Encana Corp (ECA) Director Acquires C$32,100.00 in Stock

Encana Corp (TSE:ECA) (NYSE:ECA) Director Douglas James Suttles purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average price of C$6.42 per share, for a total transaction of C$32,100.00.

Douglas James Suttles also recently made the following trade(s):

  • On Tuesday, November 20th, Douglas James Suttles purchased 5,000 shares of Encana stock. The shares were purchased at an average price of C$7.04 per share, for a total transaction of C$35,200.00.
  • On Thursday, November 15th, Douglas James Suttles purchased 10,000 shares of Encana stock. The shares were purchased at an average price of C$7.77 per share, for a total transaction of C$77,700.00.
  • On Monday, September 10th, Douglas James Suttles purchased 1,000 shares of Encana stock. The shares were purchased at an average price of C$12.20 per share, for a total transaction of C$12,200.00.

TSE:ECA opened at C$8.55 on Friday. The company has a debt-to-equity ratio of 68.23, a current ratio of 0.70 and a quick ratio of 0.64. Encana Corp has a 52 week low of C$8.46 and a 52 week high of C$18.54.

Encana (TSE:ECA) (NYSE:ECA) last announced its quarterly earnings data on Thursday, November 1st. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.05. The company had revenue of C$1.65 billion during the quarter, compared to analyst estimates of C$1.63 billion. Equities analysts forecast that Encana Corp will post 1.14999990985443 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 31st will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, December 13th. Encana’s payout ratio is currently -29.70%.

Separately, AltaCorp Capital cut Encana from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 2nd.

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About Encana

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

Further Reading: Asset Allocation, Balancing Your Investments

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