Last C$15.95 CAD
Change Today -0.06 / -0.37%
Volume 1.9M
ECA On Other Exchanges
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As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

encana corp (ECA) Snapshot

Open
C$15.80
Previous Close
C$16.01
Day High
C$16.03
Day Low
C$15.56
52 Week High
06/18/14 - C$26.85
52 Week Low
12/16/14 - C$13.31
Market Cap
11.8B
Average Volume 10 Days
7.8M
EPS TTM
C$1.38
Shares Outstanding
741.0M
EX-Date
12/11/14
P/E TM
9.9x
Dividend
C$0.28
Dividend Yield
1.95%
Current Stock Chart for ENCANA CORP (ECA)

encana corp (ECA) Related Businessweek News

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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; 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

Aux Sable Canada LP Signs New Long-Term Rich Gas Premium Agreements with Encana Corporation and Brion Duvernay Gas Partnership

Aux Sable Canada LP announced that it has signed new long-term rich gas premium (RGP) agreements with Encana Corporation and Brion Duvernay Gas Partnership. These agreements provide for up to 180 mmcf per day of additional rich gas supplies from the emerging Duvernay shale play for connection to a receipt zone in Alberta, starting in November 2017 and continuing through to 2020. In March 2014, Aux Sable announced that it had entered into RGP agreements with Encana and Brion to provide for up to 195 mmcf per day of rich gas supplies from the same area, starting in July 2014 and continuing through to 2020. The transaction strengthens Aux Sables feedstock supply beyond 2015 and further underpins its growth strategy.

Encana Corporation Declares Dividend, Payable on December 31, 2014; Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Operating Results for the Third Quarter Ended September 30, 2014; Provides Production and Free Cash Flow Guidance for the Year 2014

Encana Corporation announced that its Board of Directors declared a dividend of $0.07 per share, payable on December 31, 2014, to common shareholders of record as of December 15, 2014. The company announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported cash flow of approximately $807 million or $1.09 per diluted share compared with $660 million or $0.89 per diluted share a year ago. Operating earnings were $281 million or $0.38 per diluted share compared with $150 million or $0.20 per diluted share for the same period last year. Net earnings attributable to common shareholders were $2.8 billion or $3.79 per share compared with $188 million a year ago. Huge jump in net income in the third quarter, due to about $2.4 billion of gains on asset divestitures that were part of its strategic shift to focus more on crude oil and liquids-rich natural gas. For the nine months, the company's disciplined approach has resulted in a $326 million reduction in the company's capital investment year-to-date and an increase in cash from operating activities of $579 million compared to the same period last year. Approximately 84% of year-to-date total capital investment has been focused on the company's growth assets. Year-to-date, the company has reported cash flow of approximately $2.6 billion and $3.2 billion in net earnings attributable to common shareholders, with the latter figure reflecting the significant impact of divestiture activity through the year. The company's year-to-date operating earnings of $967 million represent a 68% increase when compared to the first nine months of 2013. A 61% increase in liquids volumes year-to-date results in about a $568 million increase in revenues versus the first 9 months of 2013. The company achieved during the third quarter by exceeding 100,000 barrels per day of total liquids production. Third quarter oil production of approximately 62,100 bbls/d was up 128% compared to the same period in 2013 and 82% over last quarter. This increase was driven in part by volumes from the recently acquired Eagle Ford position, which accounted for approximately 37,600 bbls/d of liquids production. Natural gas liquids production during the quarter averaged about 41,900 bbls/d, an increase of 35% year-over-year and 23% over last quarter. Natural gas production was 2,199 MMcf/d compared with 2,723 MMcf/d ayear ago. Liquids production was 104.0 Mbbls/d compared with 58.2 Mbbls/d a year ago. The company anticipated 2014 cash flow is based upon, among other things, achieving average production for 2014 of between 2.30 Bcf/d and 2.40 Bcf/d of natural gas and 85,000 bbls/d to 89,000 bbls/d of liquids. The midpoint of its revised guidance projects about 87,000 barrels per day of total oil and NGL production in 2014, about a 20% increase compared to original 2014 guidance provided last December 2013. The company expects to generate about $500 million of free cash flow in 2014.

Encana Corporation Presents at Bank of America 2014 Global Energy Conference, Nov-13-2014 01:20 PM

Encana Corporation Presents at Bank of America 2014 Global Energy Conference, Nov-13-2014 01:20 PM. Venue: The Fontainebleau Miami Beach, 4441 Collins Ave, Miami, Florida, United States. Speakers: David G. Hill, Executive Vice-President of Exploration & Business Development.

 

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Industry Analysis

ECA

Industry Average

Valuation ECA Industry Range
Price/Earnings 3.5x
Price/Sales 1.4x
Price/Book 1.1x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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