Encana Corp (TSE:ECA) Director John Burton Jones Sells 1,825 Shares

Encana Corp (TSE:ECA) (NYSE:ECA) Director John Burton Jones sold 1,825 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$9.77, for a total transaction of C$17,830.25.

Encana Corp (ECA) traded down 1.05% during mid-day trading on Thursday, reaching $12.29. 2,034,125 shares of the company traded hands. Encana Corp has a 52-week low of $10.54 and a 52-week high of $18.13. The stock has a 50 day moving average price of $11.84 and a 200-day moving average price of $14.14. The company has a market capitalization of $11.96 billion and a P/E ratio of 14.65.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.015 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.48%.

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A number of research analysts have recently commented on the stock. AltaCorp Capital reissued a “sector perform” rating on shares of Encana Corp in a research report on Tuesday, May 2nd. TD Securities boosted their target price on shares of Encana Corp to C$15.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. assumed coverage on shares of Encana Corp in a research report on Wednesday, May 31st. They set an “outperform” rating and a C$20.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of Encana Corp to C$16.25 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Scotiabank reissued an “underperform” rating and set a C$15.00 target price on shares of Encana Corp in a research report on Thursday, April 20th. One 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 presently has an average 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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