns 60,345 shares of the oil and gas company’s stock valued at $788,000 after buying an additional 10,505 shares during the period. 66.42% of the stock is owned by hedge funds and other institutional investors.

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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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