Nexus Investment Management buys $4,549,773 stake in Encana Corporation (USA) (ECA)

Encana Corporation (USA) (ECA) : Nexus Investment Management scooped up 3,050 additional shares in Encana Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 595,520 shares of Encana Corporation (USA) which is valued at $4,549,773.Encana Corporation (USA) makes up approximately 0.85% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies added ECA to its portfolio by purchasing 49 company shares during the most recent quarter which is valued at $374.

Encana Corporation (USA) closed down -0.02 points or -0.26% at $7.62 with 55,26,341 shares getting traded on Monday. Post opening the session at $7.75, the shares hit an intraday low of $7.585 and an intraday high of $7.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Encana Corporation (USA) reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $-0.12.Analysts expectations of $ 754.79.During the same quarter in the previous year, the company posted $0.01 EPS.

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 Company’s upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin and San Juan.

Leave a Reply

Encana Corporation (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Encana Corporation (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.