Encana Corporation (NYSE:ECA) is at least -2.55% than its current record low price of $4.31. There was a -4.33% decline on 7/26/2019 that led the price to move at $4.2. At a recent session, the prices were hovering between $4.135 and $4.41. This company shares are 119.52% off its target price of $9.22 and the current market capitalization stands at $6.35B. The recent change has given its price a -19.2% deficit over SMA 50 and -70.59% deficit over its 52-week high. The stock witnessed -16.67% declines, -41.18% declines and -39.83% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ECA’s volatility during a week at 4.61% and during a month it has been found around 4.09%.

What Does Encana Corporation (ECA) Do?

The company describes itself in regulatory filings as, “Encana Corp. engages in the production of natural gas, oil and natural gas liquids. It operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of and production of natural gas, oil and natural gas liquids and other related activities within Canada. The USA Operations segment involves in the exploration, development and production of natural gas, oil, and natural gas liquids and other related activities within the U.S. The Market Optimization segment is responsible for the sale of the company’s proprietary production to third party customers and the associated netback price. The company was founded in 1881 and is headquartered in Calgary, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/ECA/profile under company description.]

Encana Corporation (ECA) Top Holders

Institutional investors currently hold around $4.32 billion or 67.2% in ECA stock. Look at its top three institutional owners: Wellington Management Group Llp owns $560.07 million in Encana Corporation, which represents roughly 8.82% of the company’s market cap and approximately 12.97% of the institutional ownership. Similar statistics are true for the second largest owner, Causeway Capital Management Llc, which owns 117,363,590 shares of the stock are valued at $492.93 million. The third largest holder is Vanguard Group Inc, which currently holds $180.14 million worth of this stock and that ownership represents nearly 2.84% of its market capitalization.

Encana Corporation 13F Filings

At the end of March reporting period, 257 institutional holders increased their position in Encana Corporation (NYSE:ECA) by some 203,829,978 shares, 358 decreased positions by 437,496,342 and 52 held positions by 386,701,407. That puts total institutional holdings at 1,028,000,000 shares, according to SEC filings. The stock grabbed 68 new institutional investments totaling 17,337,667 shares while 171 institutional investors sold out their entire positions totaling 154,899,584 shares.

Encana Corporation (NYSE:ECA) Insider Trades

Multiple company employees have indulged in significant insider trading. Encana Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Nimocks Suzanne P has acquired 10,000 shares of Encana Corporation (ECA) in the trading session dated Jun. 17, 2019. These shares are worth $47,700 and were traded at $4.77 each. The SEC filing shows that Suttles Douglas James performed a purchase of 5,000 shares. The President & CEO added these shares by way of transaction on Jun. 14, 2019. The company’s shares were assimilated at $4.74 per share worth to an investment of some $23,700 to the account of Suttles Douglas James.

EVP, Exploration & BD, Hill David Glen, purchased 10,000 common shares of Encana Corporation (ECA) in the open market. In a transaction dated Jun. 12, 2019, the shares were bought at an average price of $4.82, giving away a sum of $48,200. After this purchase, 43,118 common shares of ECA are directly owned by the insider, with total stake valued at $181,096.

In the transaction dated Jun. 12, 2019, a great number of shares acquired came courtesy the President & CEO; Suttles Douglas James added a total of 5,000 shares at an average price of $4.85, amounting to approximately $24,250. The insider now directly owns 179,212 shares worth $752,690.

Encana Corporation (ECA) Analyst Guide

Several analysts have released their opinion on Encana Corporation (NYSE:ECA), with 6 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 15 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.1 average brokerage recommendation [T1].