Brokerage firm Barclays Maintains its rating on Encana Corporation (USA)(NYSE:ECA). In a research note issued to the investors, the brokerage major Raises the price-target to $7.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 14, 2016.
In a different note, On Jun 23, 2016, Macquarie said it Downgrades its rating on Encana Corporation (USA). The shares have been rated ‘Underperform’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Encana Corporation (USA). In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Buy’ by the firm.
Encana Corporation (USA) (ECA) shares turned negative on Mondays trading session with the shares closing down -0.09 points or -1.13% at a volume of 64,80,437. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.94. The peak price level was also seen at $7.94 while the days lowest was $7.75. Finally the shares closed at $7.91. The 52-week high of the shares is $9.28 while the 52-week low is $3. According to the latest information available, the market cap of the company is $6,723 M.
Encana Corporation (USA)(ECA) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $753.00M. Analysts had an estimated revenue of $695.44M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.11.
Encana Corporation is engaged in the business of the exploration development production and marketing of natural gas oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within Canada; USA Operations which includes the exploration for development of and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments product type delivery points and customer diversification. Market Optimization sells all of the Company’s upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin and San Juan.