Parkwood LLC boosted its stake in shares of Encana Corporation (NYSE:ECA) (TSE:ECA) by 52.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 576,054 shares of the oil and gas company’s stock after buying an additional 199,327 shares during the quarter. Encana Corporation makes up approximately 1.0% of Parkwood LLC’s portfolio, making the stock its 23rd largest holding. Parkwood LLC owned about 0.06% of Encana Corporation worth $6,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Stevens Capital Management LP grew its position in Encana Corporation by 325.2% during the third quarter. Stevens Capital Management LP now owns 49,285 shares of the oil and gas company’s stock valued at $581,000 after buying an additional 37,693 shares during the period. IFP Advisors Inc grew its position in Encana Corporation by 322.9% during the third quarter. IFP Advisors Inc now owns 37,825 shares of the oil and gas company’s stock valued at $446,000 after buying an additional 28,881 shares during the period. Intact Investment Management Inc. bought a new position in Encana Corporation during the third quarter valued at about $15,463,000. Crossmark Global Holdings Inc. bought a new position in Encana Corporation during the third quarter valued at about $1,020,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in Encana Corporation by 5.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 112,742 shares of the oil and gas company’s stock valued at $1,328,000 after buying an additional 5,456 shares during the period. Institutional investors own 67.00% of the company’s stock.

Shares of Encana Corporation (NYSE:ECA) traded up $0.57 during trading on Monday, hitting $12.90. 6,474,180 shares of the stock were exchanged, compared to its average volume of 14,123,939. Encana Corporation has a 52-week low of $8.01 and a 52-week high of $13.85. The stock has a market capitalization of $11,997.09, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 3.20 and a beta of 2.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.34 and a current ratio of 1.34.

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Several equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $15.00 price target on shares of Encana Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Encana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Barclays PLC increased their price target on shares of Encana Corporation from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. BMO Capital Markets set a $14.00 price target on shares of Encana Corporation and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Scotiabank increased their price target on shares of Encana Corporation from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.16.

About Encana Corporation

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.

Institutional Ownership by Quarter for Encana Corporation (NYSE:ECA)

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