Rating Watching: Is KLR Group Very Negative For Encana (NYSE:ECA) After Its Downgrade?

November 28, 2016 - By Nellie Frank

Rating Watching: Is KLR Group Very Negative For Encana (NYSE:ECA) After Its Downgrade?

Encana (NYSE:ECA) Downgrade

KLR Group decreased Encana (NYSE:ECA)‘s stock to a “Accumulate” rating from a “Buy”. This rating change was revealed to clients in a analysts report today.

Encana Corp (USA) (NYSE:ECA) Ratings Coverage

Out of 20 analysts covering Encana Corporation (NYSE:ECA), 12 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 60% are positive. $15 is the highest target while $5.50 is the lowest. The $10.96 average target is -8.89% below today’s ($12.03) stock price. Encana Corporation has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Equal-Weight” rating on Tuesday, January 12 by Morgan Stanley. The rating was downgraded by Macquarie Research on Thursday, June 23 to “Underperform”. The stock of Encana Corp (USA) (NYSE:ECA) earned “Buy” rating by Goldman Sachs on Friday, September 11. The firm has “Buy” rating given on Thursday, January 21 by Deutsche Bank. FirstEnergy Capital upgraded the shares of ECA in a report on Tuesday, July 28 to “Outperform” rating. The firm has “Outperform” rating given on Thursday, October 6 by Credit Suisse. The firm earned “Overweight” rating on Tuesday, October 11 by Barclays Capital. The firm earned “Sell” rating on Friday, October 7 by Societe Generale. Citigroup maintained the shares of ECA in a report on Thursday, April 7 with “Neutral” rating. The firm has “Buy” rating given on Thursday, October 6 by GMP Securities.

About 2.89 million shares traded hands. Encana Corp (USA) (NYSE:ECA) has risen 70.79% since April 25, 2016 and is uptrending. It has outperformed by 64.77% the S&P500.

Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on February, 22. They expect $0.03 EPS, down 76.92% or $0.10 from last year’s $0.13 per share. ECA’s profit will be $28.50M for 100.25 P/E if the $0.03 EPS becomes a reality. After $0.04 actual EPS reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids . The company has a market cap of $11.43 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It currently has negative earnings. All of its reserves and production are located in North America.

According to Zacks Investment Research, “EnCana Corporation is one of the world’s largest independent natural gas producers and gas storage operators.”

ECA Company Profile

Encana Corporation, incorporated on January 1, 2006, is an energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s activities also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. The Firm operates through three divisions: Canadian Operations, USA Operations and Market optimization.

More important recent Encana Corp (USA) (NYSE:ECA) news were published by: Fool.ca which released: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” on October 20, 2016, also Fool.ca published article titled: “Royal Bank of Canada Upgrades Encana Corp.: Time to Buy?”, Fool.ca published: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?” on September 01, 2016. More interesting news about Encana Corp (USA) (NYSE:ECA) was released by: Fool.ca and their article: “Encana Corp. Just Posted a Surprise Profit: What Now?” with publication date: November 03, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>