News stories about Encana (NYSE:ECA) (TSE:ECA) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Encana earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3146742967862 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- 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)
Shares of Encana (NYSE ECA) traded up $0.15 during mid-day trading on Wednesday, reaching $11.10. The company’s stock had a trading volume of 8,358,578 shares, compared to its average volume of 9,200,000. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10,810.00, a price-to-earnings ratio of 9.33, a PEG ratio of 1.47 and a beta of 2.13. Encana has a one year low of $8.01 and a one year high of $14.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.015 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.54%. Encana’s dividend payout ratio (DPR) is 5.04%.
Encana announced that its Board of Directors has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently weighed in on ECA shares. Evercore ISI raised Encana from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $10.84 to $16.00 in a research note on Wednesday, March 7th. UBS Group began coverage on Encana in a research note on Wednesday, March 7th. They issued a “buy” rating on the stock. ValuEngine lowered Encana from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. GMP Securities reissued a “buy” rating and set a $15.50 price target on shares of Encana in a research report on Friday, February 23rd. Finally, Sanford C. Bernstein raised Encana to a “buy” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.37.
In other Encana news, Director Suzanne P. Nimocks purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average cost of $10.62 per share, with a total value of $53,100.00. Following the completion of the transaction, the director now owns 10,600 shares of the company’s stock, valued at $112,572. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Anne Mckenzie purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $11.16 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $245,520. The disclosure for this purchase can be found here. Insiders have bought 23,500 shares of company stock worth $256,395 over the last ninety days. 0.08% of the stock is owned by insiders.
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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