Media headlines about Encana (NYSE:ECA) (TSE:ECA) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Encana earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.3146742967862 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- National Bank Financial Increases Encana (ECA) Price Target to $18.00 (americanbankingnews.com)
- Encana Corporation (ECA) Stock Price trades -4.04% off from 200- SMA (nasdaqchronicle.com)
- What Everybody Ought to Know About these: Encana Corporation (NYSE:ECA) (thestreetpoint.com)
- Encana Corporation (ECA) stock ends Yesterday with change of -5.40% (nasdaqfortune.com)
- Volume: A Tool to Project Future Performance – Encana Corporation (NYSE: ECA) (alphabetastock.com)
Shares of NYSE:ECA opened at $11.00 on Friday. Encana has a 12-month low of $8.01 and a 12-month high of $14.31. The stock has a market cap of $10,214.90, a P/E ratio of 13.10, a PEG ratio of 1.44 and a beta of 2.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 1.37.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.55%. Encana’s dividend payout ratio is currently 7.14%.
Encana announced that its board has authorized a stock repurchase plan on Thursday, February 15th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities analysts recently weighed in on the company. Jefferies Group set a $16.00 price objective on Encana and gave the stock a “buy” rating in a research report on Monday, March 19th. Evercore ISI raised Encana from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $10.84 to $16.00 in a research report on Wednesday, March 7th. UBS assumed coverage on Encana in a research report on Wednesday, March 7th. They set a “buy” rating for the company. ValuEngine cut Encana from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Finally, GMP Securities reissued a “buy” rating and set a $15.50 price objective on shares of Encana in a research report on Friday, February 23rd. 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 company’s stock. The stock has an average rating of “Buy” and a consensus target price of $15.39.
In related news, Director Margaret Anne Mckenzie acquired 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $11.16 per share, for a total transaction of $111,600.00. Following the purchase, the director now owns 22,000 shares in the company, valued at approximately $245,520. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Howard John Mayson purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average price of $10.53 per share, for a total transaction of $26,325.00. Following the completion of the transaction, the director now owns 25,104 shares in the company, valued at $264,345.12. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 24,500 shares of company stock worth $267,185. Corporate insiders own 0.08% of the company’s stock.
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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