|Bid||32.63 x 100|
|Ask||32.64 x 100|
|Day's Range||32.38 - 32.81|
|52 Week Range||28.79 - 50.69|
|PE Ratio (TTM)||55.50|
|Dividend & Yield||0.24 (0.77%)|
|1y Target Est||N/A|
For the week ended July 14, crude oil (USO) prices reversed their losses from the previous week. Crude oil prices rose from $44.23 per barrel to $46.54 per barrel, an increase of more than 5%.
The Barnett Shale used to be the crown jewel of the shale revolution. However, its declining profitability led several oil stocks to abandon the region.
Due to rising crude oil (USO) and natural gas (UNG) prices last week, Encana’s stock price rose ~13% from $8.39 to $9.45. It outperformed crude oil and natural gas by a wide margin.