News coverage about Encana (NYSE:ECA) (TSE:ECA) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Encana earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.0571661740189 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Sector Volume Actives: Encana Corporation (NYSE:ECA) (thestreetpoint.com)
- Garfield official: Keep land open to public (gjsentinel.com)
- Innovative stocks: NXP Semiconductors NV, (NASDAQ: NXPI), Encana Corporation, (NYSE: ECA); (tradingnewsnow.com)
- Trading summary of Unusual Activity – Encana Corporation (ECA) (wallstreetmorning.com)
- Garfield backs Roan access effort (gjsentinel.com)
A number of analysts recently 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 report on Tuesday, January 30th. Canaccord Genuity reissued a “buy” rating and set a $16.00 price target on shares of Encana in a report on Tuesday, January 9th. Desjardins raised shares of Encana from a “hold” rating to a “buy” rating and set a $16.00 price target 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 stock a “buy” rating in a report on Thursday, January 11th. Finally, Societe Generale raised shares of Encana from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, February 15th. They noted that the move was a valuation call. Three research 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 stock. The company currently has an average rating of “Buy” and an average target price of $15.39.
Encana (NYSE:ECA) (TSE:ECA) last issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Encana had a net margin of 18.58% and a return on equity of 6.25%. equities research analysts expect that Encana will post 0.73 EPS for the current year.
Encana announced that its Board of Directors has approved a share buyback plan on Thursday, February 15th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Wednesday, March 14th. Encana’s dividend payout ratio (DPR) is 13.95%.
In other news, Director Howard John Mayson acquired 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average cost 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Anne Mckenzie acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $11.16 per share, with a total value of $111,600.00. Following the completion of the transaction, the director now owns 22,000 shares of the company’s stock, valued at approximately $245,520. The disclosure for this purchase can be found here. Insiders bought 24,500 shares of company stock valued at $267,185 over the last quarter. Company insiders own 0.09% of the company’s stock.
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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