Shares of Encana Corporation (NYSE:ECA) Sees Large Inflow of Net Money Flow

Encana Corporation (NYSE:ECA) traded negative at $8. On an intraday basis, the price dropped -0.04 points or -0.44%. The composite uptick value was $20.66 million while the combined downtick value was $9.88. The net money flow was $10.78 million while the up/down ratio was not very comforting at 2.09. The shares on a weekly note has seen a change in share price of -0.87%.According to the trading data, the shares saw a block trade with $11 million in upticks and $1.63 million in downticks. The up/down ratio for the block was calculated to be 6.76. The net money flow for the block trade was 9.37.

Encana

Currently the company Insiders own 0.26% of Encana Corporation shares according to the proxy statements. Institutional Investors own 62.85% of Encana Corporation shares.

Encana Corporation (NYSE:ECA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.035 points or 0.44% at $8 with 16,110,501 shares getting traded. Post opening the session at $7.83, the shares hit an intraday low of $7.77 and an intraday high of $8.32 and the price was in this range throughout the day. The company has a market cap of $6,799 million and the number of outstanding shares have been calculated to be 849,900,000 shares. The 52-week high of Encana Corporation (NYSE:ECA) is $12.53 and the 52-week low is $3.

Many analysts have stated their opinion on the company shares. Evercore ISI Group downgrades its rating on Encana Corporation (NYSE:ECA). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 15, 2016.

Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. Market Optimization sells all of the Companys upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin, and San Juan.

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