John Burton Jones Sells 1,825 Shares of Encana Corp (TSE:ECA) Stock
Encana Corp (TSE:ECA) (NYSE:ECA) Director John Burton Jones sold 1,825 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of C$9.77, for a total transaction of C$17,830.25.
Shares of Encana Corp (ECA) traded up 0.90% on Friday, reaching $12.31. 2,483,042 shares of the company’s stock traded hands. The firm’s 50 day moving average is $11.92 and its 200 day moving average is $14.09. Encana Corp has a 52 week low of $10.54 and a 52 week high of $18.13. The firm has a market capitalization of $11.98 billion and a P/E ratio of 14.67.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, September 14th.
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ECA has been the topic of several recent research reports. TD Securities dropped their target price on shares of Encana Corp to C$15.50 and set a “hold” rating on the stock in a report on Tuesday, June 13th. AltaCorp Capital reiterated a “sector perform” rating on shares of Encana Corp in a report on Tuesday, May 2nd. Scotiabank reiterated an “underperform” rating and set a C$15.00 target price on shares of Encana Corp in a report on Thursday, April 20th. Raymond James Financial, Inc. initiated coverage on shares of Encana Corp in a report on Wednesday, May 31st. They set an “outperform” rating and a C$20.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 target price on shares of Encana Corp in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$16.35.
About Encana Corp
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia.
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