Encana Corporation (ECA) to Release Earnings on Wednesday
Encana Corporation (NYSE:ECA) (TSE:ECA) will release its earnings data before the market opens on Wednesday, November 8th. Analysts expect Encana Corporation to post earnings of $0.06 per share for the quarter.
Shares of Encana Corporation (ECA) opened at 11.70 on Wednesday. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85. The stock has a market capitalization of $11.39 billion, a PE ratio of 13.95 and a beta of 2.12. The stock’s 50 day moving average is $11.21 and its 200 day moving average is $10.16.
Several research firms have weighed in on ECA. Royal Bank Of Canada set a $15.00 price objective on shares of Encana Corporation and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Encana Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Barclays PLC upped their price objective on shares of Encana Corporation from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. BMO Capital Markets set a $14.00 price objective on shares of Encana Corporation and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Scotiabank upped their price objective on shares of Encana Corporation from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.16.
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Encana Corporation Company Profile
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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