President and CEO Suttles Douglas James acquired 5,000 shares in Encana Corporation (NYSE:ECA) for $159,212 in transaction occurred on 2018/12/20. After making this transaction, the President and CEO owns a direct stake of 27,750 shares, worth $971,193, as per the last closing price. On 2018/12/19 Nimocks Suzanne P, Director at ECA, purchased 2,500 shares at an average price of $5.91 per share. The new stake is valued at $95,160.
Separately, it had been reported that some other ECA insiders also took part of the insider trading activity. Director, Fowler Fred J had invested in 10,000 shares for $25,000 through a trade on 2018/12/18. Following this activity, the insider holds 56,400 shares worth $152,500 as of recent close. Wall Street’s most bullish Encana Corporation (NYSE:ECA) analysts are predicting the share price to blow past $13 per share during the next 12 months. The current median share price forecast by them is $10, suggesting that the stock could increase 63.93% in that time frame. The average price target of $9.6 calls for a nearly 57.38% increase in the stock price.
Encana Corporation (ECA) trading activity significantly improved as the volume at ready counter increased to 41,534,807 shares versus 26,565,814 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 29,499,529 shares. The share price dropped -0.16% in recent trade and currently has a stock-market value of $5.99B. The shares finished at $6.1, after trading as low as $5.945 earlier in the session. It hit an intraday high Monday at $6.24. The stock is now 22% above against its bear-market low of $5 on December 26, 2018. It has retreated -134.1% since it’s 52-week high of $14.28 reached in August. Now the market price is down -42.02% on the year and up 5.54% YTD.
ECA’s 50 day simple moving average (SMA 50) price is $6.41 and its 200-day simple moving average (SMA 200) price is $10.68. The company’s stock currently has a total float of 951.19M shares. Its weekly volatility is hovering around 4.85% and felt 3.77% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.24. On a downside, the stock is likely to find some support, which begins at $5.95. The failure to get near-term support could push it to $5.8.
It had seen a positive analyst call from CIBC, which upgraded the stock from Sector Underperform to Neutral on January 31. Analysts at Mizuho, started covering the stock on January 30 with a Neutral rating. Analysts at MKM Partners, made their first call about the stock on December 06, recommending it is Buy.
When looking at valuations, Encana Corporation (ECA) has a pricey P/E of 43.57x as compared to industry average of 8.71x. Moreover, it trades for 6.98 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.9x price/book and 1.26x price/sales. Compared to others, Encana Corporation is in a different league with regards to profitability, having net margins of -4%. To put some perspective around this, the industry’s average net margin is -0.7%. ECA’s ROE is -2.9%, which is also considerably worse than the industry’s ROE of -0.31%. It’s also not liquid in the near term, with a current ratio of 0.7. The stock has a debt/capital of 0.88.
Shares of Encana Corporation (ECA) have dropped -40.3% since the company’s last earnings report. Over the past 12 fiscal quarters, Encana Corporation (NYSE:ECA) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. ECA last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.17 per share, -99.42% change on the same period last year. That was better than consensus for $0.13. Revenue for the recent quarter stood at $1.26 billion, up 47% on last year and below the $1.34 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.38 billion to $1.82 billion, which should be compared with $1.21 billion generated last year. EPS is seen in a range of $0.1 to $0.27, against the $0.22 reported a year ago.