About Encana Corporation
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). 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. The Company operates through three segments: Canadian Operations, USA Operations and Market optimization. The Company's Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. Market Optimization segment is responsible for the sale of the Company's production and managing the associated netback price. Market Optimization sells the Company's upstream 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
- Previous Close: $12.35
- 50 Day Moving Average: $12.71
- 200 Day Moving Average: $10.98
- 52-Week Range: $973,000,000.00 - $3.00
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 13.42
- P/E Growth: -0.65
- Market Cap: $12.02B
- Outstanding Shares: 973,000,000
- Beta: 1.94
- Net Margins: -40.77%
- Return on Equity: 1.79%
- Return on Assets: 0.68%
Companies Related to Encana Corporation:
- Debt-to-Equity Ratio: 0.67%
- Current Ratio: 1.35%
- Quick Ratio: 1.35%
What is Encana Corporation's stock symbol?
Encana Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECA."
How often does Encana Corporation pay dividends? What is the dividend yield for Encana Corporation?
Encana Corporation announced a quarterly dividend on Thursday, November 3rd. Investors of record on Thursday, December 15th will be given a dividend of $0.015 per share on Friday, December 30th. This represents a $0.06 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, December 13th.
Where is Encana Corporation's stock going? Where will Encana Corporation's stock price be in 2017?
24 brokers have issued 12-month target prices for Encana Corporation's shares. Their predictions range from $8.00 to $17.00. On average, they expect Encana Corporation's share price to reach $13.67 in the next twelve months.
What are analysts saying about Encana Corporation stock?
Here are some recent quotes from research analysts about Encana Corporation stock:
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)
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 Corporation stock?
Encana Corporation's stock is owned by a variety 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 Guardian Capital LP (0.47%).
Who sold Encana Corporation stock? Who is selling Encana Corporation stock?
Encana Corporation'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 Gabelli Funds LLC.
Who bought Encana Corporation stock? Who is buying Encana Corporation stock?
Encana Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Lone Pine Capital LLC, FMR LLC, Guardian Capital LP, JVL Advisors L.L.C., Viking Global Investors LP, Axiom International Investors LLC DE, Russell Investments Group Ltd. and Oceanic Investment Management LTD.
How do I buy Encana Corporation stock?
Shares of Encana Corporation 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 Corporation stock cost?
One share of Encana Corporation stock can currently be purchased for approximately $12.35.