Encana (ECA) Q4 Earnings Beat Estimate, Guides for 2017 February 16, 2017


The company's quarterly performance represents an optimistic momentum of 54.64 percent, with a surge of 18.02 percent in the stock price over the last one month. This rating was issued on 1/24/17. The firm has a 50-day moving average price of $12.75 and a 200-day moving average price of $11.11. The company presently has a consensus rating of "Hold" and an average price target of C$13.00. KLR Group Downgrades the stock to Accumulate on 11/28/16 with no specific Price Target. The stock climbed 4.03% the day following the earnings announcement, and on 7th day price change was -4.15%.

"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.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Encana Corporation (ECA) stock has proven to be much more bearish. According to their observations and findings, the stock could provide a high EPS of $0.1/share and a Low EPS of $0.04/share.

Some buy side analysts are also providing their Analysis on Encana Corporation, where 3 analysts have rated the stock as Strong buy, 11 analysts have given a Buy signal, 9 said it's a HOLD, 3 reported it as Underperform and 0 analysts rated the stock as Sell. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell.

OPEC: Why The Oil Price War Is Over
Later in December, Russia and other producers outside the group committed to take 558,000 barrels a day out of the market. Comparative inventory analysis suggests that the current ~$53 per barrel WTI oil price is at least $6 per barrel too high.

Encana Corp (TSE:ECA) (NYSE:ECA) had its price objective upped by Scotiabank from C$11.00 to C$12.00 in a research report issued to clients and investors on Thursday.

Shares of Encana Corporation (NYSE:ECA) opened at 12.86 on Wednesday.

February 24, 2016: ECA reported Q4 earnings of $0.13, beating consensus estimates of $0.01. Thus Surprise Factor was there with 242.9 percent.

Encana Corporation (NYSE:ECA) has a market capitalization of 12.23 Billion. The stock appeared -99.80% below its 52-week highs and is up 5.02% for the last five trades. The company has a 1 Year high price target of $15.01. This Oils-Energy Sector stock now has the Market Capitalization of 12.3 Billion. The Moving Average SMA50 is 0.04% while SMA200 is 27.23%. Encana Corporation had a negative net margin of 40.77% and a positive return on equity of 1.79%.

Lawmakers address concerns over future of health insurance
Whether to keep the Medicaid expansion that was part of Obamacare could divide conservative and moderate Republicans. Ron Johnson (R-Wis.), who in 2011 called Obamacare "the single greatest assault on our freedom in my lifetime".

While looking at the Stock's Performance, Encana Corporation now shows a Weekly Performance of 8.22%, where Monthly Performance is -4.34%, Quarterly performance is 21.88%, 6 Months performance is 34.07% and yearly performance percentage is 232.4%.

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.

The Average Volume of the company is 7.35 Million, while the Relative Volume of the company is 0.64. The Company now has Insider ownership of 0 Percent and Institutional Ownership of 67.2 Percent.

Russian jets in 'unsafe' encounters with destroyer
The latest Russian military provocation over the Black Sea comes as the Trump administration seeks to reset relations with Moscow. The incident "was deemed unsafe and unprofessional because of various factors including low altitude and high speed", said Lt.