Last $21.74 USD
Change Today -0.51 / -2.31%
Volume 2.1M
ECA On Other Exchanges
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As of 11:43 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

encana corp (ECA) Snapshot

Open
$22.18
Previous Close
$22.25
Day High
$22.19
Day Low
$21.70
52 Week High
06/20/14 - $24.83
52 Week Low
10/9/13 - $16.97
Market Cap
16.1B
Average Volume 10 Days
5.1M
EPS TTM
$0.99
Shares Outstanding
740.9M
EX-Date
09/11/14
P/E TM
22.0x
Dividend
$0.28
Dividend Yield
1.89%
Current Stock Chart for ENCANA CORP (ECA)

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encana corp (ECA) Details

Encana Corporation, together with its subsidiaries, is engaged in exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in resource plays that include the Cutbank Ridge in northern British Columbia; Bighorn in west central Alberta; Peace River Arch in northwest Alberta; Clearwater in southern Alberta; Greater Sierra in northeast British Columbia; and Deep Panuke natural gas project offshore Nova Scotia, as well as emerging play, such as the Duvernay in west central Alberta. It also holds interests in resource plays comprising Piceance in northwest Colorado; Jonah in southwest Wyoming; Haynesville in Louisiana; and Texas. In addition, the company holds interests in emerging plays, including the DJ Niobrara in northern Colorado; the San Juan Basin in New Mexico; and the Tuscaloosa Marine Shale in Louisiana and Mississippi. Encana Corporation primarily markets its products to local distribution companies, industrials, other producers, and energy marketing companies. The company was founded in 1971 and is headquartered in Calgary, Canada.

3,303 Employees
Last Reported Date: 03/27/14
Founded in 1971

encana corp (ECA) Top Compensated Officers

Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: $552.3K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: $637.2K
Executive Vice President and General Counsel
Total Annual Compensation: $437.0K
Compensation as of Fiscal Year 2013.

encana corp (ECA) Key Developments

Encana Corporation Declares Dividend, Payable on September 30, 2014

Encana Corporation declared a dividend of $0.07 per share payable on September 30, 2014, to common shareholders of record as of September 15, 2014.

Encana Corporation Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings and Production Guidance for the Year 2014

Encana Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported cash flow of $656 million against $665 million a year ago. Cash flow per diluted share was $0.89 against $0.90 a year ago. Operating earnings were $171 million against $247 million a year ago. Operating earnings per diluted share were $0.23 against $0.34 a year ago. Net earnings attributable to common shareholders were $281 million or $0.38 per share against $730 million or 0.99 per share a year ago. Revenue was $1,588 million compared to the $1,984 million for the same quarter year ago. Capital expenditure was $3,483 million compared to the $726 million for the same quarter year ago. For the six months, the company has reported cash flow of approximately $1,733 million or $2.34 per share compared to the $1,188 million or $1.61 per share, a 41% rise year-over-year, while $686 million in operating earnings and $387 million in net earnings attributable to common shareholders are increases of 61% and 29%, respectively, from 2013 levels. Profit was $397 million or $0.54 per share compared to the $299 million or $0.41 per share for the same period year ago. Revenue was $3,480 million compared to the $3,043 million for the same period year ago. Capital expenditure was $4,017 million compared to the $1,463 million for the same period year ago. For the quarter, the company reported natural gas of 2,541 (MMcf/d) against 2,766 (MMcf/d) a year ago. Liquids were 68.2 (Mbbls/d) against 47.6 (Mbbls/d) a year ago. The company hedged approximately 2,138 MMcf/d of expected July to December 2014 natural gas production at an average price of $4.17 per thousand cubic feet (Mcf) and approximately 825 MMcf/d of expected 2015 natural gas production at an average price of $4.37 per Mcf. In addition, The company has hedged approximately 304,000 barrels per day (Mbbls/d) of expected July to December 2014 oil production using WTI fixed price contracts at an average price of $97.34 per bbl. The company also now expects 2014 total liquids production of 86,000 to 91,000 bbls/d, up from previous guidance projections of 68,000 to 73,000 bbls/d. The company continued to enhance its financial strength through a quarter of rapid portfolio transition. Proceeds received from the IPO and divestitures transactions, along with year-to-date free cash flow of approximately $679 million, contributed to a strong period-end balance of approximately $2.7 billion in cash and cash equivalents. As a result of the strong results achieved thus far in 2014, the company has increased its cash flow guidance from $2.9-$3.0 billion to $3.4-$3.6 billion. The company has also increased its upstream capital investment guidance to $2.6-$2.7 billion, up from $2.3-$2.4 billion, largely attributable to the planned capital expenditures in the newly acquired Eagle Ford position.

Encana Reportedly Prepares To Sell Deep Panuke Offshore Project

Encana Corporation (TSX:ECA) is preparing to sell Deep Panuke offshore project in Nova Scotia by year-end 2014, according to people familiar with the matter. Encana could begin a formal process in the coming months, with a transaction expected before the end of 2014, said one of the people. There is no guarantee a sale will occur at this point. Encana is working with financial advisors as it explores a sale, which may raise $1 billion to $2 billion, the people said, asking not to be identified discussing private information. “We only provide comment on transactions once they’ve been confirmed,” said Jay Averill, a spokesman for Encana who declined to comment further.

 

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ECA

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Valuation ECA Industry Range
Price/Earnings 20.8x
Price/Sales 2.4x
Price/Book 3.1x
Price/Cash Flow 6.9x
TEV/Sales 1.1x
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