Gierl Augustine Investment Management Inc adds Encana Corporation (USA) (ECA) to its portfolio

Encana Corporation (USA) (ECA) : Gierl Augustine Investment Management Inc added new position in Encana Corporation (USA) during the most recent quarter end. The investment management firm now holds 300 shares of Encana Corporation (USA) which is valued at $3,327 , the company said in a statement filed on Oct 14, 2016 with the SEC.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in ECA in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 9,174 shares of Encana Corporation (USA) which is valued at $102,290.Creative Planning boosted its stake in ECA in the latest quarter, The investment management firm added 160,495 additional shares and now holds a total of 210,391 shares of Encana Corporation (USA) which is valued at $2,331,132. Encana Corporation (USA) makes up approx 0.02% of Creative Planning’s portfolio.British Columbia Investment Management Corp boosted its stake in ECA in the latest quarter, The investment management firm added 18,800 additional shares and now holds a total of 147,200 shares of Encana Corporation (USA) which is valued at $1,630,976. Encana Corporation (USA) makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.Advisory Services Network reduced its stake in ECA by selling 169 shares or 12.65% in the most recent quarter. The Hedge Fund company now holds 1,167 shares of ECA which is valued at $12,674. Eqis Capital Management added ECA to its portfolio by purchasing 16,374 company shares during the most recent quarter which is valued at $178,968. Encana Corporation (USA) makes up approx 0.01% of Eqis Capital Management’s portfolio.

Encana Corporation (USA) closed down -0.06 points or -0.54% at $11.09 with 1,07,79,270 shares getting traded on Friday. Post opening the session at $11.21, the shares hit an intraday low of $11.03 and an intraday high of $11.36 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on Encana Corporation (USA). Company shares were Upgraded by Barclays on Oct 11, 2016 to ” Overweight”, Firm has raised the Price Target to $ 14 from a previous price target of $10 .Encana Corporation (USA) was Downgraded by Societe Generale to ” Sell” on Oct 7, 2016. Encana Corporation (USA) was Upgraded by Citigroup to ” Buy” 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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