Encana Corporation (ECA) Position Increased by Public Sector Pension Investment Board

Ivan Schwartz
August 12, 2017

5,780,980 shares of the company's stock traded hands. Accern also assigned press coverage about the oil and gas company an impact score of 46.2084647937464 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. Finally, Steadfast Capital Management LP increased its position in shares of Encana Corporation by 12.2% in the first quarter. The third largest holder is Causeway Capital Management Llc, which now holds $476.96 million worth of this stock and that ownership represents almost 5.13% of its market capitalization. DekaBank Deutsche Girozentrale boosted its position in shares of Encana Corporation by 85.8% in the second quarter. The consensus rating is 2.1, suggesting the market has given up on the stock. FMR LLC increased its position in shares of Encana Corporation by 6.3% in the first quarter. Howard Hughes Medical Institute now holds 133,405 shares valued at $1,174,000. Wellington Management Group LLP raised its position in Encana Corporation by 337.3% in the first quarter. BlueCrest Capital Management Ltd now owns 1,100,373 shares of the oil and gas company's stock worth $12,885,000 after buying an additional 943,183 shares during the period. The stock had a trading volume of 958,831 shares. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since August 11, 2016 and is uptrending. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85. Current price places the company's stock -11.39% away from its 200-day simple moving average, 5.21%, away from the 50-day average and also 0.04% away from 20-day average. The stock of Encana Corp (USA) (NYSE:ECA) has "Buy" rating given on Monday, May 29 by RBC Capital Markets.

Encana Corporation (NYSE:ECA) (TSE:ECA) last announced its earnings results on Friday, July 21st. In the latest earnings report the EPS was $0.84 and is projected to be $0.50 for the current year with 973,095,000 shares outstanding. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $773.19 million. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. During the same quarter in the prior year, the business posted $0.10 EPS.

7/21/2017 - Encana Corporation was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. Stockholders of record on Friday, September 15th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Thurs, Sep 14th. this indicates a $0.06 annual dividend and a payout of of 0.61%. The dividend will be $0.015 per share for the quarter or $0.06 annualized. Viking Global Investors Lp owns $775.64 million in Encana Corporation, which represents roughly 8.34% of the company's market cap and approximately 11.7% of the institutional ownership.

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A number of other brokerages have also issued reports on ECA. That puts total institutional holdings at 677,965,383 shares, according to SEC filings. Barclays PLC restated an "overweight" rating and set a $12.00 price target (down previously from $15.00) on shares of Encana Corporation in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company.

7/24/2017 - Encana Corp had its price target raised by analysts at Royal Bank Of Canada to C$16.25.

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. All of its reserves and production are located in North America.

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