News coverage about Encana (NYSE:ECA) (TSE:ECA) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encana earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.9480389634009 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- What Do Analysts Think About Encana Corporation’s (NYSE:ECA) Earnings Trajectory? (finance.yahoo.com)
- Encana Corp (ECA) Forecasted to Post Q1 2018 Earnings of $0.14 Per Share (americanbankingnews.com)
- Jefferies Group Reiterates $16.00 Price Target for Encana (ECA) (americanbankingnews.com)
- Encana Corp (ECA) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Shares of Encana stock opened at $12.00 on Thursday. Encana has a 52 week low of $8.01 and a 52 week high of $14.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $10,879.52, a price-to-earnings ratio of 14.29, a PEG ratio of 1.53 and a beta of 2.13.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.015 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.50%. Encana’s dividend payout ratio is presently 7.14%.
Encana announced that its Board of Directors has approved a stock 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 buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several equities research analysts have issued reports on ECA shares. Morgan Stanley upgraded shares of Encana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $15.00 to $18.00 in a research note on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of Encana from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Encana from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. National Bank Financial increased their price objective on shares of Encana from $14.50 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Desjardins raised shares of Encana from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Encana currently has a consensus rating of “Buy” and a consensus price target of $15.33.
In other Encana news, Director Margaret Anne Mckenzie purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average cost of $11.16 per share, with a total value of $111,600.00. Following the completion of the acquisition, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $245,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne P. Nimocks acquired 5,000 shares of the company’s stock in a transaction 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 acquisition, the director now directly owns 10,600 shares in the company, valued at approximately $112,572. The disclosure for this purchase can be found here. Insiders bought a total of 22,500 shares of company stock worth $245,325 in the last 90 days. 0.08% of the stock is owned by corporate insiders.
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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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