Encana Corporation (USA) (ECA) is Upgraded by Citigroup to Buy

Encana Corporation (USA) (ECA) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Sep 30, 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) closed down -0.39 points or -4.21% at $8.87 with 1,66,58,444 shares getting traded on Tuesday. Post opening the session at $9.16, the shares hit an intraday low of $8.8 and an intraday high of $9.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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