Encana Corporation (USA) (ECA) is Downgraded by KLR Group to Accumulate

Encana Corporation (USA) (ECA) was Downgraded by KLR Group to ” Accumulate”. Earlier the firm had a rating of “Buy ” on the company shares. KLR Group advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Encana Corporation (USA). Encana Corporation (USA) was Upgraded by KLR Group to ” Buy” on Nov 7, 2016. RBC Capital Mkts Upgraded Encana Corporation (USA) on Nov 4, 2016 to ” Outperform”, Price Target of the shares are set at $13.Company shares were Upgraded by Barclays on Oct 11, 2016 to ” Overweight”, Firm has raised the Price Target to $ 14 from a previous price target of $10 .

On the company’s financial health, Encana Corporation (USA) reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.03.Analysts expectations of $ 716.76.During the same quarter in the previous year, the company posted $-0.03 EPS.

Encana Corporation (USA) closed down -0.22 points or -1.78% at $12.16 with 47,90,342 shares getting traded on Friday. Post opening the session at $12.23, the shares hit an intraday low of $12.03 and an intraday high of $12.24 and the price fluctuated in this range throughout the day.Shares ended Friday 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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