Lingohr Partner Asset Management Gmbh Lowers stake in Encana Corporation (USA) (ECA)

Encana Corporation (USA) (ECA) : Lingohr Partner Asset Management Gmbh reduced its stake in Encana Corporation (USA) by 7.25% during the most recent quarter end. The investment management company now holds a total of 479,400 shares of Encana Corporation (USA) which is valued at $3,950,256 after selling 37,500 shares in Encana Corporation (USA) , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Encana Corporation (USA) makes up approximately 3.80% of Lingohr Partner Asset Management Gmbh’s portfolio.

Other Hedge Funds, Including , Checchi Capital Advisers reduced its stake in ECA by selling 51 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 1,992 shares of ECA which is valued at $16,414. 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.Murphy Pohlad Asset Management reduced its stake in ECA by selling 1,100 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 11,695 shares of ECA which is valued at $91,338. Encana Corporation (USA) makes up approx 0.07% of Murphy Pohlad Asset Management’s portfolio.British Columbia Investment Management Corp boosted its stake in ECA in the latest quarter, The investment management firm added 17,800 additional shares and now holds a total of 128,400 shares of Encana Corporation (USA) which is valued at $980,976. Encana Corporation (USA) makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio. 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) opened for trading at $7.67 and hit $7.86 on the upside on Thursday, eventually ending the session at $7.76, with a gain of 1.57% or 0.12 points. The heightened volatility saw the trading volume jump to 1,16,38,595 shares. Company has a market cap of $6,595 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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