Encana Corporation (USA) (ECA) : Balyasny Asset Management added new position in Encana Corporation (USA) during the most recent quarter end. The investment management firm now holds 10,541,681 shares of Encana Corporation (USA) which is valued at $98,986,385 , the company said in a statement filed on Aug 15, 2016 with the SEC.Encana Corporation (USA) makes up approximately 0.77% of Balyasny Asset Management’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in ECA by selling 74,402 shares or 49.76% in the most recent quarter. The Hedge Fund company now holds 75,119 shares of ECA which is valued at $705,367. Encana Corporation (USA) makes up approx 0.04% of Cubist Systematic Strategies’s portfolio.Raymond James Associates boosted its stake in ECA in the latest quarter, The investment management firm added 14,348 additional shares and now holds a total of 58,615 shares of Encana Corporation (USA) which is valued at $550,395.Dimensional Fund Advisors Lp reduced its stake in ECA by selling 956,202 shares or 15.83% in the most recent quarter. The Hedge Fund company now holds 5,084,597 shares of ECA which is valued at $44,286,840. Encana Corporation (USA) makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.
Encana Corporation (USA) closed down -0.11 points or -1.15% at $9.43 with 91,43,879 shares getting traded on Thursday. Post opening the session at $9.47, the shares hit an intraday low of $9.29 and an intraday high of $9.665 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Encana Corporation (USA). KLR Group Initiated Encana Corporation (USA) on Aug 29, 2016 to “Hold”, Price Target of the shares are set at $10.
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.