Canadian stock alert
CLOSING UPDATE: Encana up 2.1% in 2 days 24 July 2017 18:21 EDT
NEWS BITES - NORTH AMERICA
This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Encana, Canada's 2nd largest oil & gas - exploration & production company by market capitalisation, extended its gains on Monday, rising an additional 8.0c (or 0.6%) to trade at CAD12.42. Trading volume was 82% of average at the end of the day. The shares have risen 25.0c (or 2.1%) over the past two trading days vs. the S&P/TSX 60 Index which has fallen 1.0% in the same period.
Technical indicators complementing today's significant uptrend:
+ The positive 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price climbed 4.7% in the last week and soared 13.8% in the last month.
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.
Encana today is at a discount of 31.2% to the 12-month high of CAD18.07 on 25 Jan, 2017. It is at a premium of 25.8% to the 12-month low of CAD9.87 on 27 Jul, 2016.
The stock has underperformed 80% of the Canadian market over the past 6 months.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Sales of 2.8 [1.4]
Price to Book of 2.9 [0.7]
Dividend yield of 0.8% [2.2%]
Afternoon Alert: Encana increases 1.3%, leads Oil & gas - exploration & production sector higher
24 July 2017 12:20 EDT
EnCana Corporation (TSX:ECA) has increased 1.3% to trade at CAD12.50 vs. the Oil & gas - exploration & production sector which strengthened 0.7 points (or 0.2%) to 318.1. Representing a weighting of about 9.5% of the sector, the stock accounted for 53.5% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 80% of average so far today.
CLOSING UPDATE: Encana decreased gains by 1.0% on robust volume
21 July 2017 18:19 EDT
Encana, Canada's 2nd largest oil & gas - exploration & production company by market capitalisation, traded on heavy volume of 1.5 times average today while the price increased 17.0c (or 1.4%) to trade at CAD12.34. Compared with the S&P/TSX 60 Index which fell 4.9 points (or 0.6%) in the day, this represented a relative price increase of 1.9%.
Afternoon Alert: Encana lifts 2.4% on robust volume
21 July 2017 14:51 EDT
EnCana Corporation (TSX:ECA) traded on heavy volume of 1.6 times average so far today while the price lifted 29.0c (or 2.4%) to trade at CAD12.46.
EnCana Corporation (T:ECA; TSE:ECA; N:ECA; CN:ECA)
CIK: Encana Corporation