Encana Corporation (ECA) Stock Rating Lowered by Zacks Investment Research

Encana Corp

On 2/15/2017, JP Morgan released a statement on Encana Corp (USA) (NYSE:ECA) upped the target price from $0.00 to $16.00 that suggested an upside of 0.24%. Shares have dropped -0.7% to $12.77. Encana Corporation has a one year low of $3.00 and a one year high of $13.85. The stock has moved up across its 50-day moving average of $12.75. Korea Investment CORP raised its stake in Encana Corporation by 310.3% in the third quarter.

In front of fourth-quarter earnings release on Thursday, Feb 16, 2017, 17 analysts are forecasting profits of $0.03 per share, with views ranging from an ultra-tight -$0.02 to $0.13. The stock now shows its YTD (Year to Date) performance of 7.84 percent while its Weekly performance value is 2.93%. With the last close up 12.99% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same period. Revenue of 364M for that quarter was below the $714.24M analysts had expected. Sequentially sales are estimated to fell by -20.17% from Q1's $979M.

Revenue was down sharply from the comparable periods of 2015, dropping by 34 per cent to $2.92 billion for the full year. For the next 5 years, Encana Corporation is expecting Growth of -53.98% per annum, whereas in the past 5 years the growth was -27.18% per annum. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08.

In the previous year Encana Corp's stock price has increased by 0% from 0.00 to 12.89.

For the year, the company reported that its loss narrowed to $944 million, or $1.07 per share. Finally, analysts shed their light over the ECA price targets; maintaining price high target of 22 while at average the price target was 14.59 in contrast with the current price of 12.77. Currently, the Return on Assets value for the trailing twelve months is -8.5% with the Return on Equity and Return on Investment of -22.4% and -30.1% respectively.

TD analyst Menno Hulshof said in a note to clients Encana had largely de-risked its 2017 drilling program by building up activity before the end of 2016, which meant less competition for services in January and February. KLR Group Upgrades the company's stock to Buy on 11/07/16 with no specific Price Target.

The Average Volume of the company is 7.35 Million, while the Relative Volume of the company is 0.64. And immediately on the next day after earnings announcement, the stock inclined 4.03% and closed its trading session at $8.27.

On 05/03/2016, Analysts were suspecting EPS of $-0.16/share where Encana Corporation (NYSE:ECA) reported its Actual EPS of $-0.15. The Stock Closing Price on the 7th day of earnings was $5.93. The EPS consensus range is $0.01-$0.11 on revenue between $898.2M and $708M.

"Encana Corporation (ECA) Earns Overweight Rating from Analysts at J P Morgan Chase & Co" was posted by Community Financial News and is the sole property of of Community Financial News.

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