Encana Corporation (USA) (ECA) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 . RBC Capital Mkts advised their investors in a research report released on Sep 12, 2016.
Many Wall Street Analysts have commented on Encana Corporation (USA). Company shares were Reiterated by RBC Capital Mkts on Sep 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .KLR Group Initiated Encana Corporation (USA) on Aug 29, 2016 to “Hold”, Price Target of the shares are set at $10.
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 $10 and hit $10.375 on the upside on Wednesday, eventually ending the session at $10.2, with a gain of 2.51% or 0.25 points. The heightened volatility saw the trading volume jump to 14,656,618 shares. Company has a market cap of $8,669 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.