Sprott Inc. acquired a new stake in Encana Corporation (NYSE:ECA) (TSE:ECA) during the third quarter, Holdings Channel reports. The fund acquired 35,000 shares of the company’s stock, valued at approximately $366,000.
Other large investors have also recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC raised its position in Encana Corporation by 3.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 12,070 shares of the company’s stock worth $126,000 after buying an additional 375 shares during the period. Eqis Capital Management Inc. acquired a new position in Encana Corporation during the third quarter worth $171,000. Carnick & Kubik Group LLC acquired a new position in Encana Corporation during the second quarter worth $154,000. Stevens Capital Management LP acquired a new position in Encana Corporation during the second quarter worth $165,000. Finally, Advisor Group Inc. acquired a new position in Encana Corporation during the second quarter worth $182,000. Institutional investors own 64.34% of the company’s stock.
Encana Corporation (NYSE:ECA) traded down 1.87% during trading on Wednesday, reaching $13.10. 8,451,501 shares of the company’s stock traded hands. The stock’s market capitalization is $12.75 billion. The stock has a 50-day moving average price of $12.52 and a 200 day moving average price of $10.39. Encana Corporation has a 1-year low of $3.00 and a 1-year high of $13.49.
Encana Corporation (NYSE:ECA) last issued its earnings results on Thursday, November 3rd. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. Encana Corporation had a negative net margin of 40.77% and a positive return on equity of 1.79%. During the same period in the prior year, the firm posted ($0.03) EPS. Equities research analysts expect that Encana Corporation will post $0.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, December 13th. Encana Corporation’s dividend payout ratio is presently -3.97%.
ECA has been the topic of a number of research reports. KLR Group lowered shares of Encana Corporation from a “buy” rating to an “accumulate” rating and set a $14.00 target price on the stock. in a research note on Monday, November 28th. Jefferies Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Encana Corporation in a research report on Tuesday, September 20th. GMP Securities raised shares of Encana Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, October 6th. Citigroup Inc. raised shares of Encana Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $13.00 in a research report on Friday, September 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $13.00 price target (down previously from $15.00) on shares of Encana Corporation in a research report on Thursday, September 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.46.
Encana Corporation Company Profile
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). 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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