KLR Group Initiates Coverage on Encana Corporation (USA) to Hold

KLR Group Initiates Coverage on Encana Corporation (USA)(NYSE:ECA). The shares have been rated Hold. The rating by KLR Group was issued on Aug 29, 2016.

In a different note, On Jul 26, 2016, FirstEnergy said it Upgrades its rating on Encana Corporation (USA). The shares have been rated ‘Market Perform’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on Encana Corporation (USA). In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Equalweight’ by the firm. 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 Thursdays trading session with the shares closing down -0.11 points or -1.15% at a volume of 91,43,879. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.665. The peak price level was also seen at $9.665 while the days lowest was $9.29. Finally the shares closed at $9.43. The 52-week high of the shares is $10.43 while the 52-week low is $3. According to the latest information available, the market cap of the company is $8,015 M.

Encana Corporation (USA) has also declared a cash dividend of $0.0150 on Jul 21, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Encana Corporation (USA)(ECA) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $364.00M. Analysts had an estimated revenue of $703.29M. Earnings per share were $0.10. Analysts had estimated an EPS of $-0.09.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Encana Corporation (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Encana Corporation (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.