Pratt Collard Advisory Partners LLC grew its position in shares of Encana Corp (NYSE:ECA) (TSE:ECA) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,575 shares of the oil and gas company’s stock after purchasing an additional 9,425 shares during the quarter. Pratt Collard Advisory Partners LLC’s holdings in Encana were worth $690,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. increased its position in shares of Encana by 43.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 23,050 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 7,000 shares during the last quarter. CoreCommodity Management LLC increased its position in shares of Encana by 4.0% during the 2nd quarter. CoreCommodity Management LLC now owns 211,075 shares of the oil and gas company’s stock valued at $1,083,000 after purchasing an additional 8,064 shares during the last quarter. Cerebellum GP LLC increased its position in shares of Encana by 56.4% during the 2nd quarter. Cerebellum GP LLC now owns 72,456 shares of the oil and gas company’s stock valued at $372,000 after purchasing an additional 26,137 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Encana by 2,812.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 868,903 shares of the oil and gas company’s stock valued at $4,352,000 after purchasing an additional 839,069 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Encana by 30.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 12,438 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 70.39% of the company’s stock.
ECA has been the topic of several recent research reports. Macquarie initiated coverage on Encana in a research report on Monday, September 23rd. They set a “neutral” rating and a $5.50 price objective on the stock. Morgan Stanley reduced their price objective on Encana from $6.50 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Wolfe Research lowered Encana from a “peer perform” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a research report on Tuesday. Raymond James reiterated an “outperform” rating and set a $10.00 price objective on shares of Encana in a research report on Thursday, August 1st. Finally, SunTrust Banks started coverage on Encana in a research report on Tuesday, July 30th. They set a “hold” rating and a $4.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.27.
ECA traded down $0.12 on Friday, hitting $4.10. 10,209,782 shares of the company were exchanged, compared to its average volume of 20,659,762. The firm has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $5.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.80 and a current ratio of 0.80. Encana Corp has a 12 month low of $3.92 and a 12 month high of $11.51. The stock has a market capitalization of $5.48 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.98.
Encana (NYSE:ECA) (TSE:ECA) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.75 billion. Encana had a return on equity of 10.76% and a net margin of 16.73%. On average, equities analysts expect that Encana Corp will post 0.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.0188 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.83%. Encana’s dividend payout ratio is currently 9.30%.
Encana Company Profile
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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