GSA Capital Partners LLP boosted its position in Encana Corp. (NYSE:ECA) by 425.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,464 shares of the company’s stock after buying an additional 46,534 shares during the period. GSA Capital Partners LLP’s holdings in Encana Corp. were worth $448,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ECA. BB&T Securities LLC raised its position in shares of Encana Corp. by 22.6% in the first quarter. BB&T Securities LLC now owns 17,754 shares of the company’s stock worth $108,000 after buying an additional 3,270 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Encana Corp. by 39.6% in the first quarter. Loomis Sayles & Co. L P now owns 21,274 shares of the company’s stock worth $130,000 after buying an additional 6,036 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Encana Corp. during the first quarter worth $187,000. AXA raised its position in shares of Encana Corp. by 14.3% in the first quarter. AXA now owns 32,273 shares of the company’s stock worth $198,000 after buying an additional 4,040 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Encana Corp. by 414.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,451 shares of the company’s stock worth $240,000 after buying an additional 31,780 shares during the period. Institutional investors own 64.69% of the company’s stock.
Shares of Encana Corp. (NYSE:ECA) traded down 7.61% on Tuesday, reaching $9.11. The company’s stock had a trading volume of 101,681,073 shares. Encana Corp. has a 12 month low of $3.00 and a 12 month high of $10.75. The firm’s market cap is $7.74 billion. The stock has a 50 day moving average of $9.48 and a 200-day moving average of $7.74.
Encana Corp. (NYSE:ECA) last issued its earnings results on Thursday, July 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.19. Encana Corp. had a negative net margin of 81.73% and a positive return on equity of 0.79%. During the same quarter in the previous year, the business posted ($0.20) EPS. On average, analysts anticipate that Encana Corp. will post ($0.10) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.66%. Encana Corp.’s payout ratio is currently -1.79%.
ECA has been the topic of a number of recent research reports. Jefferies Group reiterated a “buy” rating on shares of Encana Corp. in a research note on Thursday, August 11th. BMO Capital Markets restated a “buy” rating and set a $10.00 price objective on shares of Encana Corp. in a research note on Friday, July 22nd. Deutsche Bank AG raised their price objective on Encana Corp. from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, June 14th. Nomura raised their price objective on Encana Corp. from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Barclays PLC lowered their price objective on Encana Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.37.
Encana Corp. Company Profile
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.
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