The Growth Forecast For Encana Corporation (NYSE:ECA)

17 February, 2017, 00:44 | Author: Essie Rivera
  • The Growth Forecast For Encana Corporation (NYSE:ECA)

Several investment firms issued their expert ratings on Encana Corporation (NYSE:ECA) in which Societe Generale Upgrades Encana Corporation (NYSE:ECA) to Hold with no specific Price Target on 1/12/17. For the quarter, revenue came in at 979M versus consensus estimate of 718.32M. The Stock Closing Price on the 7th day of earnings was $5.93. The recent trading ended with the price almost 2.93 higher for the last 5 trading days, rebounding 325.1% from its 52-week low. The company has a 50-day moving average of $12.73 and a 200-day moving average of $11.09. The company had Year Ago Sales of $998.18 Million. The original version of this story can be read at https://sportsperspectives.com/2017/02/16/encana-corporation-eca-stock-rating-lowered-by-zacks-investment-research-2.html.

Encana Corporation (NYSE:ECA) reports its Earnings on Thursday 16 Feb (In 2 Days).

Encana Corporation (NYSE:ECA) has a market capitalization of 12.23 Billion. The stock hit its 52-Week High on Jan 26, 2017 and 52-Week Low on Feb 23, 2016.

Check back later for our full write up on this Encana earnings report later! During the same quarter in the previous year, the company posted $0.13 EPS. CIBC World Markets Inc. now owns 14,613,153 shares of the company's stock valued at $153,000,000 after buying an additional 2,474,832 shares during the last quarter. While 1 stands at overweight and2 out of pool consider it as Sell for current month. This rating was issued on 1/24/17. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Additionally, the steps undertaken by it to divest high-cost low-profit gas assets will increase its financial flexibility and fund the transition to a more diversified oil and gas firm. As the past trend shows, Encana Corporation's stock price has rallied after earnings in 6 of the last 11 quarters. Finally, KLR Group downgraded Encana Corporation from a "buy" rating to an "accumulate" rating and set a $14.00 target price for the company.in a report on Monday, November 28th. This firm now has YTD (year to date) performance of 9.54 Percent which is awesome.

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The stock is now trading at a distance of 10.69% from SMA-20. During the same quarter past year, the firm posted $0.13 earnings per share. Tesla Motors, Inc. (NASDAQ:TSLA) has a Return on Assets of -8.4 percent, Return on Equity of -48.2 percent, while Return on Investment of -16.5 percent.

Coming to earnings surprise history, the company has a good record: its beaten estimates in three of the last four quarters.

2017 Guidance: Encana has set $1.6-$1.8 billion as 2017 capital expenditure budget, while total production for the year is expected to be between 320 thousand barrels of oil equivalent per day and 330 thousand barrels of oil equivalent per day.

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