Media headlines about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Encana earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.2879350847717 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- The Hottest Oil Tech Innovations Of 2018 (baystreet.ca)
- Analysts Anticipate Encana Corp (ECA) Will Post Quarterly Sales of $1.14 Billion (americanbankingnews.com)
- Why Encana Now Could Have 50% Upside for Investors (msn.com)
- What Should You Know About Encana Corporation’s (TSE:ECA) Future? (finance.yahoo.com)
- Zacks: Brokerages Anticipate Encana Corp (ECA) Will Post Earnings of $0.17 Per Share (americanbankingnews.com)
Several analysts have issued reports on ECA shares. Jefferies Group set a $17.00 price target on shares of Encana and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price objective on shares of Encana in a report on Tuesday, January 9th. Desjardins upgraded shares of Encana from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, January 12th. BMO Capital Markets set a $17.00 price target on shares of Encana and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Societe Generale upgraded shares of Encana from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, February 15th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Encana presently has an average rating of “Buy” and an average price target of $15.37.
Encana (NYSE:ECA) (TSE:ECA) last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Encana had a return on equity of 6.25% and a net margin of 18.58%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.06 billion. equities research analysts forecast that Encana will post 0.74 earnings per share for the current fiscal year.
Encana announced that its Board of Directors has initiated a share buyback plan on Thursday, February 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, March 14th. Encana’s dividend payout ratio is currently 5.04%.
In related news, Director Suzanne P. Nimocks bought 5,000 shares of Encana stock in a transaction on Wednesday, February 21st. The stock was acquired at an average price of $10.62 per share, with a total value of $53,100.00. Following the acquisition, the director now directly owns 10,600 shares of the company’s stock, valued at $112,572. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Howard John Mayson acquired 2,500 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average cost of $10.53 per share, with a total value of $26,325.00. Following the acquisition, the director now directly owns 25,104 shares of the company’s stock, valued at approximately $264,345.12. The disclosure for this purchase can be found here. Insiders purchased a total of 23,500 shares of company stock worth $256,395 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
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Encana Company Profile
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. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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