Encana Corp (NYSE:ECA) (TSE:ECA) insider Douglas James Suttles acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average cost of $11.07 per share, for a total transaction of $11,070.00. Following the acquisition, the insider now owns 76,212 shares in the company, valued at $843,666.84. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Encana Corp (ECA) traded down $0.02 during trading on Wednesday, reaching $11.19. The company had a trading volume of 9,991,400 shares, compared to its average volume of 11,545,232. Encana Corp has a twelve month low of $8.01 and a twelve month high of $13.85. The company has a market cap of $10,908.61, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 3.25 and a beta of 2.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, December 14th. Encana’s payout ratio is 7.60%.

Several research analysts have commented on ECA shares. Zacks Investment Research downgraded Encana from a “hold” rating to a “sell” rating in a report on Tuesday. GMP Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Encana in a report on Friday, September 29th. TD Securities reaffirmed a “buy” rating and set a $12.50 target price on shares of Encana in a report on Sunday, October 1st. National Bank Financial lifted their target price on Encana from $14.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Barclays lifted their target price on Encana from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the company’s stock. Encana presently has a consensus rating of “Buy” and an average price target of $14.43.

Institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP bought a new stake in Encana in the 2nd quarter valued at about $102,000. Gotham Asset Management LLC acquired a new position in Encana during the 2nd quarter valued at about $109,000. Equity Investment Corp Acquisition Inc boosted its stake in Encana by 5.4% during the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 666 shares during the last quarter. Commerce Bank acquired a new position in Encana during the 3rd quarter valued at about $118,000. Finally, First Allied Advisory Services Inc. boosted its stake in Encana by 13.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 1,567 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

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About Encana

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.

Insider Buying and Selling by Quarter for Encana (NYSE:ECA)

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