Encana Corporation (ECA) Declares Quarterly Dividend of $0.02

Paterniano Del Favero
Agosto 17, 2017

Atria Investments LLC purchased a new position in Encana Corporation (NYSE:ECA) (TSE:ECA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Encana Corporation (NYSE:ECA) (TSE:ECA) announced a quarterly dividend on Friday, July 21st, RTT News reports. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock valued at $233,000 after buying an additional 124 shares during the period. It also increased its holding in Berkshire Hathaway Inc Del Cl (BRKB) by 2,675 shares in the quarter, for a total of 421,902 shares, and has risen its stake in Express Scripts Hldg Co (NASDAQ:ESRX). The institutional investor held 1.65 million shares of the oil & gas production company at the end of 2016Q4, valued at $19.37 million, down from 2.37M at the end of the previous reported quarter.

Timucuan Asset Management Inc, which manages about $1.01B and $1.13B US Long portfolio, upped its stake in Axalta Coating Systems Ltd by 386,652 shares to 3.70 million shares, valued at $100.59 million in 2016Q4, according to the filing. Considering that the stock daily volume of 8.31 million shares, this represents a pretty noteworthy trading in volume size. The number of shares that were traded during the day was 0.71 million, which corresponds to its 3-month volume average of 0.94 million shares a day. Timucuan Asset Management Inc sold 1.19M shares as the company's stock rose 0.35% with the market.

Encana Corporation (ECA)'s average Piotroski F-Score: 7 during the last 7 years. The firm has a market cap of $9.22 billion, a P/E ratio of 11.29 and a beta of 2.04.

Encana Corp (NYSE:ECA) 52-week high price stands at $13.85 and low price stands at $8.01, its price distance from 52-week high is -31.19% while its distance from 52-week low price is 18.98%.

Encana Corporation (ECA) closed -13.53% below its 200-day moving average and is 2.65% above another chart threshold, its 50-day moving average.

Encana Corp (NYSE:ECA) shares traded -1.65% down during most recent session to reach at the closing price of $9.53.

The company has mean EPS estimate of 0.12 reported by 15 number of analyst for the quarter ending Current Qtr.(Sep2017). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $773.19 million.

Encana Corporation (ECA) now has a Return on Assets (ROA) value of 5.4 Percent. Analysts expect next quarter's EPS will be $0.68 and the next full year EPS is projected to be $3.11. Analysts forecast that Encana Corporation will post $0.50 earnings per share for the current fiscal year. Stockholders of record on Friday, September 15th will be paid a dividend of $0.015 per share. The dividend will be $0.015 per share for the quarter or $0.06 on an annualized basis. Encana Corporation's payout ratio is now 6.98%.

TRADEMARK VIOLATION NOTICE: "12,896 Shares in Encana Corporation (NYSE:ECA) Acquired by Atria Investments LLC" was published by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & global copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2017/08/15/janney-montgomery-scott-llc-purchases-26155-shares-of-encana-corporation-nyseeca.html. IBC downgraded the stock to "Underperform" rating in Thursday, February 25 report. FBR Capital maintained the stock with "Outperform" rating in Wednesday, October 21 report. Finally, TD Securities increased their price objective on Encana Corporation from $11.50 to $12.50 and gave the stock a "buy" rating in a research note on Monday, July 24th. Canaccord Genuity set a $14.00 price target on Encana Corporation and gave the company a buy rating in a report on Tuesday, June 20th. Institutional investors own 73.10% of the company's stock. The stock has a consensus rating of "Buy" and a consensus price target of $13.32. Encana Corporation's dividend payout ratio (DPR) is presently 6.98%. The Company's operations also include the marketing of natural gas, oil and NGLs.

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