Encana Corporation (USA) (ECA) is Downgraded by Societe Generale to Sell

Encana Corporation (USA) (ECA) was Downgraded by Societe Generale to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Encana Corporation (USA). Encana Corporation (USA) was Upgraded by Citigroup to ” Buy” on Sep 30, 2016. 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 $10.71 and hit $10.98 on the upside on Friday, eventually ending the session at $10.86, with a gain of 1.21% or 0.13 points. The heightened volatility saw the trading volume jump to 1,87,37,804 shares. Company has a market cap of $9,230 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.

Encana Corporation (USA)

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Encana Corporation (USA) - Is it time to Sell?

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