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This Stock Has A 1.61% Yield, Sells For Less Than Book, and Insiders Have Been Buying

By Energy Stock Channel Staff, Friday, November 8, 2:11 PM ET
Play Video: The Importance of Insider Buying


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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Encana Corp (NYSE:ECA), which saw buying by Director Thomas G. Ricks.

Back on November 1, Ricks invested $247,493.75 into 62,500 shares of ECA, for a cost per share of $3.96. In trading on Friday, shares were changing hands as low as $4.53 per share, which is 14.4% above Ricks's purchase price. Encana Corp shares are currently trading +1.39% on the day. The chart below shows the one year performance of ECA shares, versus its 200 day moving average:

Encana Corp Chart

Looking at the chart above, ECA's low point in its 52 week range is $3.81 per share, with $9.01 as the 52 week high point — that compares with a last trade of $4.73. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/13/2019 Michael Gerard McAllister EVP & COO 5,650 $6.52 $36,838.00
05/23/2019 Douglas James Suttles President & CEO 10,000 $6.01 $60,095.19
05/23/2019 Corey Douglas Code EVP & CFO 10,800 $6.00 $64,800.00
06/03/2019 Douglas James Suttles President & CEO 5,000 $5.33 $26,625.00
06/05/2019 Bruce Gordon Waterman Director 50,000 $5.06 $253,000.00
06/12/2019 Corey Douglas Code EVP & CFO 10,000 $4.87 $48,700.00
06/12/2019 David Glen Hill EVP, Exploration & BD 10,000 $4.82 $48,200.00
06/14/2019 Douglas James Suttles President & CEO 5,000 $4.74 $23,699.50
06/12/2019 Douglas James Suttles President & CEO 5,000 $4.85 $24,258.50
06/17/2019 Suzanne P. Nimocks Director 10,000 $4.77 $47,700.00
08/01/2019 Howard John Mayson Director 5,000 $4.50 $22,475.00
08/06/2019 Douglas James Suttles President & CEO 10,000 $4.19 $41,900.00
08/07/2019 Douglas James Suttles President & CEO 6,000 $4.04 $24,223.80
08/07/2019 Fred J. Fowler Director 25,000 $4.00 $99,998.00
08/23/2019 Corey Douglas Code EVP & CFO 10,000 $4.06 $40,640.00
09/04/2019 Brian Gordon Shaw Director 16,000 $4.45 $71,180.00
11/01/2019 Suzanne P. Nimocks Director 6,000 $3.93 $23,580.00
11/01/2019 Howard John Mayson Director 10,000 $3.96 $39,612.50
11/01/2019 Thomas G. Ricks Director 62,500 $3.96 $247,493.75
11/01/2019 Douglas James Suttles CEO 12,500 $3.92 $49,000.00
11/01/2019 Michael Gerard McAllister President 4,800 $4.10 $19,680.00

The DividendRank report noted that among the coverage universe, ECA shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Encana Corp, and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Encana Corp is $0.075/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/12/2019. Below is a long-term dividend history chart for ECA, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


This Article's Word Cloud:   Code   Corey   Corp   Director   Dividend   DividendRank   Douglas   Encana   Gerard   Gordon   Howard   Insider   James   John   Mayson   McAllister   Michael   Nimocks   President   Ricks   Suttles   Suzanne   Thomas   above   also   attractive   below   both   buying   chart   companies   company   coverage   currently   dividend   escape   history   insider   investors   maybe   most   recent   report   share   shares   that   they   trading   valuation   which

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