Encana Corporation (USA) (ECA) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.10 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $-0.09. Analysts expectations of $768.61 million. During the same quarter in the previous year, the company posted $-0.20 EPS.
Encana Corporation (USA) opened for trading at $7.62 and hit $8.05 on the upside on Wednesday, eventually ending the session at $7.97, with a gain of 2.84% or 0.22 points. The heightened volatility saw the trading volume jump to 1,84,37,115 shares. Company has a market cap of $6,774 M.
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.