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

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

OVV stock traded down C$0.74 during mid-day trading on Thursday, reaching C$13.06. 409,504 shares of the company traded hands, compared to its average volume of 2,873,033. The company has a fifty day moving average price of C$13.47. Encana has a 52-week low of C$2.95 and a 52-week high of C$24.28. The stock has a market capitalization of $3.74 billion and a P/E ratio of 4.06. The company has a quick ratio of 0.59, a current ratio of 1.04 and a debt-to-equity ratio of 79.07.

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

OVV has been the subject of several analyst reports. National Bank Financial raised their price target on shares of Encana from C$6.50 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, April 23rd. CSFB reissued a “neutral” rating on shares of Encana in a research note on Friday, May 8th.

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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