Encana Corporation (USA) (ECA) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Encana Corporation (USA) (ECA) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.12. Analysts expectations of $754.79 million. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Encana Corporation (USA). Company shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .Encana Corporation (USA) was Downgraded by CIBC to ” Sector Underperform” on Feb 25, 2016.

Encana Corporation (USA) closed down -0.23 points or -3.00% at $7.43 with 2,25,25,747 shares getting traded on Monday. Post opening the session at $7.59, the shares hit an intraday low of $7.25 and an intraday high of $7.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Encana Corporation (USA)

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