Encana Corp Company Profile (NYSE:ECA)

About Encana Corp (ECA)

Encana Corp logoEncana 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. It operates through three segments: Canadian Operations, USA Operations and Market optimization. Its Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. Its Canadian operations include Montney in northeast British Columbia and northwest Alberta and Duvernay in west central Alberta. The USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. The Market Optimization activities are primarily responsible for the sale of the Company's production to third party customers.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Major Integrated Oil & Gas
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: ECA
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $10.58
  • 50 Day Moving Average: $11.57
  • 200 Day Moving Average: $11.44
  • 52-Week Range: $5.36 - $13.85
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.59
  • P/E Growth: -0.56
  • Market Cap: $10.27B
  • Outstanding Shares: 973,064,000
  • Beta: 1.94
Profitability:
  • Net Margins: -40.77%
  • Return on Equity: 1.79%
  • Return on Assets: 0.68%
Debt:
  • Debt-to-Equity Ratio: 0.67%
  • Current Ratio: 1.35%
  • Quick Ratio: 1.35%

Analyst Ratings

Consensus Ratings for Encana Corp (NYSE:ECA) (?)
Ratings Breakdown: 2 Sell Ratings, 8 Hold Ratings, 13 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.54)
Consensus Price Target: $13.73 (30.18% upside)

Analysts' Ratings History for Encana Corp (NYSE:ECA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/11/2017Canaccord GenuityReiterated RatingBuy$14.00N/AView Rating Details
2/21/2017GMP SecuritiesDowngradeBuy -> HoldN/AView Rating Details
2/16/2017JPMorgan Chase & Co.Reiterated RatingStrong-BuyN/AView Rating Details
2/9/2017DesjardinsReiterated RatingHold$13.75N/AView Rating Details
1/27/2017TD SecuritiesDowngradeBuy -> HoldN/AView Rating Details
1/24/2017MacquarieUpgradeNeutral -> OutperformN/AView Rating Details
1/20/2017KLR GroupUpgradeAccumulate -> Buy$16.00N/AView Rating Details
1/11/2017Societe GeneraleUpgradeSell -> HoldN/AView Rating Details
1/4/2017Royal Bank of CanadaReiterated RatingBuy$15.00N/AView Rating Details
11/4/2016BMO Capital MarketsReiterated RatingBuy$14.00N/AView Rating Details
10/19/2016Jefferies Group LLCReiterated RatingBuy$14.00N/AView Rating Details
10/11/2016Barclays PLCUpgradeEqual Weight -> Overweight$10.00 -> $14.00N/AView Rating Details
10/6/2016AltaCorp CapitalUpgradeUnderperform -> Sector PerformN/AView Rating Details
10/6/2016Deutsche Bank AGBoost Price TargetBuy$13.00 -> $15.00N/AView Rating Details
10/6/2016Credit Suisse Group AGInitiated CoverageOutperform$14.00N/AView Rating Details
9/30/2016CIBCUpgradeSector Perform$8.00 -> $12.00N/AView Rating Details
9/30/2016Citigroup IncUpgradeNeutral -> Buy$10.00 -> $13.00N/AView Rating Details
9/26/2016NomuraReiterated RatingBuy$17.00N/AView Rating Details
9/20/2016Morgan StanleySet Price TargetHold$11.00N/AView Rating Details
9/20/2016Scotia Howard WeillDowngradeSector Perform -> UnderperformN/AView Rating Details
9/20/2016ScotiabankDowngradeSector Perform -> UnderperformN/AView Rating Details
7/26/2016FirstEnergy CapitalUpgradeMarket Perform -> OutperformN/AView Rating Details
5/20/2016Goldman Sachs Group IncReiterated RatingBuyN/AView Rating Details
4/15/2016Evercore ISIDowngradeBuy -> Hold$9.00 -> $8.00N/AView Rating Details
10/21/2015Sanford C. BernsteinLower Price TargetMarket-Perform$9.00 -> $8.40N/AView Rating Details
7/21/2015Seaport Global SecuritiesLower Price TargetAccumulate$15.00 -> $11.00N/AView Rating Details
4/13/2015Bank of America CorpUpgradeNeutral -> Buy$14.00N/AView Rating Details
3/27/2015Imperial CapitalInitiated CoverageIn -> line$14.00N/AView Rating Details
(Data available from 3/23/2015 forward)

Earnings

Earnings History for Encana Corp (NYSE:ECA)
Earnings by Quarter for Encana Corp (NYSE:ECA)
Earnings History by Quarter for Encana Corp (NYSE:ECA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/16/2017Q416$0.03$0.09$782.35 millionViewN/AView Earnings Details
11/3/2016Q316($0.04)$0.04$718.32 millionViewN/AView Earnings Details
7/21/2016Q216($0.09)$0.10$709.89 millionViewListenView Earnings Details
5/3/2016Q116($0.12)($0.15)$695.44 millionViewN/AView Earnings Details
2/24/2016Q415$0.01$0.13$994.00 millionViewListenView Earnings Details
11/12/2015Q315($0.04)($0.03)$1.09 billionViewListenView Earnings Details
7/24/2015Q215($0.15)($0.20)$1.14 billionViewListenView Earnings Details
5/12/2015Q115($0.09)$0.01$1.21 billionViewListenView Earnings Details
2/25/2015Q414$0.21$0.05$1.52 billionViewN/AView Earnings Details
11/12/2014Q314$0.46$0.38$1.69 billionViewN/AView Earnings Details
7/24/2014Q214$0.27$0.23$1.61 billionViewN/AView Earnings Details
5/13/2014Q114$0.53$0.70$1.88 billionViewN/AView Earnings Details
2/19/2014Q413$0.20$0.31$1.53 billionViewN/AView Earnings Details
10/23/2013Q313$0.16$0.20$1.49 billionViewN/AView Earnings Details
7/24/2013Q213$0.17$0.34$1.46 billionViewN/AView Earnings Details
4/23/2013Q113$0.04$0.24$1.31 billionViewN/AView Earnings Details
2/14/2013Q412$0.33$0.40$1.58 billionViewN/AView Earnings Details
10/24/2012$0.26$0.36ViewN/AView Earnings Details
7/25/2012$0.19$0.27ViewN/AView Earnings Details
4/25/2012($0.04)$0.33ViewN/AView Earnings Details
10/20/2011$0.11$0.23ViewN/AView Earnings Details
7/21/2011$0.14$0.21ViewN/AView Earnings Details
4/20/2011$0.15$0.02ViewN/AView Earnings Details
2/10/2011$0.13$0.09ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Encana Corp (NYSE:ECA)
Current Year EPS Consensus Estimate: $0.35 EPS
Next Year EPS Consensus Estimate: $0.91 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163($0.08)$0.01($0.02)
Q2 20163($0.11)($0.05)($0.07)
Q3 20163($0.08)$0.00($0.05)
Q4 20163($0.03)$0.03$0.01
Q1 20172$0.05$0.06$0.06
Q2 20172$0.05$0.05$0.05
Q3 20172$0.08$0.09$0.09
Q4 20172$0.12$0.15$0.14
Q1 20181$0.24$0.24$0.24
Q2 20181$0.28$0.28$0.28
Q3 20181$0.34$0.34$0.34
Q4 20181$0.41$0.41$0.41
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Encana Corp (NYSE:ECA)
Next Dividend:3/31/2017
Annual Dividend:$0.06
Dividend Yield:0.57%
Dividend Growth:-55.30% (3 Year Average)
Payout Ratio:-3.97% (Trailing 12 Months of Earnings)
17.14% (Based on This Year's Estimates)
6.59% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Encana Corp (NYSE:ECA)

Dividend History by Quarter for Encana Corp (NYSE:ECA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/16/2017Quarterly$0.023/13/20173/15/20173/31/2017
11/3/2016quarterly$0.020.61%12/13/201612/15/201612/30/2016
7/21/2016quarterly$0.020.73%9/13/20169/15/20169/30/2016
5/3/2016quarterly$0.020.95%6/13/20166/15/20166/30/2016
2/24/2016quarterly$0.021.6%3/11/20163/15/20163/31/2016
11/12/2015quarterly$0.073.45%12/11/201512/15/201512/31/2015
7/24/2015quarterly$0.073.77%9/11/20159/15/20159/30/2015
5/12/2015quarterly$0.072.06%6/11/20156/15/20156/30/2015
2/25/2015quarterly$0.072.15%3/11/20153/13/20153/31/2015
11/12/2014quarterly$0.071.61%12/11/201412/15/201412/31/2014
7/24/2014quarterly$0.071.27%9/11/20149/15/20149/30/2014
5/13/2014quarterly$0.071.23%6/11/20146/13/20146/30/2014
2/13/2014quarterly$0.071.48%3/12/20143/14/20143/31/2014
11/5/2013$0.0712/11/201312/13/201312/31/2013
11/6/2013quarterly$0.071.5%12/11/201312/13/201312/31/2013
4/23/2013quarterly$0.204.37%6/12/20136/14/20136/28/2013
2/15/2013quarterly$0.204.46%3/13/20133/15/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Encana Corp (NYSE:ECA)
Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 64.57%
Insider Trades by Quarter for Encana Corp (NYSE:ECA)
Institutional Ownership by Quarter for Encana Corp (NYSE:ECA)
Insider Trades by Quarter for Encana Corp (NYSE:ECA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/13/2017Clayton Harvey WoitasDirectorBuy12,300$10.65$130,995.00View SEC Filing  
3/10/2017Clayton Harvey WoitasDirectorBuy14,400$10.46$150,624.00View SEC Filing  
3/9/2017Douglas James SuttlesCEOBuy1,000$10.37$10,370.00View SEC Filing  
2/23/2017Douglas James SuttlesCEOBuy2,000$11.36$22,720.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Encana Corp (NYSE:ECA)
Latest Headlines for Encana Corp (NYSE:ECA)
Source:
DateHeadline
us.rd.yahoo.com logoEncana (ECA) Down 13.1% Since Earnings Report: Can It Rebound? (NYSE:ECA)
us.rd.yahoo.com - March 20 at 7:44 PM
us.rd.yahoo.com logoAnalyzing Encana’s Realized Price Effectiveness (NYSE:ECA)
us.rd.yahoo.com - March 17 at 5:12 PM
fool.ca logoThese Oil Stocks Have Investors Quaking Now That Crude Has Crashed Below $50 (NYSE:ECA)
www.fool.ca - March 16 at 6:13 PM
us.rd.yahoo.com logoCould 4Q16 Mark a Low Point for Encana’s Production? (NYSE:ECA)
us.rd.yahoo.com - March 16 at 6:13 PM
us.rd.yahoo.com logoEncana: A Crude Oil Company (NYSE:ECA)
us.rd.yahoo.com - March 16 at 6:13 PM
finance.yahoo.com logoBaron Funds Comments on Encana Corp (NYSE:ECA)
finance.yahoo.com - March 16 at 6:13 PM
News IconEncana Corp (ECA) Director Clayton Woitas Purchases 10,700 Shares (NYSE:ECA)
www.americanbankingnews.com - March 15 at 1:30 PM
News IconEncana Corp (ECA) Director Clayton Harvey Woitas Buys 12,300 Shares (NYSE:ECA)
www.americanbankingnews.com - March 15 at 1:30 PM
benzinga.com logoPete Najarian Sees Unusual Options Activity In Encana (NYSE:ECA)
www.benzinga.com - March 14 at 12:56 PM
fool.com logoTransCanada Corporation Successfully Secures Shippers for Its Slumping Gas Pipeline (NYSE:ECA)
www.fool.com - March 14 at 12:56 PM
biz.yahoo.com logoENCANA CORP Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:ECA)
biz.yahoo.com - March 13 at 4:58 PM
nasdaq.com logoEncana Corporation (ECA) Ex-Dividend Date Scheduled for March 13, 2017 - Nasdaq (NYSE:ECA)
www.nasdaq.com - March 10 at 5:57 PM
News IconDouglas James Suttles Purchases 1,000 Shares of Encana Corp (ECA) Stock (NYSE:ECA)
www.americanbankingnews.com - March 10 at 1:00 AM
News IconEncana Corp (ECA) Director Douglas James Suttles Acquires 1,000 Shares (NYSE:ECA)
www.americanbankingnews.com - March 10 at 1:00 AM
nasdaq.com logoEnCana (ECA) Shares Enter Oversold Territory (NYSE:ECA)
www.nasdaq.com - March 8 at 10:41 PM
News IconEncana Corp Plans Quarterly Dividend of $0.02 (eca) (NYSE:ECA)
www.americanbankingnews.com - March 8 at 7:01 PM
moodys.com logoEncana Corporation -- Moody's changes Encana's outlook to positive (NYSE:ECA)
www.moodys.com - March 6 at 4:40 PM
us.rd.yahoo.com logoENCANA CORP Financials (NYSE:ECA)
us.rd.yahoo.com - March 3 at 4:55 PM
biz.yahoo.com logoENCANA CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:ECA)
biz.yahoo.com - February 28 at 5:03 PM
biz.yahoo.com logoENCANA CORP Files SEC form 10-K, Annual Report (NYSE:ECA)
biz.yahoo.com - February 27 at 7:32 PM
finance.yahoo.com logoEncana files 2016 year-end disclosure documents (NYSE:ECA)
finance.yahoo.com - February 27 at 7:32 PM
us.rd.yahoo.com logoWhy Did Encana’s Free Cash Flow Fall in 4Q16? (NYSE:ECA)
us.rd.yahoo.com - February 23 at 4:52 PM
us.rd.yahoo.com logoWhat Wall Street Analysts Say about Encana after Q4 Earnings (NYSE:ECA)
us.rd.yahoo.com - February 23 at 4:52 PM
zacks.com logoEncana (ECA) Beats Earnings Estimates in Q4, Sets 2017 Capex (NYSE:ECA)
www.zacks.com - February 16 at 3:51 PM
us.rd.yahoo.com logoCoverage initiated on Encana by JP Morgan (NYSE:ECA)
us.rd.yahoo.com - February 16 at 3:51 PM
us.rd.yahoo.com logoPeek Into Oil Q4 Earnings on Feb 16: TRP, ECA, CVE, OMVJF (NYSE:ECA)
us.rd.yahoo.com - February 16 at 3:51 PM
us.rd.yahoo.com logoA Revival In The Rockies For Natural Gas (NYSE:ECA)
us.rd.yahoo.com - February 16 at 3:51 PM
us.rd.yahoo.com logoEncana delivers strong fourth quarter and full-year 2016 results; company on track to grow corporate margin and crude and condensate production in 2017 (NYSE:ECA)
us.rd.yahoo.com - February 16 at 3:51 PM
finance.yahoo.com logoEncana (ECA) Q4 Earnings Beat Estimate, Guides for 2017 (NYSE:ECA)
finance.yahoo.com - February 16 at 3:51 PM
wsj.com logo[$$] Encana Narrows Loss (NYSE:ECA)
www.wsj.com - February 16 at 3:51 PM
finance.yahoo.com logoEncana posts better-than-expected operating profit (NYSE:ECA)
finance.yahoo.com - February 16 at 3:51 PM
biz.yahoo.com logoENCANA CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Statements and (NYSE:ECA)
biz.yahoo.com - February 16 at 3:51 PM

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Frequently Asked Questions for Encana Corp (NYSE:ECA)

What is Encana Corp's stock symbol?

Encana Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECA."

How often does Encana Corp pay dividends? What is the dividend yield for Encana Corp?

Encana Corp declared a quarterly dividend on Thursday, February 16th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.015 per share on Friday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, March 13th.

How were Encana Corp's earnings last quarter?

Encana Corp (NYSE:ECA) posted its earnings results on Thursday, February, 16th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Encana Corp had a positive return on equity of 1.79% and a negative net margin of 40.77%. During the same period in the previous year, the company posted $0.13 earnings per share.

Where is Encana Corp's stock going? Where will Encana Corp's stock price be in 2017?

24 brokerages have issued 12-month target prices for Encana Corp's shares. Their predictions range from $8.00 to $17.00. On average, they expect Encana Corp's share price to reach $13.73 in the next year.

What are analysts saying about Encana Corp stock?

Here are some recent quotes from research analysts about Encana Corp stock:

  • 1. According to Zacks Investment Research, "Even though 2016 was a roller-coaster year for the energy market, Encana stock soared more 250% during the period. The Canadian energy behemoth – which posted a surprise Q3 operating profit on the back of reduced drilling costs and solid execution – holds one of the largest natural gas resource portfolios in North America. As such, ECA is set to benefit from the commodity's recent price strength. Additionally, the steps undertaken by it to divest high-cost low-profit gas assets will increase its financial flexibility and fund the transition to a more diversified oil and gas firm. However, ECA’s profit is influenced by commodity price fluctuations. Also, the recent equity offering – despite helping ECA to pay down debt and boost drilling – has significantly diluted existing shareholders' equity. Consequently, we would rather wait for a better entry point before accumulating shares." (2/16/2017)
  • 2. Barclays PLC analysts commented, "core four" assets in the Permian, Eagle Ford, Montney and Duvernay."Use of Encana's 2018 capital spending and production indications lead us to infer a very strong return in 2018 on new spending of circa 30 percent on the corporate level (the 2017 inference is muddled by 2016 M&A)," analyst Thomas Driscoll wrote in a note.This inferred return is 18 percent better than the Barclays' average return for peers. The analyst expects top-tier delivery from the "core four" basins and raised 2017 and 2018 liquids estimates by 6 percent and 20 percent, respectively.Related Link: Russia Wants To Freeze Oil Output ... At Its Historical High LevelEncana's preliminary 2017 budget of $1.4 billion–$1.8 billion is 7 percent above Barclays' previous estimate. Encana expects to grow liquids volumes by 15–20 percent per year. Looking ForwardDriscoll forecast total volume growth to outpace expansion in market capital deployed by 12 percent through 2018, compared to 5 percent from peers. Assuming flat $55 crude and $3 gas, Encana expects to grow total production by 60 percent by 2021, as it doubles core four asset volumes and grows liquids by 15–20 percent CAGR. Further, Encana continues to reduce drilling and completion (D&C) costs in its core four assets and continues to reduce lease operating costs.Encana, which has ample liquidity and financial flexibility, expects to grow cash flow by 300 percent over the next five years, assuming flat $55 crude and $3 gas prices. "We are currently modeling through 2018 and are expecting 145 percent cash flow growth if we were to use the same commodity price assumptions," (10/11/2016)

Who owns Encana Corp stock?

Encana Corp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Viking Global Investors LP (9.13%), Davis Selected Advisers (7.31%), Lone Pine Capital LLC (2.15%), FMR LLC (2.13%), Letko Brosseau & Associates Inc. (1.75%) and Elliott Management Corp (1.25%). Company insiders that own Encana Corp stock include Clayton Harvey Woitas and Douglas James Suttles.

Who sold Encana Corp stock? Who is selling Encana Corp stock?

Encana Corp's stock was sold by a variety of institutional investors in the last quarter, including Davis Selected Advisers, Bocage Capital LLC, Dimensional Fund Advisors LP, Letko Brosseau & Associates Inc., AQR Capital Management LLC, Castleark Management LLC, Investec Asset Management LTD and I.G. Investment Management LTD..

Who bought Encana Corp stock? Who is buying Encana Corp stock?

Encana Corp's stock was bought by a variety of institutional investors in the last quarter, including Lone Pine Capital LLC, FMR LLC, Norges Bank, Guardian Capital LP, JVL Advisors L.L.C., Viking Global Investors LP, Axiom International Investors LLC DE and Russell Investments Group Ltd.. Company insiders that have bought Encana Corp stock in the last two years include Clayton Harvey Woitas and Douglas James Suttles.

How do I buy Encana Corp stock?

Shares of Encana Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Encana Corp stock cost?

One share of Encana Corp stock can currently be purchased for approximately $10.55.

Encana Corp (ECA) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by MarketBeat.com Staff