Encana Corp. Announces Quarterly Dividend of $0.13 (TSE:OVV)

Encana Corp. (TSE:OVV) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.127 per share on Wednesday, September 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, September 14th.

Encana stock traded down C$0.74 during mid-day trading on Thursday, reaching C$13.06. The company had a trading volume of 409,504 shares, compared to its average volume of 2,873,033. The company has a fifty day moving average of C$13.47. The firm has a market cap of $3.74 billion and a P/E ratio of 4.06. The company has a debt-to-equity ratio of 79.07, a quick ratio of 0.59 and a current ratio of 1.04. Encana has a fifty-two week low of C$2.95 and a fifty-two week high of C$24.28.

Encana (TSE:OVV) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.13 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.29 by C($0.16). The firm had revenue of C$3.55 billion during the quarter, compared to analysts’ expectations of C$2.22 billion.

Several brokerages have commented on OVV. CSFB reaffirmed a “neutral” rating on shares of Encana in a report on Friday, May 8th. National Bank Financial increased their price objective on shares of Encana from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd.

About Encana

Ovintiv Inc, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets in Anadarko basin, located in west-central Oklahoma; the Permian basin located in the prolific, Midland Basin in Texas; and the Montney basin located in western Canada.

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