ECA - Encana Corporation

NYSE - NYSE Delayed Price. Currency in USD
3.7900
-0.2500 (-6.19%)
At close: 4:00PM EST
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Previous Close4.0400
Open3.9600
Bid3.7900 x 28000
Ask3.8000 x 29200
Day's Range3.7000 - 3.9600
52 Week Range3.7000 - 7.7000
Volume35,920,345
Avg. Volume20,559,257
Market Cap4.812B
Beta (5Y Monthly)3.43
PE Ratio (TTM)3.66
EPS (TTM)1.0350
Earnings DateN/A
Forward Dividend & Yield0.07 (1.86%)
Ex-Dividend DateDec. 11, 2019
1y Target Est6.59
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,565.34, down 56.44 points.)Encana Corp. (TSX:ECA). Energy. Down 23 cents, or 4.43 per cent, to $4.96 on 16 million shares.Aphria Inc. (TSX:APHA). Health care. Down 65 cents, or 8.58 per cent, to $6.93 on 8.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.81 per cent, to $1.22 on 7.2 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down nine cents, or 5.56 per cent, to $1.53 on 6 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13 cents, or 4.76 per cent, to $2.60 on 5.5 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.2 per cent, to $53.96 on 5.45 million shares. Companies in the news:Encana Corp. (TSX:ECA). Encana Corp. says it has completed its corporate reorganization under the new name Ovintiv Inc. The shake-up also includes technically moving the company to be U.S.-based, though the company says the move won't change how the Calgary-based company runs its day-to-day activities. Company CEO Doug Suttles said in announcing the change that the domicile move to the U.S. would give the company access to larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.Barrick Gold Corp. (TSX:ABX). Up 36 cents or 1.48 per cent to $24.60. Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country. The Toronto-based gold miner signed the deal with United Republic of Tanzania President John Pombe Magufuli that will give the government "full visibility of and participation in operating decisions made for and by the North Mara, Bulyanhulu and Buzwagi mines." The agreement also formalizes the creation of a jointly owned management company that will oversee Barrick's local operations.SNC-Lavalin Inc. (TSX:SNC). Down 15 cents to $31.09. Canada has slipped in the annual Transparency International ranking of countries considered among the least corrupt, in light of the SNC-Lavalin controversy. According to the Berlin-based organization's most recent corruption perception index, Canada now ranks 12th on the list of 180 countries assessed, behind Germany, the Netherlands and Norway. This is a decrease of three places compared to 2018. The country obtained a score of 77, which places it at the top in the Americas, while the United States ranks 23rd.Domtar Corp. (TSX:UFS). Down $2.49 or 4.8 per cent to $49.49. Domtar Corp. has warned of an expected operating loss for the fourth quarter and sales that are below analyst expectations. The wood products company says in a business update that it expects its operating loss to be between US$15 million and US$19 million, due in part to US$19 million in closure and restructuring costs and US$74 million in depreciation and amortization. The company, partially based in Montreal, says it expects revenue of US$1.2 billion. Analysts had expected revenue of US$1.27 billion according to financial markets data firm Refinitiv.Aphria Inc. (TSX:APHA). Aphria Inc. says it has signed a deal with an unidentified institutional investor who has agreed to invest $100 million in the cannabis company. The investor will acquire roughly 14 million units of the company at a price of $7.12 per unit. Each unit will include one Aphria share and one-half of a share purchase warrant. Each whole warrant will entitle the investor to acquire one Aphria share at a price of $9.26 for a period of 24 months from the closing date of the offering. Aphria says it plans to use the net proceeds from the offering to finance international expansion, working capital and general corporate purposes.This report by The Canadian Press was first published Jan. 24, 2020. The Canadian Press

  • The Canadian Press

    Encana completes corporate restructuring to Ovintiv, shift to U.S.

    CALGARY — Encana Corp. says it has completed its corporate reorganization under the new name Ovintiv Inc.The shake-up also includes technically moving the company to be U.S.-based, though the company says the move won't change how the Calgary-based company runs its day-to-day activities.Company CEO Doug Suttles said in announcing the change that the domicile move to the U.S. would give the company access to larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.More than 90 per cent of shareholder votes cast were in favour of the change.Suttles, who went to school in Texas and lives in Denver, came on as CEO of Encana in 2013.Encana was created in 2002 through the merger of Alberta Energy Company Ltd., founded in the 1970s by the provincial government, and PanCanadian Energy Corp., the roots of which can be traced back to the construction of the Canadian Pacific railroad.This report by The Canadian Press was first published Jan. 24, 2020.Companies in this story: (TSX:ECA) The Canadian Press

  • CNW Group

    Encana Completes Reorganization and Establishes Corporate Domicile in the U.S.

    CALGARY, Jan. 24, 2020 /CNW/ - Encana Corporation (NYSE, TSX: ECA) announced today they have completed a previously announced series of reorganization transactions (collectively, the "Reorganization"), resulting in the company: (i) establishing its corporate domicile in the U.S.; (ii) rebranding under the name Ovintiv Inc. ("Ovintiv"); and (iii) completing a consolidation and share exchange for effectively one share of common stock of Ovintiv for every five common shares of Encana. The Company received very strong securityholder support with more than 90% of votes cast in favor of the Reorganization.

  • Farewell Encana, Hello Brookfield Property in Canadian Index Rejig
    Bloomberg

    Farewell Encana, Hello Brookfield Property in Canadian Index Rejig

    (Bloomberg) -- The time has come for Canadian index investors to say goodbye to Encana Corp., a stalwart of the nation’s energy sector with roots going back to the late 1800s.On Friday, shares of the oil and gas company will be removed from the S&P/TSX Composite and S&P/TSX 60 indexes after it won investor approval to relocate to the U.S. and rebrand under the name Ovintiv. While Encana will leave a hole on the key stock gauge, Brookfield Property Partners LP will replace it on the large-cap index, according to a statement from S&P Dow Jones Indices.“This could possibly be the largest index event for the Canadian market,” Bryan Chuah, an analyst at Canadian Imperial Bank of Commerce, said in a report. About 195 million Encana shares will need to be sold by Canadian indexers -- valued at about C$1.1. billion ($840 billion), he said, as its new U.S. domicile makes it ineligible for inclusion up north. Encana has about 1.3 billion shares outstanding, according to data compiled by Bloomberg.Encana shares have been in a downward spiral for more than a decade. In 2009, the company spun out its oil-sands assets into Cenovus Energy Inc. in a bid to unlock shareholder value and focus on natural gas. That didn’t work so well, as a glut of North American gas production has weighed on prices ever since.Chief Executive Officer Doug Suttles, who took the reins in 2013, shifted the company away from gas production and into shale oil, especially in Texas’s Permian Basin. Its market value has tumbled about C$63 billion to C$6.7 billion since its 2008 peak.In comes the real estate arm of Brookfield Asset Management Inc.Units of Brookfield Property, a global real estate company, have rallied almost 10% this year to market value of C$25.8 billion. Prior to this addition, the S&P/TSX 60 had zero representation in the real estate sector.Encana announced last year that it will move its head office from Calgary to Denver to allow access to larger pools of investment capital, including U.S. index funds and passively managed accounts.Oil-Sands GloomThe company may be added to the S&P MidCap 400 Index in the U.S., generating demand for 90 million or more of the company’s shares, Randy Ollenberger, an analyst at Bank of Montreal, said in a note last week.Encana’s move south only intensified the gloom enveloping the Canadian energy industry after foreign companies sold more than $30 billion of assets in the past three years amid a lack of pipeline space that has choked off prospects for growth.Encana joins pipeline owner TransCanada Corp., which changed its name to TC Energy Corp. earlier this year, in dropping the link to Canada from its name.Encana traces its history to the 1880s, when the Canadian Pacific Railway Ltd. accidentally discovered natural gas while drilling a water well for workers. The company was eventually spun out from Canadian Pacific and took the name EnCana in 2002.\--With assistance from Aoyon Ashraf.To contact the reporters on this story: Divya Balji in Toronto at dbalji1@bloomberg.net;Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Top Ranked Growth Stocks to Buy for January 21st
    Zacks

    Top Ranked Growth Stocks to Buy for January 21st

    Top Ranked Growth Stocks to Buy for January 21st

  • It’s Official: This Canadian Stock Will Switch Loyalty to the U.S.
    The Motley Fool

    It’s Official: This Canadian Stock Will Switch Loyalty to the U.S.

    Encana Corp (TSX:ECA)(NYSE:ECA) and other Canadian energy stocks are desperate for a turnaround in the comparatively disadvantaged North American oil industry.

  • The Canadian Press

    Alberta court approves Encana reorganization, paving way for change next week

    CALGARY — Encana Corp. says an Alberta court has approved the oil and gas company's reorganization that will see it move its headquarters to Denver from Calgary and change its name to Ovintiv Inc.The decision by the Court of Queen's Bench of Alberta follows Tuesday's vote that saw 90 per cent of shareholders approve the change, despite public criticism from Encana founder Gwyn Morgan and shareholder Letko, Brosseau & Associates Inc.Encana announced the changes in October as part of a reorganization that includes a one-for-five share consolidation, also approved by shareholders.The reorganization is expected to close around Jan. 24.The Calgary-based company says a corporate domicile in the United States will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.Encana has said the changes will not affect how it runs its day-to-day activities in Canada.This report by The Canadian Press was first published Jan. 17, 2020.Companies in this story: (TSX:ECA)The Canadian Press

  • CNW Group

    Encana Receives Court Approval of Proposed Plan of Arrangement

    CALGARY, Jan. 17, 2020 /CNW/ - Encana Corporation (NYSE, TSX: ECA) today announced that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced plan of arrangement, which forms part of a series of proposed reorganization transactions (collectively, the "Reorganization"), in order for the company to: (i) establish its corporate domicile in the U.S.; (ii) rebrand under the name Ovintiv Inc. ("Ovintiv"); and (iii) complete a consolidation and share exchange for effectively one share of common stock of Ovintiv for every five common shares of Encana. Further information regarding the Reorganization is provided in Encana's proxy statement/management information circular and prospectus dated December 11, 2019.

  • Encana to Shift Base to the United States, Rebrand as Ovintiv
    Zacks

    Encana to Shift Base to the United States, Rebrand as Ovintiv

    Through this restructuring, Encana (ECA) will effectively exchange Ovintiv's one share of common stock for every five common shares of Encana.

  • CNW Group

    Encana Provides Details on its Upcoming Anadarko Basin Conference Call and Webcast

    Encana Provides Details on its Upcoming Anadarko Basin Conference Call and Webcast

  • Encana Investors Approve U.S. Move, Bruising Canadian Morale
    Bloomberg

    Encana Investors Approve U.S. Move, Bruising Canadian Morale

    (Bloomberg) -- Encana Corp. won investors’ approval to relocate to the U.S. and change its name to Ovintiv, a plan that has dented morale in Canada’s beleaguered energy industry.About 90% of the shares were voted by holders in favor of the plan, Encana said in a statement Tuesday after a special meeting in Calgary. The company produces oil and natural gas in both Canada and the U.S.Encana can now push ahead with a plan that has added to the gloom surrounding Canada’s oil industry, which is suffering from a lack of pipeline space that has weighed on prices and prevented producers from increasing output. The dismal environment has prompted foreign companies to sell more than $30 billion of Canadian energy assets in the past three years.Losing Encana carries an even sharper sting because it was one of Canada’s marquee companies, born out of the nation’s 19th-century railway boom, and the “can” in its name was a nod toward its country of origin. The company, which is moving its head office from Calgary to Denver, said relocating to the U.S. will allow it to access larger pools of investment capital, including U.S. index funds and passively managed accounts.Montreal-based Letko, Brosseau & Associates Inc., Encana’s fourth-largest shareholder, blasted the plan in November, saying the move was “highly discriminatory” because it forces investors holding the shares in Canadian-focused funds to sell the stock at a time when the price is particularly weak. The company holds about 4% of Encana’s shares. Roughly 71% of Encana’s shareholders are in the U.S., and 20% are in Canada, according to data compiled by Bloomberg.About 90 million Encana shares in the S&P/TSX index and 30 million in the MSCI Canada may be put up for sale as a result of the move to the U.S., according to Randy Ollenberger, an analyst at Bank of Montreal. The company may be added to the S&P MidCap 400 Index, generating demand for 90 million or more of the company’s shares, he said. Encana has about 1.3 billion shares outstanding, according to data compiled by Bloomberg.Encana shares fell 2.5% to C$5.54 in Toronto trading. The stock has slid 39% in the past 12 months.(Updates with analyst’s projections in sixth paragraph)\--With assistance from Michael Bellusci.To contact the reporter on this story: Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine BuurmaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Encana shareholders vote 90 per cent for name change, Denver HQ move
    The Canadian Press

    Encana shareholders vote 90 per cent for name change, Denver HQ move

    CALGARY — Shareholders in Encana Corp. have voted overwhelmingly in favour of the oil and gas company moving its headquarters to Denver from Calgary and changing its name to Ovintiv Inc.CEO Doug Suttles says the 90 per cent vote in favour of the resolution shows clear support for the long-standing Canadian company's decision to move its corporate home south of the border, despite public criticism from Encana founder Gwyn Morgan and shareholder Letko, Brosseau & Associates Inc.Encana announced the changes in October as part of a reorganization that includes a one-for-five share consolidation, also approved by shareholders on Tuesday.It says a corporate domicile in the United States will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.Encana has said the changes will not affect how it runs its day-to-day activities in Canada.The company was created in 2002 through the merger of Alberta Energy Company Ltd., founded in the 1970s by the provincial government, and PanCanadian Energy Corp., the roots of which can be traced back to the construction of the Canadian Pacific railroad."With 90 per cent of our securityholders voting 'for' the resolution, there is clearly support for our efforts to expose Ovintiv to the deeper pools of capital in the U.S., capturing the value we know exists within our equity," said Suttles in a news release."We will continue to focus on innovation and efficiencies throughout our operations, delivering the financial and operational performance our shareholders expect."This report by The Canadian Press was first published Jan. 14, 2020.Companies in this story: (TSX:ECA)The Canadian Press

  • CNW Group

    Encana Receives Securityholder Approval for Reorganization

    CALGARY , Jan. 14, 2020 /CNW/ - Encana Corporation (NYSE, TSX: ECA) today announced that its securityholders voted in support of the reorganization resolution, in order to: (i) establish the company's corporate domicile in the U.S.; (ii) rebrand under the name Ovintiv Inc. ("Ovintiv"); and (iii) complete a consolidation and share exchange for effectively one share of common stock of Ovintiv for every five common shares of Encana.

  • Executives Think Encana (TSX:ECA) Stock Is Seriously Undervalued
    The Motley Fool

    Executives Think Encana (TSX:ECA) Stock Is Seriously Undervalued

    According to company insiders, Encana Corp (TSX:ECA)(NYSE:ECA) stock is a golden opportunity for investors.

  • Why Encana’s (ECA) Stock Price Rose 16.7% in December
    The Motley Fool

    Why Encana’s (ECA) Stock Price Rose 16.7% in December

    Encana Corp.’s (TSX:ECA)(NYSE:ECA) stock price rallied in December, as investors recognized the stock's ridiculously low valuation levels and strong business.

  • Is Encana (ECA) Stock Undervalued Right Now?
    Zacks

    Is Encana (ECA) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Could Shareholders Block Encana’s (TSX:ECA) Move to the U.S. in 2020?
    The Motley Fool

    Could Shareholders Block Encana’s (TSX:ECA) Move to the U.S. in 2020?

    The Encana stock is tanking as it prepares to relocate to the U.S. Its performance is dismal in 2019 heading into 2020. Only the flow of more American funds can confirm if the decision to move was a wise one.

  • 2019 Stock Losers: Can These 3 Disappointing Stocks Rebound in 2020?
    The Motley Fool

    2019 Stock Losers: Can These 3 Disappointing Stocks Rebound in 2020?

    It is not surprising the see poor performances and the sharp drop in prices of the Encana stock, SNC-Lavalin stock, and Sierra Wireless stock. Near-term recovery is unlikely.