EnCana (ECA) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
EnCana (NYSE:ECA) issued its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.04, Stock Ratings Network reports. During the same quarter last year, the company posted $0.36 earnings per share.
A number of analysts have recently weighed in on ECA shares. Analysts at ISI Group upgraded shares of EnCana to a “neutral” rating in a research note to investors on Monday. On the ratings front, analysts at Cormark downgraded shares of EnCana to a “market perform” rating in a research note to investors on Thursday, October 10th. Finally, analysts at Societe Generale downgraded shares of EnCana from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. They now have a $19.00 price target on the stock, down previously from $23.00. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.23.
EnCana (NYSE:ECA) opened at 18.24 on Wednesday. EnCana has a 52-week low of $16.48 and a 52-week high of $24.29. The stock’s 50-day moving average is $17.50 and its 200-day moving average is $18.16. The company’s market cap is $13.459 billion.
EnCana Corporation (NYSE:ECA) is a natural gas producing company.
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