Equity Investment Corpga buys $101,967 stake in Encana Corporation (USA) (ECA)

Encana Corporation (USA) (ECA) : Equity Investment Corpga scooped up 215 additional shares in Encana Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 12,435 shares of Encana Corporation (USA) which is valued at $101,967.

Other Hedge Funds, Including , Welch Forbes reduced its stake in ECA by selling 2,640 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 32,370 shares of ECA which is valued at $265,434. Encana Corporation (USA) makes up approx 0.01% of Welch Forbes’s portfolio.Lingohr Partner Asset Management Gmbh reduced its stake in ECA by selling 37,500 shares or 7.25% in the most recent quarter. The Hedge Fund company now holds 479,400 shares of ECA which is valued at $3,950,256. Encana Corporation (USA) makes up approx 3.80% of Lingohr Partner Asset Management Gmbh’s portfolio. Jones Collombin Investment Counsel Inc sold out all of its stake in ECA during the most recent quarter. The investment firm sold 6,358 shares of ECA which is valued $52,390.Capstone Asset Management Co reduced its stake in ECA by selling 26,897 shares or 27.57% in the most recent quarter. The Hedge Fund company now holds 70,670 shares of ECA which is valued at $551,933. Encana Corporation (USA) makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

Encana Corporation (USA) opened for trading at $8.51 and hit $8.95 on the upside on Monday, eventually ending the session at $8.71, with a gain of 4.44% or 0.37 points. The heightened volatility saw the trading volume jump to 1,20,36,175 shares. Company has a market cap of $7,403 M.

On the company’s financial health, Encana Corporation (USA) reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $-0.09.Analysts expectations of $ 768.61.During the same quarter in the previous year, the company posted $-0.20 EPS.

Investors should note that on Jul 21, 2016, Encana Corporation (USA) announced a cash dividend of $0.0150. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 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 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.

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