Encana (ECA) Stake Increased by Viking Global Investors Lp; Pampa Energia S A (PAM) Market Value Rose While Electron Capital Partners Decreased Its Position

February 15, 2018 - By Adrian Erickson

Andreas Halvorsen increased its stake in Encana Corp (ECA) by 28.32% based on its latest 2017Q3 regulatory filing with the SEC. Viking Global Investors Lp bought 20.61M shares as the company’s stock declined 8.34% while stock markets rallied. The hedge fund run by Andreas Halvorsen held 93.38M shares of the oil & gas production company at the end of 2017Q3, valued at $1.10 billion, up from 72.77M at the end of the previous reported quarter. Viking Global Investors Lp who had been investing in Encana Corp for a number of months, seems to be bullish on the $10.60 billion market cap company. The stock decreased 1.33% or $0.15 during the last trading session, reaching $11.1. About 6.75 million shares traded. Encana Corporation (NYSE:ECA) has risen 50.13% since February 15, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Jos Shaver decreased its stake in Pampa Energia S A (PAM) by 2.13% based on its latest 2017Q3 regulatory filing with the SEC. Electron Capital Partners Llc sold 5,122 shares as the company’s stock rose 26.59% with the market. The hedge fund run by Jos Shaver held 235,044 shares of the central company at the end of 2017Q3, valued at $15.30 million, down from 240,166 at the end of the previous reported quarter. Electron Capital Partners Llc who had been investing in Pampa Energia S A for a number of months, seems to be less bullish one the $5.16 billion market cap company. The stock increased 1.95% or $1.19 during the last trading session, reaching $62.24. About 309,089 shares traded or 16.73% up from the average. Pampa Energía S.A. (NYSE:PAM) has risen 176.38% since February 15, 2017 and is uptrending. It has outperformed by 159.68% the S&P500.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 23 have Buy rating, 2 Sell and 3 Hold. Therefore 82% are positive. Encana Corporation had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Canaccord Genuity on Wednesday, September 27. The firm has “Outperform” rating by Wolfe Research given on Friday, June 16. Altacorp maintained the shares of ECA in report on Wednesday, October 18 with “Buy” rating. The firm has “Neutral” rating by UBS given on Thursday, October 6. The firm has “Buy” rating by Goldman Sachs given on Friday, September 11. The company was maintained on Thursday, July 14 by Barclays Capital. The firm has “Hold” rating by Societe Generale given on Wednesday, January 11. The stock has “Buy” rating by GMP Securities on Friday, September 29. The company was upgraded on Thursday, March 23 by UBS. On Monday, November 20 the stock rating was maintained by Barclays Capital with “Overweight”.

Viking Global Investors Lp, which manages about $39.90B and $15.44B US Long portfolio, decreased its stake in Shire Plc (NASDAQ:SHPG) by 276,368 shares to 520,685 shares, valued at $79.74 million in 2017Q3, according to the filing. It also reduced its holding in D R Horton Inc (NYSE:DHI) by 3.57M shares in the quarter, leaving it with 1.53M shares, and cut its stake in Deere & Co (NYSE:DE).

Among 2 analysts covering Pampa Energia SA (NYSE:PAM), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Pampa Energia SA had 2 analyst reports since October 8, 2015 according to SRatingsIntel. As per Thursday, October 8, the company rating was initiated by Santander.

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