Encana Corporation (USA) (ECA) is Initiated by KLR Group to Hold, Price Target at $10

Encana Corporation (USA) (ECA) was Initiated by KLR Group to “Hold” and the brokerage firm has set the Price Target at $10. KLR Group advised their investors in a research report released on Aug 29, 2016.

On the company’s financial health, Encana Corporation (USA) reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $-0.09.Analysts expectations of $ 768.61.During the same quarter in the previous year, the company posted $-0.20 EPS.

Encana Corporation (USA) opened for trading at $9.96 and hit $10.43 on the upside on Tuesday, eventually ending the session at $10.19, with a gain of 1.70% or 0.17 points. The heightened volatility saw the trading volume jump to 1,00,61,211 shares. Company has a market cap of $8,660 M.

Investors should note that on Jul 21, 2016, Encana Corporation (USA) announced a cash dividend of $0.0150. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.

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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